I was talking to my dad about his finances and his retirement plan when he mentioned he still has about another 30 years left on their mortgage. At first I thought he was confused and thought he had 30 years left because that was the total length of the loan. I told him there was no way he had 30 years left because they have been living in the same house for almost 20 years. I then had him login me into his mortgage account and sure enough he somehow has a 52 year mortgage with 30 years left. My question is should I have him pay as much as he possibly can to pay it off quickly or should I continue to let him make the minimum payment? He has no other debt besides the mortgage. His reasoning for only making the minimum payments is that it's a 3% loan and that money is better off earning interest somewhere else. He will be 87 by the time he pays off the house if he continues to make the minimum payments.
Found it here/for the Twitterinos:
I am once again begging Redditors to stop posting Ls:
For some reason this becomes a /r/childfree struggle session:
Folks can't figure out if this is good or not? Idk didnt read:
OP is getting mogged by his dad and its worse when Redditors are saying it:
Edit:
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Why would having a kid increase your insurance lmao... unless they are talking about health insurance? But why would that impact your mortgage payment? Even then, my employer offers an individual OR a family plan so if you add a spouse, you might as well have a few kids since it costs the same.
Redditors are notoriously financially illiterate and can't afford homes so I doubt they understand there are different kinds of insurance.
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They're certainly talking about health insurance, I don't even think my homeowners asks about kids. Just single items stored in the house valued at over 20k
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Probably about auto insurance and putting the teen on car insurance.
When I got my car and joined family insurance it increased by about a hundred since I'm a new driver but fully own my car.
Yes chads, it's a 1999 Camry
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Camrychads rise up
Literally never had a problem with a Camry that wasn't directly my own fault
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The only problem I had was replacing these two oxygen things when I bought it. Guy I bought it from for 2,200 didn't change those but they were only $200 for parts and vacuum tube cleaning.
That weed smelling hard-working American tried selling it off to us without telling about the engine but basically got himself scammed lol. He prob got scammed since he got it a month earlier according to the title transfer history
I love that car so much holds like 18 gal gets 20 miles/gallon in town and a beautiful blue
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rises up
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Yeah I don't think it's like "you have a newborn baby so insurance is 10x now", I'm sure the increase is due to adding a new insured to the policy (and an expensive one at that, teens do dumbass shit).
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Not just dumbass shit but also the car still being paid off (redditors always have auto loans) or if for some r-slurred reason they got another car for the kid that's a newer model
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Yeah they might lump them together. They're doing it in this post about the "mortgage payment" including home insurance and property taxes. But they'll have to keep paying those anyways, mortgage or no, so it makes zero sense to include them.
Just another case of redditors being financial r-slurs.
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Having teenagers significantly increases the odds of your house burning down after one gets high and forgets about the pizza in the oven
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