Quote:
Originally Posted by Chuck1674
You have 400k cash and 5k a month pension
Get a huge house with a mortgage.
Medium house with smaller mortgage.
Patio villa cash and 200 k in the bank.
What are your ideas? Do the kids and grandkids visit as much as u thought. That factors into it.
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We just went through a similar decision as well, albeit different sums. We wanted to be free and clear while heading into our fun years and decided to buy a CYV for cash plus put some into improvements. After 20 years of Mortgages we always felt like we had a landlord. If it was not the bank it was the insurance company. Now we make the terms
Really depends on how comfy you are with your pension and SS.