Ideally, the real estate sales people will be able to articulate the financial benefits of a paid off bond. In my case, it is about $1600/year (non tax deductible) with an effective interest rate of about 5.5%. I paid it off. I look upon it as part of my diversified portfolio.
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Originally Posted by Challenger
Show me the data that supports this premise. The is never any guarantee that the next sale will be comparable to anything.
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