alt Hacker NewsI waited till I had the whole sale price in cash then bought, it's reduced my layoff anxiety 1000% and I'm sure it's not the savviest financial choice, but I'm happy with the security of knowing I can stay here for a long time no matter what
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DontchaKnowit • yesterday at 8:26 PM
Most people will never be able accomplish this because home prices increase so much. And meanwhile you have to live somewhere, and all the rent money is money you dont get to save or put towards home equity
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It depends on the appreciation and in turn the property taxes. I own my house outright. Completely paid off. But the increases in property taxes is forcing us to sell and move, likely in the next 5 years. Too bad, love the neighborhood and the area.