Those are all good points, but I'm not sure that it takes into account that after 10 years, I have a great deal more disposable income which could also be invested.
Or maybe it does. Sometimes economic analysis makes my eyes glaze over.
Another problem for me in most economic analysis is that when you discount large sums of money 10 years or more into the future into present worth, you end up with peanuts anyway, especially if you use discount rates of 9% or more.
Hmmmm, much to think about.
My wife and I owe $44,000 on our house and we are in the process of paying it off in one payment with the money from our brokerage account. Making money in any investment is a crapshoot in these times. I invested in realestate starting in the 60s and at 70 years of age it looks like I made the right choice but it might not be the thing to do in Ca today.