See this at: csmonitor.com| Added on 08/10/05

"The issue isn't downsizing, but getting the money out of the house," says Mr. Daum. "Most people think, 'Pay off your house, pay off your house,' but that's the worst thing you can do economically.... Anybody who has more equity in their home than... See more

"The issue isn't downsizing, but getting the money out of the house," says Mr. Daum. "Most people think, 'Pay off your house, pay off your house,' but that's the worst thing you can do economically.... Anybody who has more equity in their home than liquidity should be assessing their mortgage and equity in context of their whole financial structure - investment strategy, tax strategy, diversification strategy - and err on the side of liquidity." See less