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Hi, Intrinsic Value, with PPOR, people work differently. My sister bought an oceanfront property in 03 for 600K. Paid off in 5 yrs. They also own apt in Melbourne & Sydney. Probably extreme example. All her friends [turned 60 last year] own PPOR with no mortgage. Her daughter will...

Hi Boz, I;m not sure that people don;t pay down their mortgages. The data may not be specific enough for that conclusion. I know most people on this forum won't pay P&I and I'm one of them. Anecdotal evidence suggests the opposite. Around me, people pay off hundreds of thousands. My...