Quote:
Originally Posted by photon
In the case of the house, the faster I pay down a house the more of my own money is in that house and the less of the banks money is in that house, so as the value appreciates it's my own money working for that appreciation, when my goal is to have other people's money working for me.
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Now, are you talking about your principal dwelling here, or a rental? Because it's hard to borrow against your house if you don't owe a whole lot of it. I think I get what you're saying, though. You're of the school of mind that spreads your own money over as much as possible so as to increase your gains. Paying down a rental property with your own money means you won't have the cash to spend on another house. And another, and so on. That works if you have the cajones.