Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: speekinout
I wish someone would tell me a good reason to pay off a house. I don't know one.

Because once it is paid off you can get by on a lot less monthly income. That means you could take a job that didn't pay as much, but that you really liked.

49 posted on 06/02/2003 6:12:31 PM PDT by E. Pluribus Unum (Drug prohibition laws help support terrorism.)
[ Post Reply | Private Reply | To 41 | View Replies ]


To: E. Pluribus Unum; Dog Gone
So when you pay off your house, will you have enough money to keep it up, pay emergency medical bills, buy an occasional car and take a vacation?
If you're sure you'll have enough cash for all of that, then do whatever makes you feel better.

Just remember that you can get a mortgage while you're working, but once you retire, all of the money you have in equity is tied up there. You can't likely get it for anything else.

121 posted on 06/02/2003 7:43:38 PM PDT by speekinout
[ Post Reply | Private Reply | To 49 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson