Reply to Americans locked into lower mortgage rates have been increasingly unwilling to sell their homes.

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm never moving out of my starter house at a 2.2% mortgage.  We just get used to making do with less space.  [/quote]

I feel this way too. I'd LIKE to move, but going from 1500 sq ft to 2000-2500 with a yard would triple my mortgage. I'm more interested in retiring someday.[/quote]

I’m glad everyone is posting these so people can understand the buffoonery that is the “never pay off your mortgage” argument.

Money is supposed to serve your life; your life is not supposed to be lived in service of money.  But for these posters, a 2.5% mortgage is worth living your entire life in a house that you’re not happy with. Makes total sense.

And it gets to the broader point that while paying off your mortgage early will result in a lower retirement account balance at age 65 in nine instances out of 10, it provides so much flexibility and peace of mind that it’s almost unquestionably the right thing to do in most cases.  [b]There’s a reason that many, many rich people buy houses in cash.[/b][/quote]

Your whole post is BS.  But very few rich people pay cash for real estate. They just don’t use traditional mortgages.[/quote]

Their argument comes from the 'be rich' school of investment advice [/quote]

I think it’s the argument that to be rich, you have to do what the rich do now that they’re rich, rather than how they became rich.

And there’s not a multi millionaire in America that didn’t use leverage to build wealth.[/quote]

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