Quote:
Originally Posted by Smooth 330i
With these low rates it doesn't make sense to pay off mortgage if you invest the same amount and get 4% or more. Debt is not always bad.
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I'm still curious how a person pays off his house by 31. Get out of college, first job pays 70k. Works like a SOB and gets along with everybody, ends up making double that before 30. Realistically maybe bought the house at age 28, because starter homes are at least 500k these days, so I don't see someone saving up the downpay earlier than 28 (125k?). yet it's paid off by 31. Just like to see the technique and how it's done by a 31 y.o. master.
