Also, improves your position in pricing should rent prices turn bearish unexpectedly during your vacancy time so you can be flexible in pricing in negative economic environments.Con's are more on the side of the whole concept of using the long term locked-in period with the bank essentially utilize inflation to 'short the dollar', as well as the more rapid diminishment of the mortgage interest paid tax advantage.All in all it is safer in a lot of respects to get to that property free and clear, but the major downside is missing out on the additional value that is derived from the power and monetary benefits that come from having a healthy expose to mortgage and other forms of financial leverage.

We need monetary velocity but not so much monetary supply.2.

Why would he do this after spending all that time and money to do his youtube set up in his home, even if it's not for monetary reasons?

Here are some general thoughts and ideas on where things could go...I read an interesting paper last year put out by the International Monetary Fund (IMF) that hypothesized that the national debt can pretty much grow infinitely without destabilizing the economy or ever causing a fiscal collapse. 

Then when you reach a monetary goal such as enough for a downpayment, you go in and pull out the money or just wire it from the account.

The good news is that there can be steps put in place (such as simple, measurable non-monetary productive outcomes) that get the student close to the finish line with certainty and working within a new environment.

Better yet, have punitive monetary penalties written into the lease if they don't move out in time.

Ideally, if REI allows us to live the life we hope to have, we will have a lot more flexibility to volunteer our time as well as having more monetary resources with which to help others.

They also have strict rules for renters about sharing the kitchen, cleaning, etc. with monetary penalties for not complying. 

This includes monetary benefits such as increases in equity, increased cashflow, decrease in taxes, and potentially increasing property values through appreciation.