re: #139 Targetpractice
If you could pay off your first house with just your annual salary in 5 years or less, then it could be seen as an âinvestmentâ towards a larger house when you were more financially secure and had designs on raising a larger family or more room for (as St. Carlin would say) âmore stuff.â But if youâre either far enough along in life that youâre never gonna pay off that mortgage or youâre making so little that youâre barely able to make the payments, then itâs not an âinvestmentâ itâs a prison sentence.
It took my parents closer to 30 years to pay off the house. Just sayinâ.