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Old 01-17-2008, 03:01 PM
beartrack1
Guest
Posts: n/a
Default Re: The Economy: Maintain a mortgage or pay it off?

Muncie, Barb and Boomer, thanks, good responses all. Muncie your points are well taken and worthy of consideration. Barb, money is not the issue for us, just the quest to make the right decision and as Boomer suggests, that may take a little time. I must agree with Boomer's assessment of rent versus buy. I have been investigating annual rentals in TV and they are not as expensive as you suggest. in addition, the interest on the money from the sale of our current residence will more then cover the rent. So far I believe that this downturn is not going to change as quickly as downturns have in the past. And once again, as Boomer suggests, we may find ourselves in "The Catbird Seat" I think that this is the perfect climate to wait and see. I am looking forward to more opinion,s. As you can see, they are a big help.