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We live in a 1500 square foot townhouse. It's smaller than the 2200 square foot beast we left behind near the Space Coast, in fact. But my cash salary is 3x wha
by sidlls 7y ago
We live in a 1500 square foot townhouse. It's smaller than the 2200 square foot beast we left behind near the Space Coast, in fact. But my cash salary is 3x what I was earning there, the benefits are better, the equity is a nice bonus on top of that, and the CoL is just about 2x. I save about what my net take-home used to be. I'd be saving more, but one of my kids need therapy that is quite costly and not covered by insurance.
So while I can't afford that stuff now, out here, I'm going to be in a much better position in retirement than most of your friends. And I'll be able to retire sooner.
- souprock 7y agoThere is no "2200 square foot beast". That is just a median home. It's a bit cramped, but adequate. Right now you could get 4400 square feet on a 1 acre lot for $400,000 in Melbourne or Palm Bay. You CoL difference is only 2x because you are settling for inferior housing. People can do that. You have. Let's not pretend it is good housing however. To get that early retirement, you forgo decades of living in decent housing. The CoL difference is well over 10x with equivalent housing. That housing deficiency can have an everlasting impact on your family. People in costly and cramped spaces have smaller families. You might not be aware of the effect it has on you, simply thinking that you didn't want that many kids. In retirement, it will be too late to have more kids.
- Roboprog 7y agoHe trolled you good :-)