patrick.net

Sounds like you're already planning on defaulting.

The person who recently posted about taking out an IO loan in 1980 instead of a 30 year mortgage made an interesting point, given the immense appreciation the stock market has seen over the past 30 years -- 800% plus an average 2.8% in dividend.

Just investing $750/mo 1980 through 1989 ($90,000), and letting that ride for 20 years would give you a holding of $1M today ($600,000 in appreciation and $300,000 in reinvested dividends).

I went into that question thinking real estate trumps all, but left humbled at the power of the S&P index since 1980.