Quote:
Originally Posted by Orruar
[You must be logged in to view images. Log in or Register.]
Hmm, pay off some of the 3.5% mortgage or put that money into a bond fund that will gain 5-6% like clockwork. Hell, plenty of blue chip stocks consistently yield 5%+ on dividend alone. Even if you just hold and it never appreciates, you're better off doing that than putting it towards the principle. Add in the fact that the federal reserve is dedicated to inflation, and you're just crazy to pay off a mortgage whose inflation adjusted interest rate is effectively negative.
|
Why gain 5-6% when you can collect rent for properties pay them off and make more than 5-6% of the property value every year?