retire48in2018
Recycles dryer sheets
- Joined
- Mar 12, 2008
- Messages
- 374
I understand it’s YMMV
Our particulars - we’re both 52, no pensions, and SS is too long away to consider. It’s just investable assets as we’re selling our existing home to move closer to family.
There’s a variety of threads on where people are, etc
My question - is what is ideal? Or at least good?
We can easily do 10%-30% of net worth - both in price of home and budget expectations. We’re fine if FireCalc - living on investable assets that remain.
Larger home (30%) would have more amenities and be a multigenerational home (kids and the grandkids). Their participation is worked out - such that our ongoing expenses (property tax, utilities and home maintenance) are about the same - if we bought something for ourselves (10-15%). We’ve also worked out long term considerations for both parties.
So, obviously subject is complex - we’re looking, initially at peeling this onion - step by step, as well as big picture.
So - in your esteemed opinions - what is a good target/ideal, etc. - for a primary home as a percent of net worth?
Our particulars - we’re both 52, no pensions, and SS is too long away to consider. It’s just investable assets as we’re selling our existing home to move closer to family.
There’s a variety of threads on where people are, etc
My question - is what is ideal? Or at least good?
We can easily do 10%-30% of net worth - both in price of home and budget expectations. We’re fine if FireCalc - living on investable assets that remain.
Larger home (30%) would have more amenities and be a multigenerational home (kids and the grandkids). Their participation is worked out - such that our ongoing expenses (property tax, utilities and home maintenance) are about the same - if we bought something for ourselves (10-15%). We’ve also worked out long term considerations for both parties.
So, obviously subject is complex - we’re looking, initially at peeling this onion - step by step, as well as big picture.
So - in your esteemed opinions - what is a good target/ideal, etc. - for a primary home as a percent of net worth?