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Re: Who has paid off their house? [Re: Transman] #2731070
01/08/20 11:38 AM
01/08/20 11:38 AM
Joined: Sep 2003
Posts: 13,516
north of coder
moparx Offline
"Butt Crack Bob"
moparx  Offline
"Butt Crack Bob"

Joined: Sep 2003
Posts: 13,516
north of coder
Originally Posted by Transman
My opinion only but for those of us with Depression Era parents - we heard the stories and learned how to try and prevent them from affecting our families firsthand.


i grew up around my grand parents, plus my aunts and uncles, who went through the depression.
i therefore throw nothing away if it can be put to another use [that can be a whole 'nother problem in itself ! biggrin], drive a 99 caravan [used as a truck, with cheaper tags] fix everything i can myself, and over the years have taught myself to rely on my skills and a few very close friends to be able to survive the times at hand.
if i want something, i save for it.
i never made much money my entire career as a CNC machinist, but it was a good salary for this area. i saved as much as i could while paying all my bills and taxes on time.
being retired for some time now, i take advantage of the "homestead exclusion" on my property and school taxes this area offers, and plan on using up my savings by the time i croak.
it is what it is, and i don't complain because i have health issues.

however, some game the system [ALL income groups !] and that is NOT right !
others NEED to go through a depression and learn some valuable life lessons.
beer

Re: Who has paid off their house? [Re: moparx] #2731134
01/08/20 02:50 PM
01/08/20 02:50 PM
Joined: Sep 2004
Posts: 10,320
RI Deep in the rust belt
chargervert Offline
I Live Here
chargervert  Offline
I Live Here

Joined: Sep 2004
Posts: 10,320
RI Deep in the rust belt
Who can afford to build Mopars, and pay a mortgage too?


70 Charger R/T SE 472 Hemi 70 Charger R/T convertible 70 Charger R/T V Code Sixpack 69 Charger R/T SE Sunroofcar 68 Charger 383 68 Charger 318 71 Charger R/T 70 Challenger convertible 71 Challenger convertible 71 Cuda 340 09 Challenger R/T Classic
Re: Who has paid off their house? [Re: DAYCLONA] #2731161
01/08/20 03:55 PM
01/08/20 03:55 PM
Joined: Jan 2003
Posts: 1,619
Nebraska
4
4406bbl Offline
top fuel
4406bbl  Offline
top fuel
4

Joined: Jan 2003
Posts: 1,619
Nebraska
Originally Posted by DAYCLONA
Originally Posted by SomeCarGuy
I’ll guess most on here posting they paid off early didn’t manage to build their accounts while paying off the house. Loss of wealth and will expect freebies when they can’t work anymore.



You might be correct?...but some of us aren't expecting "freebies" when we retire, I learned extremely early in life to rely on no one other than oneself to prosper... I provided for my family, they never went without, I always put myself last, yet I managed to pay off my 30 yr mortgage 10 yrs early, provide for my wife to go back to school to earn a degree, as well as my daughter, payed off all student loans, my own, wife's and daughter's, as well as invest in company/corporate stock, and maintain a constant maximum contribution to my 401K, carry no debt/loans and live by the "cash only" credo .... I expect very little "freebies" from social security

Mike


We could be brothers....always put myself last to a fault, 4 kids went to college debt free, supported my mother after my dad died, worked whatever hours it takes. It really pisses me off when someone calls whatever social security or medicare I get, if there is any left, a "freebie", I have paid more than a million in taxes and health insurance so I do not see it as a "freebie". I paid cash for my business, cash for my last house, cash for my new cars, fully fund iras, bought stock when it was at 6666, made sure my girls had 100k before they left home, never borrow ever. My great grandfather was a european war immigrant, died when I was nine. The one thing I will never forget is he said never rent, and never borrow against your property, there are better ways. Owned property gives you options, bank owned limits options. Cash only for us or do without. I never planned on soc security to support me, but plan on taking it if any is left, it will be my vacation money after paying in for 50 years good lord willing.

