patrick.net

The problem is nobody buys a house, They play the mortgage casino.

I bought a house committed to paying it off as quickly as possible.
It used to be that was a stupid idea, because your money made you more money in the bank, or other investments. Now that's not the case, the safest investment you've got is your house. Regardless what the market says is happening to the price. Your greatest assets to you, is paying off your house the fastest minute possible.
After that your greatest expense is gone. From then on, you can just save or invest your money.

"It used to be that was a stupid idea, because your money made you more money in the bank"

Please show me a time when savings accounts paid a higher percentage than mortgage rates. One time in history.

"or other investments"

You don't think stocks have been beating mortgage rates?

NuttBoxer says

Americans buy existing homes at fastest pace in a decade

I bet you are kicking yourself for not buying a home when you had the chance.
It's still a great time to buy. Home prices will never ever be this low again.

Strategist says

I bet you are kicking yourself for not buying a home when you had the chance.

It's still a great time to buy. Home prices will never ever be this low again.

NuttBoxer says

No spoilers! 90% of people DON'T want to know what their future holds

http://www.dailymail.co.uk/sciencetech/article-4248960/Most-people-don-t-want-know-future.html

Strategist, if you give me the figures on the amount of money you've los.. er invested on housing, I can show you how much more you could have made over the same period investing in gold and silver.

But then you wouldn't be able to keep you head in that hole anymore, blowing sand out your mouth about crap-shacks with huge debt that qualify you as a millionaire.

NuttBoxer says

Strategist, if you give me the figures on the amount of money you've los.. er invested on housing, I can show you how much more you could have made over the same period investing in gold and silver.

I have never lost on any real estate i have ever owned.
The highest I made was 30 fold on a vacant lot.
Real Estate has been very kind to me. Gold never even came close.

Tenpoundbass says

After that your greatest expense is gone. From then on, you can just save or invest your money

Actually you still have repairs/maint, increasing property taxes, and in some cases increases HOA dues (and no mortgage interest deduction) 😀

But I agree with you, it's still your best best.

I am waiting for patrick to say " RE " is your best bet,
then i will know it has topped.