According to the demographics that the Daily Sun sends out to advertisers, over half the sales are paid in full without a mortgage.
Think about it - you bought a house up North, in the '70's for $40K. You are much older, the kids are on their own, you can't stand the cold, etc. so you sell for about $700K and, after expenses, you net $600K profit. The first $500K is non-taxable so, you pay $20K tax on the remainder. You now have $580K - plus savings - to spend for a new house in a warmer climate.
Put 50% to 65% down, get a very low interest, pay what the higher interest rate required and you can be mortgage free very quickly.
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