Quote:
Originally Posted by OrangeBlossomBaby
Depends on your investments.
We had to borrow against ours just to afford our house because of our particular circumstances. If we die together tomorrow, our "estate" won't owe anything to our investments (which are actually insurance policies with nice cash values), and it'll get a house that it owes nothing on. No debt collectors at the door of our next of kin demanding their payment.
We have nothing, but we also owe nothing. I personally feel this is the best option when you're older.
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It all depends on your "comfort" level not sleeping well or a constant uneasiness is no way to live, reducing one standard of living at this point in life is cause for depression. On the other hand as many have pointed out all the financial advantages , taxes, appreciation of a single family house argue for some level of leverage and investing the difference ,, but first and foremost your comfort level