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Money and Finances
Reply to "Buying past "prime" home buying years"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Most people in this area don't pay off their houses unless they bought before the 80s. They just sell and move to a cheaper area for retirement.[/quote] Not true. I'm a millennial with a 15 year mortgage, which I will pay off in my late 40s. I personally wouldn't take on a mortgage I wouldn't have paid off until my 70s. I saw my parents' friends do this and it made a huge difference financially for them. I'd instead invest the money and stay in your current home or find a home you can afford on a 15 year mortgage. [/quote] PP said "most people" and I think he/she is right. We could pay off the remaining balance on our 15-year mortgage now, but choose not to. [/quote]
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