brucethebroker
Thinks s/he gets paid by the post
I've been on the city-data site a lot looking at various mid-Florida living options. There was one post that really drove things home for me. It was a guy who, at 70, somehow got a 30 year mortgage to buy a mobile home, in order to pay mortgage "rent" rather than take all the purchase price out from his investments as a lump sum. No heirs. "Let them come after me at 90 for those last payments" he quipped.
I took out our last mortgage at age 62. I remember calling my son "Hey, the bank just gave me a 30 year fixed (3.5%) mortgage. Suckers!!"