Originally Posted by
Trip7
For me, liquidity is a better peace of mind. If all else that you stated above is equal, and the extra mortgage payments were placed in a savings account, the liquidity and the tax savings from the mortgage interest deduction puts you into a far more superior position in a downturn vs years of paying down the mortgage and reducing your liquidity.
Furthermore, investing that money on a strict value based approach likely leads to a far FAR better financial position in a downturn.
I will agree that for many who see investing as Yolo'ing into Nvidia stock(or Calls😂
paying down the mortgage is better
I guess at the end of the day we should be grateful for working hard and getting to a major air line. Arguing if it's better to have a mountain of funds or a paid off house and slightly smaller mountain of funds.