"Borrowing money was necessary for house, but paying the minimum and increasing the duration of interest paid for the convenience of debt is unnecessary."
I know everyone has a different situation but my wife and I just had our first child at 33 and 32. We did choose to buy a house after prices skyrocketed but didn't want to put our lives on hold. We both have decent jobs but paying more into the mortgage isn't really feasible especially with childcare on the horizon. So yes we are forced into paying minimum and don't think it's necessarily a bad thing. Definitely won't have the house paid by 45 as that is a pipe dream for most our age unless you're making crazy amounts. That being said we do have some put aside for retirement from pensions and RRSP.
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