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warrl:
Another factor is that most working people live in relatively expensive areas of the country. There are over 2,000 counties, and half the population lives in only about 200 of them. (I actually had exact figures once.) And even within those 200, there are huge variations in population density and the cost of real estate with, naturally, most people in the more expensive places - because that's what makes them more expensive.

And a retiree doesn't have to live close to his (former) job.

So a great many people, as they retire, can sell their house and moving to an equally nice or nicer house (and perhaps a smaller easier-to-maintain one since they don't need room to raise kids) in an equally nice or nicer neighborhood with an equally pleasant or better climate and a convenient level of access to amenities both urban and rural - and, in the process, put a large wad of cash in their pocket.


Using this strategy is what will allow me to FIRE at 50-52 as apposed to 55-56. Moving to a rural area outside the city limits will keep property taxes low. Having an energy efficient smaller home would considerably reduce my expenses.

Another added benefit will be having all 3 kids out and on their own. Even with LBYM techniques, it's amazing how much I still spend on them.

decath
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