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I think it's really difficult to put a number or dollar figure on the sense of security you'd feel living in a home you own with no mortgage, especially in reti
by tomjakubowski 1y ago
I think it's really difficult to put a number or dollar figure on the sense of security you'd feel living in a home you own with no mortgage, especially in retirement years.
- JKCalhoun 1y agoIt's also a little more than that. After having raised a family and seen the nest empty, the wife and I can downsize at any time into a smaller (less expensive) home. The difference in the price of the homes will obviously help in retirement.
- Ericson2314 1y agoThat's just the capital gains argument restated. The question is what the other capital gains would be.
- Ericson2314 1y agoWell, it's probably not $1 and also not $1,000,000,000 right? The point is that people should run the numbers. If they are close enough, sure, go with your gut preference, but if they are way different than you expected, maybe give it a little extra consideration. A lot of people point out these intangibles to give themselves licensed to not run the numbers, and just assume what they want to be true is true, and I'm sorry, but the argument ("intangible, hard to measure benefits exist" and yes they do) just doesn't support a conclusion that strong.