It’s not as big of a deal as last year but still, based upon the mortgage schedule, we’re 20 percent of the way there even if we’ve only paid off 16.5 percent of the note; it will “accelerate” in the future. So we have 24 years remaining or 21 should the three extra payments hold up in the long run.
My house also continues to be the champ on being the longest standing residence of my life in Austin or anywhere (and Austin is the champ for the city category). With all the moving my family did in the Eighties (and during my formative high school years), I feared that staying in one house, apartment, city or state would be an alien feeling. Let me reassure anyone experiencing the same situation, it’s “curable” if you find some place you really enjoy. The side effect is reluctance to move elsewhere because you will quickly realize how much “starting over” involves. Thus, my cold feet on selling this place and moving to Phoenix.
How’s it holding up? Pretty decently. I think when the house hits 10 years, then I will entertain using its equity to redo the floors because the carpet is a nuisance.