All Hokie, All the Time. Period.

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vt90

Joined: 12/12/1998 Posts: 44906
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I wouldn't do that for several reasons ...


1. Your return would have to be better than what your house value is currently appreciating at PLUS the interest on your refi loan and any associated closing costs.
2. Tax implications could be nasty.
3. Stock market is heavily overpriced right now and with inflation about to take a swing at corporate profits, I would NOT assume the market will outperform real estate in the near-term.
4. Having a lot of equity in your house is a good thing - you have money if you ever REALLY need it. It is a very safe investment and, depending on where you live, it has likely outperformed stocks over the past year.

(In response to this post by HokieMacDaddy)

Posted: 10/25/2021 at 10:30AM


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Current Thread:
 
  Question for you investing types -- HokieMacDaddy 10/25/2021 10:22AM
  I’m in the minority here as I just did same. Refi mortgage at 2-3% and i -- DonHo-kieHi 10/26/2021 09:06AM
  I paid off my mortgage 3 months ago. -- HokieJay 10/25/2021 8:23PM
  I think that is absolutely insane. -- GobblerCE 10/25/2021 5:17PM
  …this is your wake up call -- chumley 10/25/2021 2:37PM
  “Whenever you find yourself on the side of the majority, it is time to paus -- ColoVT82 10/25/2021 2:17PM
  VXNM VXNM VXNM VXNM ** -- BobG 10/25/2021 1:30PM
  VBNM -- WuhBuh-DC_Hokie 10/25/2021 4:02PM
  On stupid things I can do, This is up there..... Market could easily tank -- UTPr0sim 10/25/2021 1:11PM
  I second Dogecoin. To the moon!! ** -- HokieBrazil 10/25/2021 12:45PM
  I would be very hesitant... -- EDGEMAN 10/25/2021 12:33PM
  The market is in a downturn? When did this happen? ** -- Brown Water 10/25/2021 1:45PM
  Just looking at my investment statements. Definitely a downturn last QTR -- EDGEMAN 10/25/2021 6:28PM
  My 401k is up 21% for the year. I’m loving it. -- Stork 10/26/2021 05:28AM
  The Dow and the S&P hit record highs today ** -- Brown Water 10/25/2021 7:00PM
  It's coming water. -- HokieJay 10/25/2021 9:33PM
  All I said was the market isn't in a downturn ** -- Brown Water 10/25/2021 10:20PM
  True dat, it sure is. ** -- HokieJay 10/26/2021 12:05AM
  We'll see what my 4th quarter returns look like... -- EDGEMAN 10/25/2021 7:16PM
  The market is not in a downturn, just saying ** -- Brown Water 10/25/2021 7:32PM
  It's being artificially held up by the Fed. ** -- EDGEMAN 10/25/2021 7:47PM
  So not in a downturn, got it. You can say it, it's ok. ** -- Brown Water 10/25/2021 8:15PM
  Nope, our economy is in trouble. ** -- EDGEMAN 10/25/2021 8:45PM
  Only do that if you can afford to loose all of that money. If there were -- BayHokie 10/25/2021 12:29PM
  Depends on a lot of factors -- HokieAl 10/25/2021 11:59AM
  Don't -- 1987Hokie 10/25/2021 11:45AM
  Doge! ** -- ModerateHokie 10/25/2021 11:35AM
  Thanks everyone - that's about what I figured ** -- HokieMacDaddy 10/25/2021 11:28AM
  I would not do it... -- Hungry Joe 10/25/2021 11:28AM
  The play is to retarget your existing cash + portfolio to impending doom -- Vtskier1 10/25/2021 11:12AM
  Put it all in Dog Money ** -- Happy Dog 10/25/2021 11:05AM
  Ain't legal . . . and ain't tender . . . -- MikeVT85 10/25/2021 4:01PM
  Scratch-off lottery tickets. ** -- HokieNoVA 10/25/2021 11:02AM
  Don’t ever do this ** -- VT Pops 10/25/2021 10:55AM
  Lieutenant Dan got Forrest invested in some kind of fruit company. (pic) -- Spud 10/25/2021 10:55AM
  If you just do the math, borrowing money at x% to invest that returns x+y% -- Tafkam Hokie 10/25/2021 10:53AM
  Plastics + Orange Juice futures ** -- FfxStationHokie 10/25/2021 10:51AM
  I had a friend that lived in DC area when prices really went up -- bigbadbird 10/25/2021 10:45AM
  Pork bellies ** -- Brown Water 10/25/2021 10:44AM
  That's opposite of diversification -- HokieForever 10/25/2021 10:39AM
  Looks like there is a diversity part of the equation -- turkeywinghokie 10/25/2021 10:37AM
  Buy all Bitcoin- just don't lose the password ** -- bigbadbird 10/25/2021 10:36AM
  Pay the house off, then invest/save -- JoesterVT 10/25/2021 10:36AM
  If your friend did that, he is certainly up and boasting about it. -- HokieSignGuy 10/25/2021 10:31AM
  I wouldn't do that for several reasons ... -- vt90 10/25/2021 10:30AM
  1) you're not an idiot? ** -- bigbadbird 10/25/2021 10:37AM
  Do you have a way to pay off that loan if you lose value of your stocks? -- jmanatVT 10/25/2021 10:29AM
  Yes- gamble with your house- do that - brilliant ** -- bigbadbird 10/25/2021 10:25AM
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