CorporateSoldier
Recycles dryer sheets
- Joined
- Feb 11, 2011
- Messages
- 83
Our youngest graduates from HS next week. This gives us the flexibility to move anywhere locally without regard to schools. We like our house and neighborhood and the house is 2100 square feet so more than enough for the two of us and for when the kids visit or come home for the summer. We have a 2.5 car attached garage and no way to expand. My hobby is cars and motorcycles and I would really like to have either a 4 car garage or a home with a few acres to build a separate workshop.
Our current home is worth about 275k and we owe 100k. 15 year note with 3.8% APR. This is a very affordable home for us and I will likely be able to pay it off in 2-3 years. I love the idea of being 100% debt free.
There is an open house today for a home in the next town. $500k house, 4,000 sq ft, newer construction, 2 acres, 2 car attached garage plus a 2 car separate garage. Also is close to a very nice downtown area and a park we love.
In the traditional sense, we can absolutely afford it. I have been making 300k+ the past few years and should at least make 200/250 a year for the next few years. But in the scope of early retirement and being debt free, it's a very different question. I am very risk averse. Some would say I am nuts not to live in a nicer area with my income.
My head says you are fine where you are and if you get more garage space, you will fill it with more toys (already have two motorcycles and a sports car). I know, first world problems.
Our current home is worth about 275k and we owe 100k. 15 year note with 3.8% APR. This is a very affordable home for us and I will likely be able to pay it off in 2-3 years. I love the idea of being 100% debt free.
There is an open house today for a home in the next town. $500k house, 4,000 sq ft, newer construction, 2 acres, 2 car attached garage plus a 2 car separate garage. Also is close to a very nice downtown area and a park we love.
In the traditional sense, we can absolutely afford it. I have been making 300k+ the past few years and should at least make 200/250 a year for the next few years. But in the scope of early retirement and being debt free, it's a very different question. I am very risk averse. Some would say I am nuts not to live in a nicer area with my income.
My head says you are fine where you are and if you get more garage space, you will fill it with more toys (already have two motorcycles and a sports car). I know, first world problems.
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