Reply to Saving for college vs paying off house

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Pay off the house! You never know what it coming. Your child may get scholarship, decide to go a different route than college. Once the house is paid off you will be amazed at how much easier it is to enjoy life. Plus, stock market investing is a bad idea right now. Market is overinflated and bound to correct. 
[/quote]

+1. We're in our 30s and paid it off in our 20s. No regrets. We're still saving for college, but our retirement is essentially covered by a paid off house.[/quote]

...what kind of house do you live in that your retirement is covered by a paid off house and you're in your 30's? [/quote]

I mean that if necessary, we could pay our property taxes,utilities, and food via social security if we didn't have any savings or income beyond our house. It wouldn't be the fanciest retirement, but if necessary, it would work. The only house it takes to make this work is one that's a.) paid off and b.) has manageable property taxes. This is essentially the main retirement strategy around the globe (owning your home), along with [b]being cared for by family.[/b][/quote]

This is a strategy?[/quote]

NP here. We have a seven figure income and have a similar mindset as pp. If anything were to happen to our incomes, we'd have a home to live in and no mortgage to pay. Our strategy is to pay off house first and then invest every penny we make.[/quote]

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