No. of Recommendations: 3
"Idiots" was your word and "usually" was mine.
Both are wrong. Those of us who pay off houses are not idiots and not usually ignorant of personal finance. It's arrogant to assume we are.

You can have both liquid assets and a paid for house - and both provide security of different kinds. I have no idea why one would assume it's all one (paid -ff house, cash poor, no savings) or all the other (leveraged out the wazoo).
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