Reply to If you don't have a 15 year mortgage, you're living beyond your means?

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Reply to "If you don't have a 15 year mortgage, you're living beyond your means?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I think it is dumb to tie yourself to a 15-year mortgage.  Get a 30-year mortgage and make double payments.  This gives you flexibility if, for example, one or both of you lose your jobs and you have cash flow problems for a month or two.  Apparently your idiotic plan worked out for you and your husband, OP, but it isn't the best choice.[/quote]

OP, here. Why would either of us lose our jobs? We're both highly sought after and star workers? Besides, we have a 12-month+ safety net in liquid savings outside retirement. Just feels like people in DMV are way too invested in their homes, many house poor, and not diversified enough across a balance of assets, amenities, and experiences.[/quote]

OP the PP is right. It is so easy to add extra payments no one needs to take a 15 year one

Please learn math and percentages and interest rates seriously.

Ikea furniture omg I love Ikea and I live in a home that is worth north of $10 million and own multiple homes outright. Take trips as you do on a private plane yeah upped you on that one and like PP said your plan is "idiotic". We have never lived hand to mouth or overspent ever. I come from very poor background money is safe to me it means my family has food on the table. I buy things on sale. I use coupons, and I never ever buy a top-of-the-line car. A CRV ends up at the same place as a Range Rover.  All of this is my choice.

I say this all with a grain of salt. I in no way do not understand how lucky we are.

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