We owe a small amount on our house..
It cost $135,000.
It’s worth quit a bit more than that now.
We property manage two houses on our street, the monthly rent on the two bedroom is $1,950 per month...
“Death grip?” Sheese!
I didn't say anything about managing properties.
I simply said "paying a mortgage FOR THE PURPOSE of getting the tax deduction is stupid".
Go back. Read it for yourself.
Sheesh.
135 K in Bozeman? You must have owned it for awhile. Just how small is it.
I spent almost 400K building mine in the Bitterroot 12 years ago, 3,200 sqft 3 bdrm 3.5 bath on 24 acres. 575K was the last appraisal but who knows anymore what anything is worth. We get no mortgage interest deduction as we owe so little. Would pay it off quicker but the spousal unit wants to travel. So it’s New Zealand for 5 weeks this winter!
Smoke is much better here the last several days btw.
We paid $189k for our house 20 years ago. Zillow has it over $400k. Someone scratch me out a check and You can everything except the photo albums and the cats including the cars. We’ll walk down the hill.
Cats are outside cats so they may convey.