[EvilCapitalist]

One reason I’m glad to be debt free. No mortgage, no car payment.

[dowcaet]

Dittoes. Paying off the last of my credit card debts a few months ago was a huge relief knowing the rough financial times that we’re heading into.

[MGunny]

Just about debt free, then going off grid.

[SamAdams76]

Actually a fixed mortgage is probably not a bad thing to have as you will be paying your house down in later years with dollars that have less value due to inflation.

When my father bought his first house in 1968 or so for just under $30K and he spent my whole growing up years in the 1970s grumbling about his $152 mortgage. By the early 1990s, when the average mortgage was well over $1,000/mo, he was still making that $152 payment, but not grumbling all that much by then.

He then sold that house for about $300K and retired down to Alabama where he paid cash on a double-wide and had plenty left over.

Of course being debt free is great but if you have to have some debt, let it be a fixed rate mortgage with a decent rate.