Quote:
Originally Posted by LivingAlmostLarge
Jim, I was considering that but he said that using home equity as part of net worth made it a bad argument because I'm comparing it to stocks. But i can't figure out how saving cash is bad.
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I did not read the replies to the blog, only the blog itself. Like I said- the blogger is a big ID 10 T type.
He did not state his objective, only his conclusion.
He refinanced a 20 year note to a 30 year note. He needs to still send the original payment just to prevent a 40-50 year mortgage payoff timeline (and that was not in the blog entry anywhere).
He is such an idiot that I will not stoop to his level to argue with him- his mind is already made up. I'll deal with a higher class of people here.