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Alternatively, one could live in a high-priced city and purchase high-priced real estate to live in, and upon retirement or at a later age, sell the higher pric
by jupiter90000 10y ago
Alternatively, one could live in a high-priced city and purchase high-priced real estate to live in, and upon retirement or at a later age, sell the higher priced property and take the potentially greater retirement account contributions and move to say Missouri or a place where the cost of living is lower, with a significant advantage.
- dionidium 10y agoAlternatively, one could live in a high-priced city and purchase high-priced real estate to live in This reminds me of a joke. (I can't remember who told it.) But it goes something like, I'll tell you how to make 10 million dollars. OK, easy, so you start with a million dollars. <Every detail after this relies on that first million.> It's a pretty big assumption right off the bat.
- jupiter90000 10y agoI hear what you're saying, but I mean the person would work and save to purchase the real-estate. The assumption I make is that one saves a percentage of income towards a down payment on real estate. That can be done anywhere, and I do agree that in some places it could be easier. That doesn't mean that since it's easy, it's the best decision for someone's life (but it could be).