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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Everyone that says paying off a mortgage is dumb, has a mortgage. The people that don’t have one say it’s a great thing, I’d listen to them. I’ll take money advice from people that don’t have bills over people that do. [/quote]

That literally makes no sense. You'd take advice from someone just because they paid off their house? You don't care what else they're invested in, or what kind of returns they've gotten? And who says all people who pay off their mortgage have no bills? They could just as well have a lot of credit card debt, or student loans. I'm not against paying off your home, but it doesn't make you some sort of financial savant. And even when you pay it off, you still have to pay property taxes, repairs and upkeep. It's not like it's $0 for the rest of your life.  [/quote]

I have no mortgage, no credit card debt, no student loan debt. Do you?[/quote]

Same here. I wonder if this is pretty common for people who paid off the mortgage. [/quote]

I suspect it is.  We too have no mtg, no cc debt, no car loans, not student debt.  We have a nice HHI, (200K roughly), so of course, that helps.  But, I think there are people who are debt-friendly and debt-averse, and it flows into everything you do.  In some ways, it is an orientation toward risk.  DH and I are pretty risk-averse people.  I think people who are more comfortable with risk are probably more comfortable with carrying debt.[/quote]

Sure, but I think what PP was saying is: just because someone paid off their mortgage, it doesn't mean you should necessarily listen to their financial advice. You made a decision that was best for you. Congrats. But plenty of others have carried a mortgage, invested heavily in the market or used that cash to buy up other properties. And they may have come out well ahead of you. You guys act as if the ONLY sane decision is paying off the house.  :roll: [/quote]

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