Re: Who has paid off their house? [Re: chargervert] #2731165
01/08/20 04:23 PM
01/08/20 04:23 PM
Joined: Jun 2005
Posts: 4,828
Western Md.
skicker Offline
Son of Doc Fiberglass
skicker  Offline
Son of Doc Fiberglass

Joined: Jun 2005
Posts: 4,828
Western Md.
Originally Posted by chargervert
Who can afford to build Mopars, and pay a mortgage too?


There's a lot of ways to do both and much more...I always liked the "checkbook" guys that own cars...you know... the one's that pay someone else for everything... up

Used to vacation for 4 days a year at Carlisle...I got paid for that vacation time twice...

I gotta admit my house isn't paid off yet...The refi from 30 years down to 15 a bunch of years back was a wise move but made everything a little tighter...

Maybe 4 years or so left...Probably could have been but the extra monies now go towards 401K...finishing my garage and some remodeling...

I do everything I can myself and usually can afford to buy better grade materials because of it...

Everyone follows their own path...I have friends that make a lot more money and are always broke...hopefully they're not headed to a dead end... shruggy


Trump 2.0 is coming...FAFO...
Re: Who has paid off their house? [Re: skicker] #2731179
01/08/20 05:08 PM
01/08/20 05:08 PM
Joined: Jul 2008
Posts: 22,577
Florida STAYcation
Doc Fiberglass Offline
King of the thread hijackers
Doc Fiberglass  Offline
King of the thread hijackers

Joined: Jul 2008
Posts: 22,577
Florida STAYcation
Takea diff PATH Sonny !

QUIT spending money... my GF and I need a extensive Caravel Cruise !

Re: Who has paid off their house? [Re: Doc Fiberglass] #2731183
01/08/20 05:20 PM
01/08/20 05:20 PM
Joined: Jan 2005
Posts: 10,434
Kalispell Mt.
H
HotRodDave Offline
I Live Here
HotRodDave  Offline
I Live Here
H

Joined: Jan 2005
Posts: 10,434
Kalispell Mt.
We lived in a crappy 800sqf 1973 trailer house for 5 years with eventually 6 kids in a 2bedroom so we could pay cash. Absolutely no regrets and yes I am aware I could have made money on that money butt there is nothing like the peace of mind that comes from knowing when the economy tanks again wells faggo or bank of evil (bank of america) or any other satanic institution won't come asking for the keys when I can't make a payment. Now the house is paid off I can invest in other stuff with much less worry. In Montana we can homestead our house (makes it very hard for someone to ever take our primary residence) if it's paid off.


I am not causing global warming, I am just trying to hold off a impending Ice Age!



Re: Who has paid off their house? [Re: Doc Fiberglass] #2731190
01/08/20 05:26 PM
01/08/20 05:26 PM
Joined: Jun 2005
Posts: 4,828
Western Md.
skicker Offline
Son of Doc Fiberglass
skicker  Offline
Son of Doc Fiberglass

Joined: Jun 2005
Posts: 4,828
Western Md.
Originally Posted by Doc Fiberglass
Takea diff PATH Sonny !

QUIT spending money... my GF and I need a extensive Caravel Cruise !


I'm good with that as long as your good with being bait... up

Now get off your a$$ and start making me some 65 fiberglass parts...for free of course... devil


Trump 2.0 is coming...FAFO...
Re: Who has paid off their house? [Re: skicker] #2731217
01/08/20 06:40 PM
01/08/20 06:40 PM
Joined: Jul 2008
Posts: 22,577
Florida STAYcation
Doc Fiberglass Offline
King of the thread hijackers
Doc Fiberglass  Offline
King of the thread hijackers

Joined: Jul 2008
Posts: 22,577
Florida STAYcation
Originally Posted by skicker
Originally Posted by Doc Fiberglass
Takea diff PATH Sonny !

QUIT spending money... my GF and I need a extensive Caravel Cruise !


I'm good with that as long as your good with being bait... up

Now get off your a$$ and start making me some 65 fiberglass parts...for free of course... devil


Bait ?

65 ? ... could be a very costly project !

