Your HOME, is it an investment or not?
More often I hear people say that they have a good investment in their homes and they do thier best to get rid of the mortgage and have it out-right as their beloved homes.
Ok to me, my home is a piggy-bank. Like a piggy-bank, I put in it little by little everymonth. And exactly like a piggy-bank, if one day I need all the money I saved in it, I would have no home anymore, I have to break the piggy-bank to access the whole money. Then with some of it buy another piggy-bank, may be.
So, while, my home is not a real investment, why do I have to own it out-right. Why shouldn't I take money out of my home, while I have the nergy to work and this time invest it in a place that brings me some positive cashflow? Such as another piece of real estate?
Just a thought! 