Quote:
Originally Posted by fotze
Plus you/them are paying off the mortgage.
Why did you have to post that, I now feel guilty for not doing the same thing.
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Realistically it doesn't matter that the mortgage is being paid down. The interest paid on this is tax deductible, while on many other debts it is not. The more prudent thing to do is crush the non-deductible debts first before you worry about paying down debt that is deductible (all things being equal, such as interest rates).
IIRC Oracle of Calgary has posted other threads about the demise of Calgary and its economy, so how much can you read into their thoughts? Likely about as much as you can into anything that I post deriding the Conservatives!