freedomatlast
Thinks s/he gets paid by the post
- Joined
- Oct 27, 2013
- Messages
- 1,189
We are considering purchasing a more expensive house in an area that would provide a significantly better quality of life, and much closer access to parks and walking/biking trails.
Presently the value of our primary residence is approximately 6% of our NW. We are thinking of purchasing a different primary residence that would be about 14% of our NW. I retired in June 2019 and was originally planning on upgrading to a house that would be about 10 or 11% of our NW. Property taxes will more than double. Having just retired, I'm still getting used to spending instead of saving. Either way, our annual spending averages less than half of what Firecalc considers safe.
Anyone else buy a substantially more expensive house after retiring?
Presently the value of our primary residence is approximately 6% of our NW. We are thinking of purchasing a different primary residence that would be about 14% of our NW. I retired in June 2019 and was originally planning on upgrading to a house that would be about 10 or 11% of our NW. Property taxes will more than double. Having just retired, I'm still getting used to spending instead of saving. Either way, our annual spending averages less than half of what Firecalc considers safe.
Anyone else buy a substantially more expensive house after retiring?
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