Is it true that you should never pay off your house?

[Notorious P.I.M.P.]

In the link below godofwine says, " I was told you never pay off your house because then it becomes an asset that people can sue you for. Imagine a minor fender bender that someone can sue you for and take your house."


Is it true that you should never pay off your house?



www.bgol.us/forum/threads/what-would-you-do-if-you-went-from-40k-to-400k-in-6-months-working-in-tech.1232825/post-24634329

 

[Hey Julian!]

People can sue you for any asset(unless stated otherwise by law)regardless of whether you have it paid off or not. They won’t get your house, but you’ll be force to sell it so the winner of that judgement can liquidate your equity. Think (OJ)

 

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Get car insurance da fuck going on around here.