The only debt I have at any given moment are the last few weeks worth of expenses on a rewards credit card. Homes and loans are all paid off. I made it a priority to be debt-free by 40, and I made it by a couple months when we finally sold a home we had moved on from years earlier.
I would only take on another mortgage if it made sense, but that's an analysis I'll do if and when the time comes. If I were to need a big outlay to pay cash for a home, and coming up with the cash would mean realizing large capital gains, it might make sense to spread the payments out over a number of years. I guess I'm doing the analysis already for a potential hypothetical... got to slow this brain down. Is it Happy Hour yet?