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Born in Lynchburg, Virginia, lived in Appomattox, Virginia for one year and have been in Lynchburg ever since. [Jerry, be a friend, do not look up my year of birth, suffice it to say I've been here more than half a century]
Despite my advanced years, I can still climb mountains:
Originally Posted by matt_inva,Dec 16 2005, 12:22 AM
So, so far, we all have equity in our houses. According to Ric Edelman, who has authoured several best selling books on wealth management. One never wants to pay off one's mortgage. As the tax right off and equiity can work for you. Whereas if you pay off your mortgage you loose the itemized deduction, as well as the associated benefits.
Any thoughts on this?
It only makes sense if you can itemized. For the past several years the 'standard' deduction has been more advantageous for us. But, the good thing is the house and all the cars are paid for. So living within your means provides some nice peace of mind.
I've lived in La Crescenta, which is really Glendale, since 1981. My wife, Anne Marie, and I bought a house there after I sold my company first company to Jacobs Engineering in Pasadena and I had to stay as an employee fo awhile to get my money out of the deal. I've lived in LA all my life, except for duty at Lackland AFB and Brooks AFB in San Antonio. I was living on the beach in Marina del Rey when Anne Marie moved in next door. I grew up (well, maybe not) in Westchester.
I've been in Los Angeles county (North Hollwwood, Sylmar & Acton) all of my life, except for 2+ years, in San Diego (La Mesa). It bothers me how crowded LA is now. That's why we got out. Do you mind it?
But, the good thing is the house and all the cars are paid for. 
