Submitted by 2giornot2gi t3_11dq5lt in personalfinance
landmanpgh t1_jaad29g wrote
Reply to comment by 2giornot2gi in Having a mortgage: pay off your house or diversify? by 2giornot2gi
If you take the extra money you were going to put towards your mortgage and invest it instead, your returns will be greater than what you gain in equity. You can usually get roughly an 8% return in the stock market, and hell, even CDs are offering like 5% right now. So if you keep that up for 30 years, your investments will far outpace what you can gain in home equity.
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