- Joined
- Sep 7, 2013
- Messages
- 18,680
The California conundrum...the average American can't afford to live there but it is a Mecca for the homeless.
My biggest monthly expense is power in the summer, mainly because I have an ancient central air unit that is woefully inefficient. That changes TODAY. They are downstairs at this moment changing out EVERYTHING - furnace, compressor, condenser...the works. I'm able to afford to put in a new efficient system without borrowing a dime BECAUSE I paid off my mortgage when I did.
Absolutely. Not long after I paid mine off using some inheritance money, I unexpectedly lost my job. I would not have been able to make the mortgage payments. Now I have none. There were a lot of other worthy things I could have done with that money, and there were "things" I wanted. Instead I chose to "PAY NOW, play later."I never thought of it like that before, paying off a house is a way of prepping.
My biggest monthly expense is power in the summer, mainly because I have an ancient central air unit that is woefully inefficient. That changes TODAY. They are downstairs at this moment changing out EVERYTHING - furnace, compressor, condenser...the works. I'm able to afford to put in a new efficient system without borrowing a dime BECAUSE I paid off my mortgage when I did.