I was telling D18 the other day about bumper stickers you used to see on old beater cars in the era when the young and upwardly mobile were driving BMWs. You imagined you could still exercise a little one-upsmanship by reminding those yuppies that your car might not have the latest gadgets, and might have a few dents and be missing a few parts — like a hood — and might be pouring forth smoke and oil, but hey —
“Don’t Laugh: It’s Paid For” its bumper sticker would wryly proclaim.
Today we have another paid-for item–our house. The whole time we have been home owners, Scott has looked forward with great anticipation to getting it paid off. He made extra principal payments along the way and today we own it, not the bank. It’s not in a fancy, new neighborhood. It doesn’t have the latest standard equipment. With the 70’s era harvest gold shag carpeting in the living room and harvest-gold “leather look” formica in the kitchen, and avocado green appliances, it’s poised to be delightfully “vintage” 50 years from now. (Someone clever renovator in the future will have to find new old avocado appliances–the last two are going to be replaced soon.)
Apparently paying off your mortgage early is not necessarily the smartest financial move, but it still feels good. Scott comes in from mowing and says, “I was mowing MY grass.” “I was repairing MY …”
We have begun wondering why the bank hadn’t been mowing its grass and doing the minor repairs all the previous years.