They offered me the money and I took it. No regrets at all.
Yes a small house has many advantages. We are only 1800 square feet, not counting full basement with extra course ceiling. Bought with the idea of renovating into usuable work space in the future. Perfect for our uses and some storage. Four bedrooms 2 1/2 baths is plenty (really more than we need now) and less to clean. Beautiful outdoor setting private and very relaxing. Go for it.
So a European looking/styled retro 1960s studio/vibe. Think Austin Powers Baby!
Devil Dan,
Call me a Girlie-Man, but if I pull my hair straight it reaches my naval. I look like a hippie for sure.
We are going even smaller: 2 bedrooms; and one bath. Living is all on one level for when I'm 106 (my extended expected life expectancy). BTW my biological age is 39 even though I'm 62 1/2.
There is a garage sized new shed set in the backyard, it is on a bed of gravel I think to escape taxes instead of a slab, but I want to use this as a She-Shed to keep "Maggie" out of my space, which will be the basement.
Don't tell Maggie, but she is a bit of a disaster.
One of her messes was about 5 years of records that needed to get shredded. I do the maintenance and every year get rid of stuff I no longer need. So image about 30 gallons of paper that needs to get shredded, but since we live in a 650 square foot one-bedroom apartment in Madhattan I get tired of seeing this mess laying around, so I ask if I can help by shredding everything that now is stored in paper shopping bags.
So she bought this inexpensive shredder that if you feed it one or two sheets of paper continuously it eventually goes into thermal overload after 20 minutes or so.
But without thinking Maggie has torn a good amount of the papers into halves, doubling the amount of work effectively; and quarters many of the sheets of paper effectively quadrupling the amount of work, and even some sheets into eights.
So pretty much a simple task is not so simple. "Woman Factor" I say, and I ask myself, "Why do I love crazy women?"
So this gets dragged out over a few days because the cheap shredder is not manly enough to work hard. I discover an envelope that is torn in half, and when I look at the contents I see it is a stack of British Pounds. I search for the other half and I match the serial numbers to make the $238.00 worth of currency whole again.
When I tell "Maggie" about my discovery she gifts me the money.
When I was married, I married a Latina. Pretty much my marriage was like an episode of "I Love Lucy," but it was not funny.
Devil Christian and Joe will tell you that for some reason I draw out the crazies. "It takes one to know one," I say. LOL.
I kinda have an imperative to secure a mortgage while I'm employed. Banks currently don't want any risk. Also with FED Zero Interest Rate Policy, I only see that maintaining Defined Benefit Plans (pensions) can't be done without huge risks because there is no return on bonds, and other asset classes have too much risk to be deemed safe.
If I don't get offered a package this year, perhaps it will be next year (better for me), but eventually I think it has to happen. They call this buying out of pensions and getting rid of the liability "de-risking."
Also under conditions of high or runaway inflation all households, even the wealthy, have to contain and minimize costs.
Cal