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I think he has some good ideas, but I also reacted with total disagreement with the rule about keeping the mortgage. And no, your home WON'T appreciate no matter what. Look at some of the possibilities for over-priced houses around Silicon Valley, for example. Or watch formerly good neighborhoods go to pot and you'll see there are lots of factors in appreciating value of real estate.

I would rather pay a little extra money for the peace of mind of owning my safe haven. If I'm ever out of work by force or by choice, that's a significant amount of money I won't have to come up with each month to pay the mortgage. In a market like this, it's comforting; I can ride it out and keep on my long-term investment track even if I do quit work or get laid off.

Besides, it simplifies things enormously.
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