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If paying off the mortgage makes such economic sense, why would the wealthy individuals in Stanley and Edelman's books choose to carry a mortgage even when they can easily pay it off?

First I must say that I haven't read any of these books, but I must ask how many people are in these books? Do you really think this is a representative sample of the population that we are discussing? I don't know; I'm asking.

The reason I'm asking is because I have known several millionaires over the years and none of them carried a mortgage on their house.

I have also known several people who had assets of over a million dollars, but net worths far less than that, who did carry a mortgage on their house, could this be the difference here?

Curious,
e
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