Home › Forums › Housing › foreclosure wave about to hit — again! — and with a thunderous roar no less (per TG’s ladyfriend) › owning it free and clear as
owning it free and clear as an old person doesn’t mean it’s not going to be sold out from under you the next week to pay your nursing home bills.
a house is not security or protection against anything.
it’s either economically rational or its not.
owning it outright is fine as it goes but provides no more security than the equivalent in liquid assets.
there may be “memories” that you can pretend reside in the house.
but really it’s in your head…
