Have you ever owned your own home? if so do you own it outright (with no finance) ?

I own my home, well the bank does technically but soon it'll be all mine.

I have always bought and own my home outright no mortgage.Paying out rent is dead money.When interest rates are low it is actually cheaper to buy than rent.Eventually the home is owned.No rent to find and no mortgage while having a valuable asset.

No, I have a!ways rented. I have enough money to buy a decent house outright and live comfortably, but I would rather invest actively and usefully rather than sink it into a pile of bricks that will benefit no one except me and the taxman when I pass on. During covid my flexible lease allowed me to act on an impulse to move out of my city flat and move to the country to be nearer to my family. It was the best decision I have ever made 🙂

I have about 10 years left to pay on my house, but my mortgage is far cheaper per month than it would be to rent it. Houses in my neighborhood are renting for around 2k a month.

I will own my home again soon. Usually buying is cheaper per month than renting but requires a bit of money up front.

I owned with first ex. We bought a house together in late 90's, and when we seperated the mortage was hardly paid off because interest rates went up and incomes didn't keep pace plus other factors.

Now I don't own one and cannot access any incentive schemes because I'm not a first home buyer now and I'm in my mid-50's. It's taken me 4 years to save $2k and median house prices around here are around A$700k. I need a minimum 20 pct deposit so around $150k in savings to go for any sort of loan. I won't be working for another 30 yrs because I'll probably be dead in 30 yrs.

I've rented for most of the last 14 yrs. Second ex bought her house in mid-2000's with help from bank of mum and dad, and paid it off I think 2 yrs ago. There was never any talk to buy another place jointly. I've never got any money from my parents to help buy a house, and my parents are both deceased now. I might get enough for a deposit out of my mum's estate this year if house prices fall in the 10 to 20 pct range due to our central back jacking up rates to control inflation.

Yep it’s been paid of for years, now enjoying retirement don’t know how i would manage if i was paying rent

Have done for nearly 20 years. No debts at all.

Not yet. My home will be paid off in 2033.

Did you ever get any help from 'bank of mum and dad' to buy your first house, or get any sort of inheritance when they passed away? Some people do and that's their stepping stone. I haven't. My parents didn't have much.

I own

financed to redo the kitchen and have the pool put in

I have always rented . I wouldnt want to be saddled with a mortgage . A mortgage comes with more debt as then you have to have building insurance , contents insurance and all the stress should something go wrong . Renting although not great has advantages , anything goes wrong its the landlords problem , if you lose your job or suffer ill health etc in the uk your safe as it will be paid by benefits a mortgage wont . The only time I would own a home is if I got left it in a will or paid for it outright .

Mine is owned outright, it did take 27 years to clear the mortgage. It's a great feeling when the final payment is made.

Our mortgage finished last year so we 100% own our propery.
Its a good feeling.

Yes. I’ve got about $120,000 of it paid off and $80,000 to go Before I totally own it

We just bought our home. It’ll be a long time before we own it outright though.

My house was mortgage free, then a divorce so Im paying for it again lol

Bought one....have another house, which I've began paying off..

I've never been able to afford a property here. Values went up about 50 pct during the covid mess but hardest thing is the income to expenses gap that doesn't permit much saving. costs of everything have gone up much faster than incomes over the last 10 yrs so any savings get eroded by higher costs.

Own my home outright - no mortgage

Yes, no we still have a mortgage.

I would advise anyone to buy their own home by any means.. I have several rental properties and I know what a waste of money it is to rent.
Interest rates are low compared to what they used to be. Now is the time to buy

yes--paid it off years ago, then took out home equity to help kids through college and add on...still paying that one off.

Yup. Paid off my mortgage some 30 years ago. And I'm not smug: it took a LOT of graft.

I heard that if you have 4 kids the state gives u a free home in uk

Mine’s paid for. There’s always new bills to suck up your cash though.

It's not much but it's paid for. As is the one up north.

I’ve owned mine since the 1990s

I will in another year

Yes, we have a mortgage but we technically own the property

Yes I have x