Comments on Saving to Inve$t: Paying off your mortgage - what would you do with ...

@ FZ. Not a problem, it was nice to see such a pos...

2008-08-04T11:39:00.000-04:00

@ FZ. Not a problem, it was nice to see such a postive set of posts. I, like a number of bloggers, have been quite pessimistic of late (thanks for pointing this out pfstock). So it was nice to see a change of attitude. I also liked the amount of detail and comment feedback you provided. Really got me thinking about the whole home buying process more seriously, cause I want to do a similar post sometime in the distant future. On a seperate note, I saw your feedcount jump by about 50+, nice. What was the visitor jump? When MSN featured one of my articles a while back, it brought my daily visitors to 1000 for the day (as opposed to 200 on average).

@ Curt - I think waiting is what all the commenters said and recent reports confirm this. I will start looking now to identify the house/area I want, but will wait to pull the trigger and it may be well into next year. Good plan with the 15yr mortgage. I need to look into it more.

@ lrtaxprep - Fair point and 2010 looks like the consensus as the best time to buy. See my above response as well.

Good plan, however I am in agreement with others, ...

2008-08-04T08:51:00.000-04:00

Good plan, however I am in agreement with others, you might rethink when to buy as most economic forecasters are looking at 2010 before the housing market recoups.

I think you should consider waiting another year o...

2008-08-03T16:18:00.000-04:00

I think you should consider waiting another year or two before buying a house. Then, you should buy a home that you can pay off in 7-10 years and get a 15 year mortgage. After 10 years, pay it off. I believe this is a optimum strategy.

Thank you for the press! I am less optimistic abo...

2008-08-03T15:48:00.000-04:00

Thank you for the press! I am less optimistic about the housing market recovery. I'm thinking 2010 is when it'll start to get moving again.