Quote:
Originally posted by ThrashersFan
Bought it in 2000 and got a great deal (only $250k). I lead a boring life and put every bonus check towards the house. I figure that law is now a volatile profession and I want the hubby to be able to support us if he needs to so I figured paying down the house was a good idea. I also stuffed away cash so that if I become unemployed tomorrow I can supplement his income for 2.5 years and we don't lose the house (of course, our boring life would become even more boring but at least they wouldn't have to film the armed standoff at my home when the repo guys came). My life revolves around paying off debt -- I don't think I would recommend it to anyone because I think the stress is killing me (but at least my hubby will have a mortgage-free house. That bastard.).
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This is absolutely the smartest financial thing you could have done. Smarter than equity investments, smarter than maxing out your retirement. Seriously, you are my hero.
Even(housing just now dropping into an affordable range in the urban core -- in the heyday, 500k for a 2/1)Odds
