(04-09-2019, 02:13 PM)Kaan Wrote: housing market stuff is so weird. if it were paid off today we could probably get $400k for our home... maybe that sees 500k later or more... but I'm going to have to spend some of that to live somewhere else. so I just don't do the math with that "guess" of a number in 22 years.
I'm quickly arriving at excluding it from consideration at all because it's hard to model out. Maybe I just assume the equity is a wash and we'll spend it on rent or to buy something for cash when we're retired. I guess that means if I'm trying to estimate living expenses in retirement, I exclude cost of housing and "live within our means." Assuming no inflation or additional equity gained, our current equity could pay $1750/month for 20 years. I gotta think we could get housing on that... although who knows how much it's actually going to cost to rent/buy 20 years from now. Mathematically, it's no different than assuming you're living in a house that's paid off.
'76 911S | '14 328xi | '17 GTI | In memoriam: '08 848, '85 944
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth
"Here, at last, is the cure for texting while driving. The millions of deaths which occur every year due to the iPhone’s ability to stream the Kim K/Ray-J video in 4G could all be avoided, every last one of them, if the government issued everyone a Seventies 911 and made sure they always left the house five minutes later than they’d wanted to. It would help if it could be made to rain as well. Full attention on the road. Guaranteed." -Jack Baruth