NWR: Mortgage Burning Party?
@LadyCatherineDB's housewarming party question got me thinking about the other end of buying a house...a "mortgage burning" party, ie after the house has been paid off. As an aside, never literally burn an important document like a mortgage, even if it has been paid off, lol.
Just a curiosity question, nothing going on IRL, but I've heard of people throwing a party when they've paid their home off. I had a coworker friend thinking about it, but never did. What do you all think?
Too AWish and gauche? Depends on the circumstances? Celebration of a major milestone and nothing wrong with it?
For me, I think it depends on the circumstances with more of a lean toward celebration/nothing wrong. I don't think there is anything wrong etiquette-wise, a party is a party! But, if people are in friend groups where most others are struggling financially, I could see where it might be a poor idea.
The friend who was thinking about it had worked hard and sacrificed to pay extra toward the principal. I was excited for him when he hit that milestone and would have gone to a party he'd thrown, even though I was nowhere close to paying off a home myself, lol.