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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When I bought my sports car my insurance nearly doubled to 180 a month and I thought that was fricking outrageous
before car insurance rates started skyrocketing recently I was only paying 45 a month. No accidents or tickets either
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The break in and theft have driven rates here up to insane numbers for any decent car
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Stop living around Armenians and Kia Boys
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I make too much money to leave
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I changed my registration to the new state and my insurance skyrocketed because it was in a "diverse" city known for vehicle break-ins. It didn't matter i was 45mins from the crime. I was still in the "metro area" despite not being in it.
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I cannot believe the car insurance rates some people pay.
I have a $75,000 truck with a DUI on my record from a few years ago and I pay like $140 a month for full coverage lmao. Granted I am a rural corncel so property crime and such is very low here due to lack of BIPOCs.
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