You question is not very hard to answer. Just estimate the cost of taxes, utilities, and maintenance on an excel sheet and see what that looks like.
Your savings and income more than enough to pay for it. Is this really a financial question or something else you are asking?
When you make good money and save a lot, you should clearly spend it in a way that makes you happy. A 2.5m house in a lcol location seems very extreme so you just need to make sure that’s what make you happy so you don’t end up with too much house. I moved from 1k sq foot to 4k sq foot house on a 1/4 acre lot and it feel just right. I imagine anything bigger would be overwhelming in terms of maintenance and cleaning.
Your savings and income more than enough to pay for it. Is this really a financial question or something else you are asking?
When you make good money and save a lot, you should clearly spend it in a way that makes you happy. A 2.5m house in a lcol location seems very extreme so you just need to make sure that’s what make you happy so you don’t end up with too much house. I moved from 1k sq foot to 4k sq foot house on a 1/4 acre lot and it feel just right. I imagine anything bigger would be overwhelming in terms of maintenance and cleaning.
Statistics: Posted by Ccthealias — Mon Jul 29, 2024 1:36 am