Is paying off a mortgage passe? Not in the real world

Is paying off a mortgage passe? Not in the real world - OrlandoSentinel.com: Growth: "Everybody knows that today's homeowners handle their mortgage debts differently than earlier generations did. They gladly sign up for monster-sized mortgages, skimp on down payments and have an unhealthy appetite for financing techniques that lower monthly payments by deferring reality -- interest-only loans, option ARMs and negative amortization loans.

When was the last time you heard about a mortgage-burning party? How last century. Do homeowners pay down their mortgages to zero anymore, or do they simply refinance every few years until it is time to sell or die?"
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