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Old 01-17-2008, 08:43 PM
beartrack1
Guest
Posts: n/a
Default Re: The Economy: Maintain a mortgage or pay it off?

Steve,

I really enjoy this back and forth with you. Good stuff ! Probably because we are both from New York and everyone knows how calm, patient, low key and laid back we New Yorkers are. Fortunately for us, we do not need the proceeds from the sale of our home for living expenses. We fully intend to buy a home in TV. But, TV is so different and so large, we are finding it difficult to decide how to approach buying right now. In addition there is this crazy housing market. I think that by renting long term, with an escape clause, will give us the time we need to let the dust settle and make a better informed decision.