Date: Fri, 19 Jan 2007 13:59:34 -0600
From: "kastnna"
Newsgroups: misc.invest.financial-plan
Subject: Re: When do most pay off their mortgage?
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=XBS/
You and the "average people your age" are apples and oranges. Most
people don't keep their first house as an investment. They 1031
exchange the equity from the first house into the second. All things
being equal, many people only pay for one house in their lifetime. You
are paying for two.
Look at it this way, if you sold the rental today and put the money
towards your home mortgage you could shave a number of years off of
your payment schedule (unless of course there is a large price
dicrepancy in rental and residential). That may put you more in-line
with "average people your age".
Feel confident in your decision; you seem to be doing okay. You'll have
twice the equity 11 years from now too!
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