should we pay off house
we are now retired and wondering if we should pay off the house. some say never pay the house off, not really sure why. house interest is 4.3% can only get 3% guaranteed interest on money. in...
Forum Discussion
pasusan wrote:JAXFL wrote:This is true. We have paid everything off as quickly as possible and have paid very little in interest our whole lives.
bbaker2001
If you own the house it will NEVER be paid off. I finished making mortgage payment a few years ago but I still owe on it... There are taxes (hundreds to thousands a year)every year, there is insurances, there are utilities, there is repairs, there is yard work, it never ends... that is why a lot of people go with FULLTIME... yea you have bills there also but not as much as owning a S&B/
But - the expenses are still there. I was shocked to find it costs us $10,000 per year to live in our paid off house. Just with taxes, insurance, utilities - the bills just keep coming. And that doesn't even include general upkeep and maintenance. UGH!
It does feel good to have have no monthly payments that include interest... For what that's worth. :)
No matter what type of residence you live in it's going to cost.
Heck even a grave generates annual fees.
May all go as you wish, bbaker!:)
