Depends. How much is it worth to flex that your house is paid off?

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Dec 18, 2024
11:40:03am

maxpowers All-American

Depends. How much is it worth to flex that your house is paid off?

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maxpowers

Bio page: maxpowers
Joined: Sep 22, 2010
Last login: Dec 18, 2024
Total posts: 39,026 (6,632 FO)

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Messages

Author

Time

POLL: Is your home (primary residence) already paid off?

Pollster QB2

11:04am

I have 27 more years locked in at 2.625%, why would I pay that off?

Gente_Boa

11:05am

Depends. How much is it worth to flex that your house is paid off?

maxpowers

11:40am

Having it paid off would be costing me $26,550 per year

Gente_Boa

1:36pm

Agreed, I'm in the same boat at 2.75%, doesn't make sense to pay it off

therock

1:34pm

Do you like paying hundreds of thousands of dollars to the bank in interest?

Covid-19

4:02pm

Would have but refied 100k at 2.75% a few years ago. Still trying to decide if I regret that or not.

timpjynx

11:09am

If I did, for some reason, pay my house off… I’d just sell it and

Pretorian

11:13am

I know there are good arguments for not paying off mortgage with low interest

Hoopster

11:43am

"Completely out of debt" - until the tax bill comes.

Pollster

11:44am

Property taxes are with you with or without a mortgage and the tax deduction for

Hoopster

12:14pm

Sure and if you had invested that money you would have even better opportunities

johnnybyu

12:26pm

^^^^

Pretorian

1:57pm

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