Pay off the mortgage then you have an insane amount of money to invest.

Isn’t a home one of the worst investments a man can make?

There is no world in which this makes sense.



Owning a home is a good investment in most places. Even if it doesn't appreciate at a certain point you are living there for free since you own it. In some circumstances renting can be better, for instance in some really expensive areas you will rent for significantly less than a mortgage payment, but that's rare. I pay about 20% less in mortgage than I did renting the same place.

i'm renovating my basement using a heloc atm, haven't decided what to do with the cashflow once I rent it out yet

Hard decision since interest rates are going up. I never thought I would say this, but it might be time to start looking at Bonds lol. However, if you invest in stocks then I wholeheartedly believe that you will be very happy that you did so in 15 years. If you invest in real estate, I believe the only way to invest right now is to pay cash

-Spell checked my drunken fat fingers with the edit lol

This post was edited by Choselton2017 on May 9 2022 06:36pm

You are allowed to be wrong.

If you pay down your mortgage then by definition you have less money to invest.

Your comprehension was not sound on what I said apparently.

Pay off the mortgage would mean totally paying it off. Then you will have a lot of money to invest afterwards. For instance i put 15% of my cash into investments then the rest into mortgage. After the mortgage is paid off i will be able to easily put around 40% of my cash into investing.

Or you could just not pay that extra into your mortgage and instead invest it, thereby investing more in literally every situation, assuming your interest rate is locked.

This post was edited by NetflixAdaptationWidow on May 9 2022 06:42pm

That simply is not taking risk into account. A paid off house will not only give you that much more to invest but also a peace of mind that is unmatched.