Quote:
Originally Posted by Bay Kid
I do not believe in owing money. If I can't pay for it then I wait until I can. Just the way I was raised.
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Ours was a purely financial decision. We could pay it off tomorrow if we wanted. It has more to do with where to put our money where we feel we would get the best return. We don't feel that real estate is such a secure investment these days, especially in a location that keeps growing and growing. There will always be new housing that old housing has to compete with.
But I understand that some would feel more secure owning their home outright. Different strokes for different folks.