Talking about being Mortgage free?

Adly812

My question; is it ok to admit being mortgage free? I am a private person, but many conversations are sparked at work, and colleagues/friends openly talk about money, mortgages, costs etc. I get very shy when people chat to me about this topic as I feel "quite" vulnerable to admit that I'm mortgage free. I feel there attitude changes to me. They treat me different. I don't show off, I don't act differently, but sometimes I sense people don't like the fact I'm mortgage free?
Would you recommend I stay quiet about my circumstances, and don't speak of mortgages. Or just disregard the conversation? Do people dislike others because they're lucky to be mortgage free?

dirtycredit

Are you mortgage free because you paid the mortgages off early yourself or mortgage free because of inheritance of houses which had no mortgage attached to them and were already paid for?

DC x

Adly812

I would like to say because I paid it off. But in honesty, I am born very very lucky !!! And I never take my fortune for granted.. So do people get treated different for the way their mortgages get paid?

Red-Squirrel_2

Smb3088 wrote: »

I would like to say because I paid it off. But in honesty, I am born very very lucky !!! And I never take my fortune for granted.. So do people get treated different for the way their mortgages get paid?

I don't think so, but I think they can be treated differently depending on how they talk about it. If you bring it up in conversations where other people are talking about financial struggles, or out of the blue where it seems like you want to brag, most people won't be impressed!

However, if somebody asks you, or it comes up in the natural flow of conversation and you stress how fortunate you are and don't try to take credit for good luck, I think most people would react positively.

armchairexpert

I've been mortgage-free (we paid it off ourselves before buying the current home) and you're right, there's a certain silence and then an atmosphere if it comes up. Even though if it has come up (and I never volunteered it!) I was quick to say well, I'm not sure it was the best way to spend our twenties really, we missed out on a lot of experience and travelling and now we have small kids it's too late. So I guess I'd just always keep quiet.

It's odd to me in a way, because it seems like it's just a mortgage that elicits that reaction? For example, a friend/colleague had her children at roughly the same time I did, and we both returned to work. I was paying over $1000/month in childcare for my kids; she had free childcare because her MIL was an old-style SAHW who wanted to do it. That cost was about the same as a mortgage payment. But for some reason, she could volunteer that information and people would be like "oh, huh, that's nice for your kids to have their Gran" whereas when I was mortgage free it was frosty silences like I was born with a silver spoon!

dirtycredit

They probably view someone that had inherited property and had never actually had a mortgage telling them they were mortgage free as a bit of a show off. That's probably why they treat you differently when you announce it.


DC x

Adly812

I Echo everyone's opinion. I never ever show off, It's actually only ever come up once or twice in a convo when someone's asked me who my mortgage provider is. And I said," um I don't have a mortgage"
Amd immediately i sensed unease in the conversation. I never initiated it, but just wanted everyone' else's option on the topic. As sometimes to see it from others views are helpful to prepare my self for the other peoples reactions

freshcotton

The people worth having in your life will be delighted for you. It isn't something I plan on advertising but people know I am careful with money so I doubt it will shock many people.


Its no different to when a friend tells me they are going on a big holiday or picking up a brand new car. I feel nothing but happiness for them and indulge in their excitement. But of course, not everyone thinks the same.