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by rubidium 2545 days ago
He’s had 20-30 years to make mortgage payments.
1 comments

And has not paid off the mortgage.
No we haven’t. Our decision is to pay off the mortgage as slowly as possible. The interest rate on the mortgage is 3.5% so if inflation rises significantly, we will be paying negative real interest rates for much of the duration of the mortgage.
Historically inflation is approximately 3% on average, also, re-financing your mortgage could be very advantageous for you, the lowest rates you can find right now hover around 1.7%.