Just deciding how much house to buy. I'm near retirement and can pay cash for house for most houses cause ~60% of my net worth is liquid, after I sell my current house that is.What percentage of your net worth should be ';invested'; in your house?
That is up to you. After using your assets to buy the house do you have enough remaining to live the life style you want. Less then 1/3 would be a comfortable marginWhat percentage of your net worth should be ';invested'; in your house?
You did not give enough information to answer the question. There isn't any formula for this. How big is your family? What is your lifestyle? Where do you live? Are you willing to gamble in the current real estate market? What is your net worth? Do you have any other retirement?
Most of the time it depends on what you want it to be.
As in what you want it to be divided into.
When my dad retired the house was about roughly 45% of his
net worth.
Which was good because he had an annuity plan that covered many things
and eventually it worked out.
Thanks
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