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My wife and I have been retired for about three years. We live in a small house, which has gotten smaller with the addition of hobby stuff that keeps us active and busy. We have found an unusually fine lot on a golf course with a view of the lake (the signature hole of this course, which regularly hosts LPGA tournaments.) We think we can afford to move and make our "golden years" more enjoyable, but how does one estimate what percent of net worth should be in ones house? Right now our current house represents 12% of our net worth. The new place would be 25%.
Question: as non-working retired folks drawing SSI, pensions and investment income, are we overreaching relative to others in this position?
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