Have you paid off your mortgage completely?
Why would I do that when it has a low interest rate and there are investment opportunities with a better return?
This is a bit simplistic....there could be many reasons why someone has a paid off house...one being they just paid out the mortgage to maturity. You could consistently refi to a new 30 yr loan every 10 years I guess but I’m not sure a lot of people choose to do that.
I imagine that is rarely the case in Blind’s demographic.
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Property tax is still there though
That’s true