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by itake
240 days ago
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The people in the camp of payoff early often highlight the emotional safety of paying off the debt… But that logic never made sense to me, because homes are always callable: if you stop paying property taxes, Thats not your house any more. If house burns down, Thats not your house any more. Safety comes from optimizing your wealth for size and liquidity. The person that kept things liquid, leveraged into the stock market 401k etc will be much better in a catastrophic event (job loss, flood, etc) than the person that has less liquid assets and a property tax payment due. |
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