I'm young in my fire journey but making really good progress. One thing I'm stuck on is the living situation. I can't decided of I should buy something or just be a renter for life. I would like to travel quite a bit during retirement so I don't know if it would make sense to own something. On the other hand it would be nice to have a home base. How did you guys approach this problem?
Housing is overvalued compared to renting in most places and is on a modest decline. It's hard to predict where it'll go, but a wait and see approach is probably best depending on your local market.
Thanks for the insight. That's where I'm at now. I'm building that down payment fund but not as fast as I could be if I committed to buying something in the near future.
4 Comments
leastprivilege@lemmy.ml · 3 pts · 2y
I'm young in my fire journey but making really good progress. One thing I'm stuck on is the living situation. I can't decided of I should buy something or just be a renter for life. I would like to travel quite a bit during retirement so I don't know if it would make sense to own something. On the other hand it would be nice to have a home base. How did you guys approach this problem?
Fox@pawb.social · 4 pts · 2y
Housing is overvalued compared to renting in most places and is on a modest decline. It's hard to predict where it'll go, but a wait and see approach is probably best depending on your local market.
leastprivilege@lemmy.ml · 3 pts · 2y
Thanks for the insight. That's where I'm at now. I'm building that down payment fund but not as fast as I could be if I committed to buying something in the near future.
viking@infosec.pub · 3 pts · 2y
Got my residence permit for Malaysia. Capital gains freedom, here I come!