Thread: Exit Plan
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Old 08-10-2001, 01:15 AM
Barkleymut Barkleymut is offline
LawnSite Bronze Member
Join Date: Jan 2000
Location: Richmond, Virginia
Posts: 1,117
Actually paying off your house early is a very bad idea. Early on when you have a much higher proportion of intrest to equity its not a bad idea, but also not a great one. Folks who paid so much extra in their house during the 90's missed out on huge cash that could have been made in the stock market. Also if you want more money when you retire then stay in the same house until you own it! Look at a principle/interest chart and you will understand, plus those realtors make a killing on you.
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