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Posted: Sun Apr 22, 2012 11:54 pm
by chicago81
Congrats on paying off the mortgage! I paid mine off in November of 2010, and it was such a wonderful feeling!
Posted: Mon Apr 23, 2012 3:09 am
by dot_com_vet
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!
Posted: Mon Apr 23, 2012 6:20 am
by palmera
congrats!
Posted: Mon Apr 23, 2012 11:47 pm
by Susan Marie
Congrats, I did this several years ago also. I wonder what percent of the US has no debt?
Posted: Tue Apr 24, 2012 12:01 am
by celliott
That group would probably be the real 1%ers.
Posted: Tue Apr 24, 2012 12:45 am
by Susan Marie
Interesting, the smart one percent I would say.
Posted: Tue Apr 24, 2012 2:33 am
by BennKar
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.
Posted: Tue Apr 24, 2012 2:38 am
by Bytta
Congrats, ktn! Must feel really good to hit a big milestone!
Posted: Tue Apr 24, 2012 1:29 pm
by lazyboy
Congrats!
You should be real proud!
Posted: Tue Apr 24, 2012 7:35 pm
by ktn
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!