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Just Pay the Mortgage!
November 11, 2008 by RedondoRealtor · Comments
Mark Cuban, yes that Mark Cuban that owns the Dallas Mavericks shares his personal take on all the current financial issues that are making the headlines and creating anxiety for everyone. You can read his personal blog HERE ….how ironic he’s the original MAVERICK!
From his post today:
“So whats the difference between being underwater on a mortgage and underwater on a stock ? Is it that “experts” will tell you to hold the stock in hopes of it going up in value and then explain that those with homes worth less than their mortgages shouldn’t feel bad about breaking their mortgages and defaulting ?
I think “Buy and Hold” for
stocks is one of the all time great marketing scams. Ignore it. Always.
“Buy and Hold” for your
house is a mantra you should always live by. The difference ?
You can live in your house.
You get utility from your house. You may get a deduction for interest paid on your tax bill. You can develop a positive emotional attachment to a house.”
How original, just pay the mortgage and enjoy your home!! It’s way more than just an INVESTMENT!
And He has Anxiety TOO!
