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Reply to "We are officially mortgage-free!"
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[quote=Anonymous][quote=Anonymous]The total interest on my loan added to purchase price would mean 30 years after I bought it, I’d need to be able to sell it for 25% more than I paid. Right now it’s sitting around +30-40% 5 years in. Inflation adjusted I’m paying about 1000 more month PITI than what my rent was for 700 sf 1 bedroom 16 years ago. My income has gone up by over 10x in that span. [b]If we are going to celebrate the people who borrowed and couldn’t wait to get out from under it because it was such a strain, we should also celebrate the people who have used leverage effectively to build wealth while staying well within their means.[/b] [/quote] Fine, go start your own thread celebrating that. No one is stopping you. But you folks never do that because what you really want to do is smugly assert to those of us who hate debt that your way is superior.[/quote]
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