Re: Who has paid off their house? [Re: Doc Fiberglass] #2731463
01/09/20 02:12 PM
01/09/20 02:12 PM
Joined: Jan 2003
Posts: 12,031
Warren, MI
71TA Offline
I Live Here
71TA  Offline
I Live Here

Joined: Jan 2003
Posts: 12,031
Warren, MI
Wifey just mailed in a $60,000 check. She had been sneaking double payments for a couple years and I mailed a $15,000 check a couple months back. Only $25,000 left. We wanted to get the house paid off before the next downturn (we all know its coming - nope, it's not gonna be different this time ) Just hope I can save enough to make one final buy when there's blood in the streets and people think the world is coming to an end (it's not). Bought my $250k industrial building for $100k last time after a big spender, financial know it all, family friend(?) lost it and it sat vacant for 3 years. Go figure. Wouldnt mind getting a $650K industrial building for $350k that I couldn't afford last time. Nice ranch homes sold in our neighborhood for $125k. Now about $400k. Wouldnt mind grabbing one of those next time too. Good luck to us all. Need to sell our house and maybe buy a cheap condo this year so we have a pile of cash to work with. At 57 I may not have the opportunity or drive/strength to do it again in another 10-20 years smile


www.DetroitMuscleTechnologies.com Mopar body and heater box restoration gaskets
Re: Who has paid off their house? [Re: 71TA] #2733531
01/16/20 01:44 AM
01/16/20 01:44 AM
Joined: Jan 2003
Posts: 11,369
delivering your oil
nutso suave Offline OP
I Live Here
nutso suave  Offline OP
I Live Here

Joined: Jan 2003
Posts: 11,369
delivering your oil
3hundred- congrats!

Re: Who has paid off their house? [Re: nutso suave] #2733656
01/16/20 02:24 PM
01/16/20 02:24 PM
Joined: Jan 2003
Posts: 16,482
S.E. Michigan
ZIPPY Offline
I Live Here
ZIPPY  Offline
I Live Here

Joined: Jan 2003
Posts: 16,482
S.E. Michigan
wave

My first mortgage, and quite possibly my last!


Rich H.
1969 Plymouth GTX
451ci B engine
11.02 at 123mph
NA, 93 octane E10 fuel, DOT tires, mufflers, no trailer
Direct Connection Tech Alumni '05 to '13
Learning without end, your influences, influencing others (all too often unknowingly until years after the fact) and the people you meet are the best part.
Re: Who has paid off their house? [Re: ZIPPY] #2733741
01/16/20 07:47 PM
01/16/20 07:47 PM
Joined: Jan 2003
Posts: 12,594
East Bay, N. Cal.
calmopar Offline
I Live Here
calmopar  Offline
I Live Here

Joined: Jan 2003
Posts: 12,594
East Bay, N. Cal.
Paid off 1st house because I was single and frugal. Sold a business and bought house #2 with that money. Sold those two and bought house #3 where I am now. Locked that up legally and got married and divorced and still have it. Got ripped off as a commercial tenant and decided to buy a tiny place in a crummy part of a crummier town 24 years ago. Both the town and that part of the town have improved so it's paying some bills for me now. I learned from my dad - spend modestly, save, and buy real estate with low risk. It takes patience and I went on fewer trips and had fewer toys but it's the long game to play especially if you want to try and set your kids up a little.


Trying to enjoy life!
Re: Who has paid off their house? [Re: calmopar] #2733798
01/17/20 01:55 AM
01/17/20 01:55 AM
Joined: Feb 2007
Posts: 460
Keminmaa
A
ArcticCuda Offline
mopar
ArcticCuda  Offline
mopar
A

Joined: Feb 2007
Posts: 460
Keminmaa
Huge property taxes over there! I am paying 190 usd / YEAR. Not fancy house, but 3 bedrooms, living room, kitchen, sauna, outside balcony and separate heated garage for 2 cars.

Mortage interest rates are now between 0-1 %.

Location, Finland, Europe.


1970 Plymouth GTX 440-6
1970 Plymouth PPR Cuda 489-4
1971 Plymouth Duster Bad Romance 440-4
1970 Plymouth Fury III Coupe 383-4
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