Current Events > How old is too old to finance a house IYO?

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AzNDarkSamurai
10/30/23 10:48:37 AM
#1:


IMO 40 and beyond

Better to rent at that point because theres no guarantee youll make it to 70 to finish out a 30 year loan

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_____Cait
10/30/23 10:49:20 AM
#2:


We get it, you want attention

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Heineken14
10/30/23 10:49:35 AM
#3:


https://imgur.com/lnNCXgC.jpg

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emblem-man
10/30/23 10:49:42 AM
#4:


AzNDarkSamurai posted...
Better to rent at that point because theres no guarantee youll make it to 70 to finish out a 30 year loan
Does that matter?

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mystic_belmont
10/30/23 10:51:38 AM
#5:


AzNDarkSamurai posted...
Better to rent at that point because theres no guarantee youll make it to 70 to finish out a 30 year loan

Sounds like not my problem.

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Murphiroth
10/30/23 10:52:19 AM
#6:


Your gimmick continues to be ass.
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AzNDarkSamurai
10/30/23 10:52:37 AM
#7:


emblem-man posted...
Does that matter?

I mean, yeah? Youll be paying off the house till youre in your 70s

and who will pay it if you dont make it to that age?

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#8
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Turbam
10/30/23 10:53:44 AM
#9:


13

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Murphiroth
10/30/23 10:54:08 AM
#10:


AzNDarkSamurai posted...
and who will pay it if you dont make it to that age?

Who gives a fuck, I'm dead.
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Carljank
10/30/23 10:54:14 AM
#11:


AzNDarkSamurai posted...


and who will pay it if you dont make it to that age?
Not your problem

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AzNDarkSamurai
10/30/23 10:55:01 AM
#12:


Murphiroth posted...
Who gives a fuck, I'm dead.

what about the family you leave behind? whats gonna happen to them?

you cant want them to be homeless do you?

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Turbam
10/30/23 10:55:52 AM
#13:


AzNDarkSamurai posted...
what about the family you leave behind? whats gonna happen to them?

you cant want them to be homeless do you?
Why are you assuming that my family is destitute?

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emblem-man
10/30/23 10:56:08 AM
#14:


AzNDarkSamurai posted...
I mean, yeah? Youll be paying off the house till youre in your 70s

and who will pay it if you dont make it to that age?

They'll have a place to live, and if they play to live there for the rest of their life, there's nothing wrong with choosing to buy. Doesn't matter that they don't pay it off. I don't even believe the average homeowner stays in their house for 30 years. I believe it's like 10 years.

And when they die, if they have family, the house goes into the estate and the family members can decide what to do with it. Either sell it or keep it.

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Murphiroth
10/30/23 10:56:24 AM
#15:


AzNDarkSamurai posted...
what about the family you leave behind? whats gonna happen to them?

you cant want them to be homeless do you?

Presumably they'd have their own shit going on.

Weird ass logical leap to be like "you want them to be homeless!"

Your gimmick fucking sucks, stop caring so much about other people's lives.
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littlebro07
10/30/23 10:56:42 AM
#16:


If I die, my life insurance will cover the remaining mortgage balance.

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Torgo
10/30/23 10:58:40 AM
#17:


What a silly notion to base a topic on.

Why save for retirement when you could be hit by a bus tomorrow energy.


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Rise_Makaveli
10/30/23 11:00:15 AM
#18:


AzNDarkSamurai posted...
I mean, yeah? Youll be paying off the house till youre in your 70s

and who will pay it if you dont make it to that age?
If you have kids you can pass the house and the remainder of the payments to them.

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Carljank
10/30/23 11:00:46 AM
#19:


littlebro07 posted...
If I die, my life insurance will cover the remaining mortgage balance.
This is the smart thing to do.

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Rise_Makaveli
10/30/23 11:02:25 AM
#20:


emblem-man posted...
They'll have a place to live, and if they play to live there for the rest of their life, there's nothing wrong with choosing to buy. Doesn't matter that they don't pay it off. I don't even believe the average homeowner stays in their house for 30 years. I believe it's like 10 years.

And when they die, if they have family, the house goes into the estate and the family members can decide what to do with it. Either sell it or keep it.
And youre correct. Most people build equity for 5-10 years then move around until their early to mid 40s and at that point, thats the house they stay in and pass on to family.

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