Quote:
Originally Posted by Rwirish
Retire with a mortgage? Not a good move.
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I’ve owned numerous homes and condos since I retired including 6 , 5 new ,one preowned in the villages , I’ve never paid cash or have I paid the bond off on any of them ,it made no sense during these periods of low interest rates ,I bought my last one here a couple of years ago at 83, I know many others who do. the same thing . I realize many people like to have the peace of mind by paying off the mortgage and that’s fine , and there are many here that can’t afford to pay cash and others like me who don’t look at a house as a home but as an investment tool, there nothing wrong with debt , rich people use it all the time to get richer ( not me lol)FYI I do pay cash for my cars which I probably shouldn’t, but there’s that peace of mind thing I was talking about