If you like tract homes, great. We don't. Plus, we love an ocean view. We bought our homes when we were in our twenties and paid cash.
You are SO right about the retirement scenario. We want at least $2MM in savings, with the house paid off–almost there. Even for dinosaurs in our 40's that's a pretty good nestegg.
SD Native,
Perhaps my response was worded funny. I meant to say that the recent runup in prices have really messed up people's perception. It's quite common to expect track homes in $1+million range. I sort am use to this. $1-1.1, ok perhaps it's slightly uncomfortable for me. Anything above that is really uncomfortable for me.
My ideal nestegg would be $10million before 60, assuming that i work all the way until 60. Any earlier retirement forced or voluntary would mean more. It seems like a lot of money. But I'm putting this in perspective. There are going to be many more people in retirement than people working when I'm 40-50. And by the time I reach 60, there appears there will be far fewer people supporting me in the retirement ages. Hence, as a wage slave, I'm going to be taxed a lot during my earning years, and I'm going to get very little benefit when I'm 60ish. It's going to be ugly imho. Good news though is my wife and I have about 27 more years to worry about this. At that time, our 30year fixed should be paid off…lol….
