ziggy29
Moderator Emeritus
We recently downsized to a house we could pay cash for.
We paid about 0.8 times my current salary for this house. We could have easily qualified for a house at 4x the price of this one, but I didn't want a large house with large heating and cooling bills, large maintenance bills and high property taxes...not to mention a mortgage for the next 15-30 years.
I feel we moved to a place where it will be much easier to FIRE sooner rather than later.
Buying the most home you can afford is *so* "keeping up with the Joneses," and I decided years ago to let the Joneses win.
We paid about 0.8 times my current salary for this house. We could have easily qualified for a house at 4x the price of this one, but I didn't want a large house with large heating and cooling bills, large maintenance bills and high property taxes...not to mention a mortgage for the next 15-30 years.
I feel we moved to a place where it will be much easier to FIRE sooner rather than later.
Buying the most home you can afford is *so* "keeping up with the Joneses," and I decided years ago to let the Joneses win.