The Motley Fool Discussion Boards

Previous Page

Investing/Strategies / Retirement Investing

URL:  http://boards.fool.com/quottheres-an-article-in-the-october-2004-21379246.aspx

Subject:  Re: Retirement planning Date:  9/29/2004  9:21 PM
Author:  Matt1344 Number:  42501 of 75340

"There's an article in the October 2004 issue of Money magazine that advises downsizing to a less expensive home if your home represents more than 20% of your net worth.

Hi intercst,

That wouldn't be practical for a whole lot of us who live in Northern California unless we sell and move ;-) And at 1000sqft, 2B1B I can't find too many places any smaller... two houses recently sold on my street, first one closed for $540K and the second is waiting to close for $569K, both same size but admittedly in better condition than mine..It's a bit mind boggling at times.

Regards, Ken

Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us