Show of Hands

Well.. average person doesn’t have hundreds of thousands sitting around to buy a home cash

Totally paid off, as of this past March; exactly…to the day…one decade early!

Finished in 15 years. Before the kids went to college. 24 years ago.

Except for the annual property taxes…

Debt is dumb. Cash is KING. 👑

I wish we could overlay this with how much these houses are that were paid off.

My parents house I grew up in was $160,000 whereas today that same house is close to $400,000.

I was lucky and got mine before the market blew up at $350k. Now it is worth $550k which is an insane change in just a few years.

No one really ever owns their home. If the government can take your property for nonpayment of taxes, you don’t own it. If government can take your property under eminent domain laws and hand it over to a developer, you don’t own your home.

We have paid off 3 in the last 46 years. My boys grew up hearing never get a 30 year note over and over!

I owe, I owe, so off to work I go.

3 years in and only $10,000 off the loan smh

Rent to own. We’ll be over 70 by the time it’s paid off.

The house I live in with my parents is paid off. I personally don’t own a house

After my divorce (about 10 years ago?), I bought an older fixer upper home for $130,000 cash. The last time I checked, it had really increased in value.

There’s no need to endorse threats of violence

Do you know anyone that can pay cash for a house? The 68 year old houses in my former neighborhood are selling for more than $2 million.

One is owned outright. The other is more than halfway paid off.

Congrats, hon!

We own our second home outright and have tenants. We are close to paying off our third and primary house outright.

Paying now but it will be paid by next year!

If something is a priority you do whatever you can to make it happen.

Well, I was down to 80k and 3% before she left me. We were on track to pay it off in 3 more years.

Now I’m at 270k and 60% for 30 years.

Ain’t that a kick in the pants?

The Real Estate sector needs a LOT more government regulation. Especially on taxes and property prices.

At 63 I bought another home. Financed 80% because i had not put my existing house up for sale. Then sold the old house and invested proceeds in something conservative that paid dividends. The intent was to payoff new house but rates dropped. I refinanced new house fo 30 years at under 2.625 %. Used the invested money to supplement retirement income and deferred taxes and pulling money out of 401ks. Never plan to payoff house as it has increased in value 40% in 8 years and interest rate on loan is at the lowest in my lifetime. Paying off house is not always the best financial decision.

We bought first home in 1958 for $10,500. Paid off 30 year mortgage in 23 years by paying extra on principle monthly. Owned 5 homes since then for cash. No mortgage ever again.

The idea of even getting a mortgage is not something I could see myself in the position to do in the next 5 years.