Re: Read Estate: Never pay off land?
ElaineMonster,
I didn't mean to sound harsh with "lack of discipline". Many sophisticated home owners know they can make more if they invested their extra mortgage payment instead of paying down their homes, but they don't because they realize they might end up spending the money instead of socking it away in a mutual fund or other investment vehicle. They know they "lack the discipline" to put the money away and fear they might spend it so they put it in their home since they can't touch it and withdraw the money.
These people they are better off doing this. If you have the discipline you shouldn't be paying off your home quickly. Just my opinion.
-Ernest
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