Quote:
Originally Posted by glgene
Curious...would anybody care to guess what % of persons who buy at TV (say, over the past 5 years) take out a mortgage on their house?
My uneducated guess would be less than 30%. Am I high, low, or close?
Again, just curious. I have no special reason for asking.
Gene
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I would guestimate that most retirees have owned and paid off many homes in their lifetime and WOULD NOT want a mortgage later in life....meaning after retirement. We paid off our mortgage in our mid 40's and would certainly not want another one in our late 60's. Deduction or not for tax purposes.
It's more a peace of mind thing.
So, I would say for us no mortgage.