this post was submitted on 04 Aug 2025
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[–] Paradachshund@lemmy.today 5 points 5 days ago (2 children)

Mortgage is just rent with another name (I know it's not quite that simple, but it feels that way sometimes)

[–] PlaidBaron@lemmy.world 11 points 5 days ago* (last edited 5 days ago) (1 children)

Nah. Pay off your house and its yours.

When do you pay off your rent? When you die.

[–] Paradachshund@lemmy.today 3 points 5 days ago (1 children)

Most people never do pay off their house.

[–] jj4211@lemmy.world 5 points 4 days ago (1 children)

You have a citation? At least when they sell the house they definitely pay it off and then some.

Been living without mortgage or rent for over 10 years myself.

[–] Paradachshund@lemmy.today 2 points 4 days ago

No I don't. I hope you're right, cause mine feels forever away at this point.

[–] jj4211@lemmy.world 5 points 4 days ago

Mortgage ends one day. Paid off my mortgage 10 years ago.

Even if you don't stay long enough to pay off, when you do sell, you get to have more proceeds from the sell than you owe.

If you only are going to stay in a place 2 or three years though, probably not worth it.