No. of Recommendations: 13
rayvt: "One thing about having no mortgage is that you can't really reduce your expenses by downsizing. A $0 payment on a small house is the same as a $0 payment on a larger house."

I hate to point out the obvious, but you can invest the difference.

If jgcspouse dies unexpectedly early, I can sell our house for about $450,000, buy a decent smaller house in the county near my daughter for about $200K and make about 2.5% dividends on the $250,000 balance. That would easily pay the taxes, utilities and maintenance on the smaller house.
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