I want to offer this alternative perspective that you can still live a fulfilling and rich life, even if you choose not to buy.
I still love real estate as a way to build wealth, and I’m not completely ruling out owning a home in the future. But since I’ve sold my homes, I’ve also freed up more mental space and money to learn and practice other ways of investing into early retirement.
Closing costs and taxes aside, as a financial coach, whenever I’ve asked new students what their number one goal is in retirement, it’s travel. However, I most commonly hear they can’t travel because they can’t afford it with their current budgets, which are stretched thin ., a real estate research and reviews company, more than one quarter of homeowners in the United States are “house poor,” spending more than 30% of their income on housing costs.
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