Re: How to be Setup for Life ?
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•Cooling prices. Home prices, like stock prices, don't normally double in a year or two. Typically, home prices rise 1 or 2 percentage points above inflation, currently running at 3.1%.
If this was a big concern just sell your property.
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Good advice. There are two things to consider, maximizing the value of your properties and how you finance them.
Paying off your mortgage really is a financing decision that has little to do with their value (in most cases). Property goes up, down, doesn't matter. What matters is whether you want to tie up X amount of money financing it at a Y interest rate, or put that money in an alternative investment at what you think is a better return.
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