re: How old were you when you finally paid off your house (i.e., owned it free and clear)?

quote:

---

lol big assumption buddy...

---

Not really. You were laughing at the term homeowner in the other thread and can't even answer this question. Pretty obvious.

im hopeful you read my response

I'm 83 and still have a long way to go before I own Casa Blueridge free and clear.

quote:

---

I'll be 55 when ours is paid off

---

About the same. I could pay it off earlier, but my rate is 2.3% so there's really no incentive to do it.

quote:

---

55 and paid cash

---

musta been elite at slayin' possums

35. Might not have been the smartest move. Some would argue you're better off investing your extra money instead of paying down the house extra.

And I get that argument.

But I remember Dave Ramsey asking a rhetorical question on that subject: if you had a paid off house--would you borrow money against it for other things?

My answer to that was no, so I paid mine down aggressively.

Bought for about 255 in the early aughts for the house. Worth about double that now.

I've been able to catch up after that (early fifties now) but I'm sure numerically I might have done better being more aggressive iwth investmetns during that time.

But I haven't had to worry about a house payment for over 20 years.

Current mortgage is 1.685%. It'd be a fool who'd EVER pay that off. Its a 30 year mortgage with 26 left on it so it will be at least 26 years. Only regret is we used more cash as a down payment than we should have.

Next year, hopefully

I will let you know in about 30 years.