Home Forums Hunting & Shooting Hunter's Campfire Is your house paid for?

I haven't had a mortgage payment in 40 years, no vehicle payments either. All we have for bills are insurance for health, homeowners and vehicles. We have to pay the government their "rent" every year too.

Been debt free since 07, ain't got much but at least it's paid for. Property taxes suck, just another way the government came up with to steal from the working class.

All my guns and optics are paid for.

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$100,000.00 @ 3% fixed for 30 years = around $80,00.00 interest.

Oh yeah, that's 'free' money that only costs $55.00 a week.

The financial institutions of America love you guys.

Which one?

Sweat equity. I spent 2 years and one month building my 2100 sq ft log cabin.
It is on 48 acres. The house is worth about $350K and the land is worth $600K.

Paid off. I don't go around calling myself a millionaire, I only have $950,000.

yes mine is paid for.

Actually, that only about 50k in total interest. But I get your point. Trick is to not take 30 years to pay it off. If they'd have done 15 years at 2.5 instead, that's only about 20k in interest, and again, dont take 15 years to pay it off.

All of them are. As are all the depreciating assets. Only a fool mortgages a vehicle/boat/motorcycle/rv/aircraft/etc. - if you can't write the check, you can't afford it.

We've been debt free for a couple decades now.

We downsized about 6 years ago and paid off the current house. Looking for a duplex when the market changes finally.

Main residence and beach house both paid for since 14'. 59 YO next month. Boats, cars all paid off. No debt except monthly expenses. The thought of borrowing money terrifies me. Looking @ retiring in the next few months. Wifey planning on working a few more years.

Yrs ago 96 ish IIRC in the old westvaco lands here out in either houston or Stewart county off clyde keeler rd or hurricaine springs rd where I used to hunt.
Surrounded by westvaco regrown timber land pines.
86 acre tract of mature hardwoods with a small camp on it for sale.
Prime area for hunting...
Was like 90k....

Piqued my interest .
Had a 2 yr old daughter, preggo Khanarella with # 2 on the way.
Lot of Army issues and responsibilities on top of young family stuff, just promoted to E7 about 10 11 months prior..
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I can only imagine how much that place is worth now.

Would have been a hell of an investment.

Sometimes you lose money writing that check, taking the incentives and money off for financing a vehicle with them for example that you normally wouldnt get by paying cash/check. Then pay it off over the next couple months. You can save money this way. Just gotta do the math. You really wanna leave a couple grand on the table just to say you paid cash to your friends..?

I love me some 0% too, recently bought a fridge at lowes, normally 3200, got it for 2200 on sale, 24 months with no interest. I could have wrote a check for it, but why?

House-paid off
42 acres hunting property-paid off
53 acres farm ground-paid off
Commercial building-paid off
All vehicles-paid off
Government rent check-bastards
All guns lost in a boating accident.

Centershot: LONG time ago paid this place off - $650,000.00 value "they" say.
God damn the banker man (loan officers!)!
Hold into the wind
VarmintGuy

Sitting here at 1.8% for the small amount left. Those rates are long gone!

One house paid for that's paying for my second house. Locked in at 2.625 on the second house and have accumulated about $90K equity on the second house. The rent from the first house pays my mortgage, utilities, and taxes on the second house.

Basically, I'm inhabiting for nothing on 5 acres of quality rural Bluegrass Thoroughbred horse farm country with Lexington leftists financing the whole affair. I'd like to be able to say that it was my plan all along. But it wasn't. It just worked out that way after I bought an antebellum bungalow in the historic part of Lexington for $152K back in the late 90s.

They want to stick a "Blah lie mattah" sign in the yard,...knock yaself out. Just have the rent check ready.

Yes, bought on a 20 year mortgage, paid off early, debt free for 15 years