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Old 08-24-2018, 10:18 AM
 
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Is there a website with information about percentage of paid off homes in every town? Just for fun, to see which town has more fiscally responsible crowd.

Last edited by UnfairPark; 08-24-2018 at 10:44 AM..

 
Old 08-24-2018, 10:28 AM
 
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I might look to other states which have mortgage or lien information on their tax websites. My guess is that you could find liens in Texas but not thru the county web sites.
 
Old 08-24-2018, 11:38 AM
 
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Quote:
Originally Posted by UnfairPark View Post
Is there a website with information about percentage of paid off homes in every town? Just for fun, to see which town has more fiscally responsible crowd.
How is that an indication of “fiscal responsability”? Paid off only means the occupant lived there long enough to pay off a mortgage or bought the home witn cash. Old suburbs with senior residents should in theory have more paid off properties than the latest suburb filled with young families and children.
 
Old 08-24-2018, 11:45 AM
 
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Quote:
Originally Posted by HP48G View Post
How is that an indication of “fiscal responsability”? Paid off only means the occupant lived there long enough to pay off a mortgage or bought the home witn cash. Old suburbs with senior residents should in theory have more paid off properties than the latest suburb filled with young families and children.
Not to mention that depending on your interest rate being sub 5 or 4% you may be better off sticking your extra money in a brokerage account and gambling on the market than paying extra on your home. This is assuming you have already maxed out your 401k and IRA contributions first which is a no brainier with rates over the last few years.
 
Old 08-24-2018, 06:15 PM
 
Location: Fort Worth, TX
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We have enough cash to pay off all of our debt (home, land, and car) but given the low-interest rates we're paying it would a fiscally stupid thing for us to do. It's much smarter for us to invest the money.
 
Old 08-24-2018, 06:30 PM
 
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Quote:
Originally Posted by UnfairPark View Post
Is there a website with information about percentage of paid off homes in every town? Just for fun, to see which town has more fiscally responsible crowd.
Yea. The notion that having a paid off home = fiscal responsibility misses the mark.
 
Old 08-24-2018, 06:47 PM
 
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Partly true, not always and not for everyone. It may not be smart for some who invest in some lucrative business or don’t have enough to fund 401K but for others, if you can afford to then it does equate to it. It sure beats investing in volatile stock market or buying expensive goodies for fake lifestyles.
 
Old 08-25-2018, 04:23 PM
 
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Quote:
Originally Posted by UnfairPark View Post
Partly true, not always and not for everyone. It may not be smart for some who invest in some lucrative business or don’t have enough to fund 401K but for others, if you can afford to then it does equate to it. It sure beats investing in volatile stock market or buying expensive goodies for fake lifestyles.
Give me the stock market, especially during volatile times - I love a high amplitude short wavelength VIX.

I also laugh that notion implying people who have nice things cars/boats/second homes/aircraft/farms-ranches etc. are usually fakers. By any rational measure this is a very wealthy area.........some people are going to live larger than others.
 
Old 08-25-2018, 05:04 PM
 
Location: DFW
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Quote:
Originally Posted by UnfairPark View Post
Is there a website with information about percentage of paid off homes in every town? Just for fun, to see which town has more fiscally responsible crowd.
I have a Mortgage at 3% and could pay it off tomorrow. I'd rather leave that money in my Investments and earn 6-15% a year.

Who's being fiscally responsible?
 
Old 08-25-2018, 05:55 PM
 
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Quote:
Originally Posted by Rakin View Post
I have a Mortgage at 3% and could pay it off tomorrow. I'd rather leave that money in my Investments and earn 6-15% a year.

Who's being fiscally responsible?
Not that simple. You didn’t adjust for risk. I’d be shocked if one person here even knew how to do the equation to compare different investments when adjusted for risk. I have a paid off house and couldn’t be happier with that.

The return on roulette if you hit is far higher than the stock market. Of course the risk is much greater too
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