Paid off house mortgage is the status symbol of choice rather than a BMW

[leastprime]

Originally Posted by HouseBuilder328

Yep, I’m hearing this more in daily life. And more people who have 30 year mortgages and really want to treat them as 15 year mortgages. Also, many young people who have young kids want the mortgage paid off before the kids go to college or get close to it as possible.

the "kids" are hooking up and marrying later (maybe?).

Our's is 35, homeowner. He has a steady, looks promising but never sure now-a-days.
He's in his 3rd year of a 30 yr refi. I figure the numbers will place him at 37 if he makes his relationship permanent, and maybe 40 for the first child. He's going to be 58 when the first hits college (We will be in our 80's).
No wonder why the Millennials want to accelerate their 30 yr mortgage. But our's isn't, he's busy buying stocks

[aslowdodge]

Originally Posted by mathjak107

The pease of mind of having so much money trapped in a house vs still liquid ,accessible and in liquid investments is debated over and over ...

Well if we don’t repeat it over and over, the forum will get pretty quiet.

[22003yo]

It's okay, we will always have buying vs renting to fall back on if things get too quiet

[mathjak107]

Originally Posted by 22003yo

It's okay, we will always have buying vs renting to fall back on if things get too quiet

Or when to take social security