Umm.. I paid off the mortgage today

chicago81 · Post by **chicago81** » Sun Apr 22, 2012 11:54 pm

Congrats on paying off the mortgage! I paid mine off in November of 2010, and it was such a wonderful feeling!

dot_com_vet · Post by **dot_com_vet** » Mon Apr 23, 2012 3:09 am

I think a reasonable, paid-off house could be almost as cheap as RV or van living.
Taxes and insurance aren't that much. A little sweat equity can keep up on maintenance. If bought correctly, you could sell for more than you paid.
The money tied up in a house isn't liquid, but if we're talking modest housing, it shouldn't be a majority of one's net worth.
I do think long term camping in a VW van would quite fun though!

palmera · Post by **palmera** » Mon Apr 23, 2012 6:20 am

congrats!

Susan Marie · Post by **Susan Marie** » Mon Apr 23, 2012 11:47 pm

Congrats, I did this several years ago also. I wonder what percent of the US has no debt?

celliott · Post by **celliott** » Tue Apr 24, 2012 12:01 am

That group would probably be the real 1%ers.

Susan Marie · Post by **Susan Marie** » Tue Apr 24, 2012 12:45 am

Interesting, the smart one percent I would say.

BennKar · Post by **BennKar** » Tue Apr 24, 2012 2:33 am

Welcome to the club. I joined last August, but my savings haven't grown much due to buying a car last summer (used - low mileage). The last payment for the car is scheduled for tomorrow, then I'll belong to the true "no-debts" club.

Bytta · Post by **Bytta** » Tue Apr 24, 2012 2:38 am

Congrats, ktn! Must feel really good to hit a big milestone!

lazyboy · Post by **lazyboy** » Tue Apr 24, 2012 1:29 pm

Congrats!
You should be real proud!

ktn · Post by **ktn** » Tue Apr 24, 2012 7:35 pm

Thanks for the kind words, all. It feels especially great coming from the wise folks here.
I bet there is a hell of a lot of people on here that are completely debt-free. Its probably like the INTJ concentration we have.
@BennKar: You joined the club today. Congrats!