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Money and Finances
Reply to "If you are house poor, do you regret it?"
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[quote=Anonymous]We are trying to decide whether to keep the 3,500 a month mortgage and save close to 6,000 a month after retirement Or Take on a 7,500 mortgage and save 2,000 a month after retirement We can pay the 7,500 on one salary and unemployment if necessary. No other debts. One job is extremely stable with a pension. Thing is I’m not sure what we really need the large brokerage account for. I think a lot of people are house poor for this reason...what is a large savings account going to really do for you? You can’t take it with you. Most professionals can find another similar paying job if they lose their job. Most people have to work for retirement savings and healthcare. So you might as well live in a nice house. [/quote]
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