3 ms·
Unless you move somewhere the cost of living isn't crazy, and pocket the difference.
by ThePowerOfFuet 3y ago
Unless you move somewhere the cost of living isn't crazy, and pocket the difference.
- stouset 3y agoThat’s a one-time trick, and it only really works if you were already wealthy enough to own in a HCOL area to begin with. Plus “moving to a less desirable area” doesn’t really dovetail with most people’s assumption of “increased personal wealth”. It is sometimes a good option for retiring somewhere cheap, which absolutely reflects a real increase in net worth. But it’s far from liquid worth and requires steep compromises not everyone is a fan of.