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

quote:

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If you finance a house for 30 years in your 20s and you pay the note and the next month's principal every month, you'll pay it off in 19 years and you won't pay any interest at all in the last 6+years of the loan. Nothing wrong w/ Dave Ramsey, I'm a big fan of 0 debt.

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It sounds and feels great. It’s great for the average Joe.

When you realize that the bank is offering you a 30 year 4% loan denominated in a currency that’s being debased at 10% per year, that interest seems pretty insignificant.

42

We moved around a lot for career reasons, so kept resetting our loan situation.
And now, even having enough money to wipe it out, the loan has such a low interest rate that it makes no sense to pay it off.