Pelican Parts Forums - Another RE Thread...

Quote:

Originally Posted by KNS (Post 9595614)

Nobody has mentioned reaching retirement age. Getting your house paid off is wonderful thing and gives you that "bit more secure" feeling, not to mention freeing up disposable income. If you haven't paid off early hopefully you will by the time you reach retirement.

If you're always renting you may end up renting all the way to the grave. Rent prices go up, mortgage payments generally do not.

right!!

i know a lady that is freaked out about her retirement. her duplex was sold, new owner is moving her out temporarily to remodel..she goes back in under higher rent...the owner said he will raise the max allowed systematcially. that is unsustainable to a fix income person...till death.

that article just took a thin slice of the population..

buying a house is kinda like "paying yourself first"