We bought our home in 1985, and paid off a 30 year mortgage in 20 years. We did not use the equity in our home as a ATM. We are in our 70s and our only home expense is property tax and insurance, which is roughly $200 a month, an amount we can easily afford.
This was not by accident or good luck, it was part of the plan we set up over 40 years ago.
Your proerty tax & insurance is only $200 a month & that’s it? Don’t you have utilities & other small “niceties” like cable TV, internet, etc.? If you honestly get by on $200 a month, I’d like to know how.