Quote:
Originally Posted by Snave
Maat55,
The challenge you have when posting your views about Dave are that there are many people on this board that ARE financially savvy. You said that you agree with Steve that his plan would work. (in regards to the 30 year vs. 15) because he is disciplined unlike a lot of others. I agree with you on this. However, there are a lot of people on this board that are just as disciplined. While this baord does attract a lot of people that are looking for advice such as Dave would give, it also attracts a lot of people that are financially savvy. I think that is where you get pushback.
This reminds me of some of the survey questions you see on sites such as money.com or something like that when they ask if you are on track for retirement and 80% of the people respond taht they are. Well of course they are. You get a higher proportion of financially secure people on that site responding to those type of questions. That is also what you have here - and where you get pushback. I am not saying that Dave's advice isn't good, just that there are other options that are equally appealing to some.
So, keep on spouting your Daveisms. That's what we like about you... and it works for you. As for me, I'll just keep on investing the difference in my 30 year mortagage vs. a 15. It's what works for me. In the end, we both will be "living like no one else" and "walking through the grass of our paid off homes." We will just have gotten there by different routes.
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Yes, the people on this forum are financially savy. And yes, the 30 if extra invested, is a good plan. But statistically, when the average gut gos house shopping with mindset of a 30 year note, what will happen in most cases? Second, even if he buy's less house so to invest the difference, how many of those proceeds end up getting invested? I'm not trying to advise you guy's. just the average guy's. A 15 ( most times I use 20) year note, means the buyer has to shop for less house and make a better investment. In most areas of the country, your home does not end up being much if any of an investmetn but rather a liability. This liability is taking away from the average guy's retiement investing. Thats my argument and I'm done with it.