Re:Maybe Treating Housing as an Investment Was a Colossal Mi...
by s1artibartfast on Monday March 06, 2023 @02:49PM
(#35046638)
>What do you do when you cash out though, live in a van? Any house you'll then buy will be at the same price level.
You rent or move somewhere with lower COL.
If selling your house is how you plan to pay for costs in retirement like food, healthcare, or leisure, you must must cash out at some point. If you have 500k less to spend on food, healthcare, or leisure, it will suck.
If you dont plan to sell your house for the rest of your life, the market value isn't relevant to your retirement. In that case you are right that it doesn't really matter.
You rent or move somewhere with lower COL.
If selling your house is how you plan to pay for costs in retirement like food, healthcare, or leisure, you must must cash out at some point. If you have 500k less to spend on food, healthcare, or leisure, it will suck.
If you dont plan to sell your house for the rest of your life, the market value isn't relevant to your retirement. In that case you are right that it doesn't really matter.