Advise: Sell off the 401k to pay for the house?

[Dr.3D]

The big problem with owning a house flat out is that you still have to pay the darned property taxes. If the person doesn't have a job and hardly any income, what is to say the house doesn't get taken for lack of payment of the property taxes?

Is the value of the house and property going to go down so much that the property taxes are almost non existent?

After all of those thing, you still have the heating bill and the utilities bills. (not to mention maintenance)

Seems no matter what you do, you are going to have to pay for the rest of your life even if you already have everything paid off.

 

[Bruno]

The big problem with owning a house flat out is that you still have to pay the darned property taxes. If the person doesn't have a job and hardly any income, what is to say the house doesn't get taken for lack of payment of the property taxes?

Is the value of the house and property going to go down so much that the property taxes are almost non existent?

After all of those thing, you still have the heating bill and the utilities bills. (not to mention maintenance)

Seems no matter what you do, you are going to have to pay for the rest of your life even if you already have everything paid off.

Yep. Some people lose their home simply because the taxes became too high to afford, even if the house was paid for. Sucks.

 

[muh_roads]

this would be stupid.

roll the 401k into precious metals (not a cash out) and continue paying off the house at the extremely low interest rate set by the central bankers.

This post is full of win.

 

[Zippyjuan]

Paying property taxes is still cheaper than paying rent. Then you are paying somebody a profit to live in their home as well as their property taxes. I live in California where there are limits to how much they can raise your property taxes. They also do not automatically go up just because your neighbor sold his house for more than you paid for yours.