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2
Posted on 6/17/22 at 4:20 pm to BabyTac
quote:That's pretty much what my wife and I both have talked about when it came to life insurance. We both have more than enough to pay off our house (we're on year 13/30) and clear out other debts if one of us died. I've never looked at our house as an investment but rather a place where I can always lay my head down without worrying about the rent going up. Now inside the house...I look at any upgrade as an investment into the house. We're gradually upgrading appliances and the flooring that's been in the house since being built in the late 60s.
Pretty big feeling of comfort and security for my family if anything happened to me.
We will also eventually have my grandparents house (my dad is living in it now) which is paid off. It's a good feeling to know that both of my kids can go through life without having to worry about the shite my wife and I did growing up.
Posted on 6/17/22 at 6:08 pm to BabyTac
quote:not exactly the same thing but we downsized last month and were able to buy the new house for cash so we are also debt free.
Paid off my house today.
Yes it's a good feeling in times like these.
This post was edited on 6/17/22 at 6:09 pm
Posted on 6/17/22 at 6:13 pm to BabyTac
Congrats! I paid my house off earlier this year. I expected it to feel fantastic, but there were so many little pains in the butt that had to get taken care of that I lost a little bit of my enthusiasm. Writing a check for a couple grand to the county in April was a bit jarring too 
Anyway - great accomplishment!
Anyway - great accomplishment!
Posted on 6/17/22 at 6:16 pm to MSUDawg98
quote:
without worrying about the rent going up.
That's not exactly true, though. You still have property tax and insurance - mine comes out to about $700 a month and it increases just about every year. I think that the most I ever paid in rent was about $800 a month, so it's about on par with that.
Posted on 6/17/22 at 6:30 pm to cable
You gonna have to pay insurance and taxes either way. Better to not have a house note too.
Posted on 6/17/22 at 6:35 pm to CAD703X
True. It's just two expenses that never go away, so, in essence, it's like forever rent.
Posted on 6/17/22 at 6:41 pm to cable
I thought in La once you reached a certain age you no longer had to pay property tax since they assume you didn't have kids in the education system.
Maybe they no longer do that or I'm misremembering.
Maybe they no longer do that or I'm misremembering.
This post was edited on 6/17/22 at 6:41 pm
Posted on 6/17/22 at 6:43 pm to Weekend Warrior79
Yea, it’s just one scenario based on de minimus info
Posted on 6/17/22 at 6:44 pm to CAD703X
Could be the case in LA. It's not in my state, but at a certain age you can have a portion abated - provided you meet certain income limitations. But realistically, by that point, you're not going to be able to afford the utilities and upkeep on a home anyway.
Posted on 6/17/22 at 6:48 pm to BabyTac
quote:upgrading your home
but what would I have invested that money in during these times?
Posted on 6/17/22 at 6:55 pm to SuperSaint
What's preventing him from doing that with no note?
Posted on 6/17/22 at 6:59 pm to cubsfan5150
quote:
Oddly a quick search through your post history shows that you claimed to have refi'd for 2.8% a while back.
I’d believe that trump won before a babytac post
Posted on 6/17/22 at 7:14 pm to BabyTac
Congrats
Major life accomplishment
Major life accomplishment
Posted on 6/17/22 at 7:16 pm to TigerintheNO
quote:
Now take what would have been your mortgage payment and send it to your Roth IRA account each month.
*starting January 2025 with Donald back to unfrick this shitshow
Posted on 6/17/22 at 7:19 pm to BabyTac
Congratulations!!
Peace of mind
Peace of mind
Posted on 6/17/22 at 7:20 pm to BabyTac
quote:
BabyTac
Congrats. That's a good feeling isn't it?
Posted on 6/17/22 at 7:21 pm to Tigers0891
quote:you not a fan of cheap stock?
starting January 2025 with Donald back to unfrick this shitshow
Posted on 6/17/22 at 7:22 pm to Tigers0891
quote:
Now take what would have been your mortgage payment and send it to your Roth IRA account each month. *
starting January 2025 with Donald back to unfrick this shitshow
Starting right now is when you should be buying, stocks are currently at bargain basement prices, load up with every spare dollar, then hopefully in Jan 2025 they will skyrocket in value.
Posted on 6/17/22 at 7:24 pm to EA6B
Congratulations, you now have the best house in your state because it is paid for.
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