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

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[quote=Anonymous]I have a BMW and we are in the market for a new car and have ruled out any BMWs. It’s our 2nd and we’ve had expensive problems with both.

And I’m laughing at the idea of Stickley furniture being an investment. I have quite a bit of Stickley furniture - bedroom set, dining room table, living room side tables, etc. Mostly bought in the 90s. No one wants brown furniture, even with the current coastal grandma phase. I have some in the attic - it feels too expensive to freecycle or donate so I’m stuck with it. Maybe you want to buy it from me OP? That said we also have ikea furniture in our house. I love ikea!

We have paid off the mortgage on our primary home but I went with a 30 year and made extra payments. Same with the current beach house. It’s a 30 year but we will pay it off in 10. And it’s been a great investment - in less than 10 years it’s more than doubled so has done better than the stock market. It’s not liquid, but we have plenty of liquidity.

OP I’m sure I’m older than you and you will learn that material possessions are fleeting. If you love a piece of furniture or a car that’s great. But don’t love it because of the brand name. [/quote]

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