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OT: How many people at TGF own their property free and clear - PAID OFF.


Fazzer
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A better question would be how many people own a property free and clear by paying it all themselves, not gifted or inherited.  That might whittle it down a bit.

 

I own two properties free and clear in one of the hottest real estate markets in Canada

My parents died when I was young and I received 6000 from the proceeds of our family home

Which I spent on 2 years of university then I had to quit and work because I did not want to go in debt

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It's not hard, you pay extra each and every month, you can easily pay off a 30 yr mortgage in 15, or a 15 yr in 11-12.

 

It's not hard in theory.  It is in practice. 

 

If you own your home free and clear and you are not retired and/or did not inherit it and/or are under 55 then you are in a small bank of people that are very fortunate. 

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