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I agree with that! I am just a bit resistant to the view that people give out that it is never a better idea to pay down mortgage at current interest rates because shares on average give a better return.
If you've already bought the property, then what you do with paying the mortgage is a guaranteed return / saving. That's not something to be sniffed at, particularly if (as at present) you might worry about whether equities are overvalued.
andyfallsoff
@Belagerent
Most people say don't rush to pay off the mortgage because you should be able to make more than the interest in the market, but also most people pay off the mortgage anyway because it's attractive psychologically.
It may or may not be better. You guarantee having a roof over your head, but maybe the value of that roof drops like crazy and the drop coincides with you needing to move.
I think that people should look at their property as another investment, ie when you look at the spread of all your assets Inc property, are you happy with how they're balanced and if you want to over pay how do you feel about moving that balance further towards property.