this is asinine and a terrible statement ... if you cant see that i cant help you. you have 10s to 100s of thousands sunk in your house that missed that run up b/c you paid it off. it made whatever houses appreciated at in your area - which is wait for it exactly what houses would have made without a mortgage so all that money sunk into your house essentially returned -17% Year over Year vs the stock market, b/c a mortgage could have been easily had for 4% last year ...
the concept you are presenting is an assbackwards way to think about it.
YOU CANNOT HAVE MORE MONEY IN THE MARKET b/c of a paid off house than someone who has been investing the whole time given the same starting point and funding ...
Your very statement just presents the point as to the problem with people who really dont understand math and you clearly think you're making a better mathematical choice. Just a joke.
We're never going to agree on this.
My house has been paid for, for for a long time. All I need is a little money for taxes, utilities and upkeep and I have a roof over my head for nearly nothing.
It's never an "all or nothing" thing. You can still pay off a house rapidly while investing along the way as you see fit.
People in your camp talk as if the stock market is a guaranteed steady return we can all count on. That's simply not the case and there are thousands of people who have lost everything putting too much faith in the stock market. I'll take sitting free and clear of debt with real assets, cash on hand, and other investments within my realm of control over scattering all of my money in the stock market, through a broker, in unknown companies and investments.
Having said the above, I do invest in the market and have about 20% of my net worth riding there. It's a good tool and should be part of just about anyone's investment portfolio. A paid off home is nice to be sitting on too.