Tag Archives: paid off

Hating the mortgage-free

This is a weird story.

Guy buys a house in Toronto and pays off the mortgage in 3 years by working all of the time, living in his basement and spending little to no money.

And people are angry?

But after CBC News reported Cooper’s story late last year, reader comments flooded the internet, either praising or reviling the 30-year-old’s financial achievement.

“What is he going to do next, buy a car and sell one of his kidneys to pay for it?” snarled one reader.

An era of cheap interest rates has helped ignite an escalating and troubling household debt binge. The topic has become such a touchy one it can spark polarized opinions, finger pointing and even contempt.

Read the full article here.