There is nothing quite like having your home paid off and having in the neighborhood of $700k if "go to hell" money invested. If you are like me, in my late 50's, it means that I can live quite nicely on my pension income, interest, and my 15 hour/week part time job.
Thanks to California and those home prices, we bailed and took just over 1/2 of the equity and bought a brand new 2600 sqft home in Meridian, Idaho last year. The Idaho home has already gone up over $100k and the new houses in our sub are all over $500k. If they sell, we are gold again!
Pay off the mortgage.
Mike Holbrook
Meridian, Idaho
1992 535im, 17", Euro M5 Throwing Stars 8's & 9's, FK-451 235/45s & 255/40s, M5 Sway Bars 25/20, Conforti chip, Lowes Ram Air, glass sunroof