why anyone would go into debt at age 70 for a home is beyond me. I can not wait to get my home payed for. No mortgage for me in about 5 years way before retirement. I rather have to money to have fun. They must have a lot in retirement to make 47 now 57,000 payments just for a place to live.
“”I rather have to money to have fun.””
I agree. Too many people get chained to their houses. They buy something more expensive than they can afford and then find in retirement that it gets really boring to sit at home every day because there is no money left to have fun outside the house.