Quote:
Originally Posted by kkingston57
Wife and I received $5500 a month in SS and have no mortgage. If we spread out the 1 mil over 30 years it would give us 30K a year and that does not include interest. 96K a year will pay for a lot more than the Historic District.
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Don't forget to include inflation in your calculation. $30k in 30 years will only be worth $12k assuming 3% average inflation.