Escape Plan
When we started full time 4 years ago, we sold out everything, so we have no house to go back to. We have no immediate plans to come off the road, but I am wondering what to do if and when we have to....
Forum Discussion
I'm not full-timing yet - got to get to retirement first. But I'll make a suggestion based on the financial parameters you've given.
As you full-time look for an area you like with a low cost of living. There are pockets in rural areas where you can buy a house for $50,000. Could you put $10k of your nest egg as a down payment and swing the payments on a house that was $80,000 or less purchase price? Keep in mind you probably couldn't get a 30 year mortgage. (not looking for you post the answer with too many details personal finances).
Condo might be an option too and makes maintence easy. You'll have a monthly fee but I bet you couuld find a small condo for the above figures. Rent is also cheaper in small towns.
As you full-time look for an area you like with a low cost of living. There are pockets in rural areas where you can buy a house for $50,000. Could you put $10k of your nest egg as a down payment and swing the payments on a house that was $80,000 or less purchase price? Keep in mind you probably couldn't get a 30 year mortgage. (not looking for you post the answer with too many details personal finances).
Condo might be an option too and makes maintence easy. You'll have a monthly fee but I bet you couuld find a small condo for the above figures. Rent is also cheaper in small towns.
