Never Retire - The Math on Home Ownership in LA

Paid subscriber post #6

In today’s installment, I provide details on my stance regarding home ownership.

You might be a homeowner. If it works for you as part of your personal finance strategy, that’s a great thing.

For me, there’s no way I’ll make home ownership work. It has less to do with where I live and more to do with the lifestyle I want to lead.

So, while costly California (I live in Los Angeles and have lived in San Francisco) plays a role, I could make home ownership work here if I was willing to make changes to other parts of my lifestyle.

Specifically, I’d have to work more—a lot more—and reprioritize how I allocate my cash flow.

It’s all about the context of your specific situation and your personal preference.

In this installment, I run the math on how my personal budget and life would change if I decided to go on the path to home ownership in Los Angeles.