My wife and I just recently sold our house, huge mistake on my part, regret it everyday. I looked at it as excess that wasn't needed at the time. Was a 2700 sq ft, brick home on 20 acres in the country. There were a few underlying circumstances beyond just looking at it as excess, but those issues have since resolved. Sold the house for basically what we paid for it 2 years ago, which was at least $60k too little in today's market. I just wanted it to be gone and took an offer by a friend that wanted it.
Fast forward 6 months later and the regret of selling is constant. We are both outdoors people and she has horses (which will be permanent fixtures for the next 15 years) We moved to the city in an apartment and absolutely despise city living. We miss the lifestyle of the country, and she is now boarding her horses to the tune of about $400 a month. I'd never ask her to give them up as I realize they are a huge part of her life.
She is 41 making about $60k a year, I'm 38 making between $125k-185k per year depending on how well my business does. We will have about $270k in cash, $35k in my sep/ira, and $60k in her 403 by March 2020, when our lease is up. My business is worth about $600k as I was just offered that as a buyout w/ trailing $75k salary for at least 3 years.
Not a ton of debt, $18k on my office building (worth about $50k and pays for itself via rent from my business), and $7,000 in student loans at 1.6%. She has a small student loan for around $7,000 at 4ish%. She also has a pension that will pay her about $2200 a month when she retires at this point, will be adjusted for inflation. Everything else is paid for and I'm saving between $5000 a month of my net income.
These properties are all situated on acreage of about 20+ acres and have facilities for the horses and our hobbies. We don't take many trips (maybe one every 3 years that costs $1500), so we put a lot of importance on being able to enjoy our home and the peace it provides from our busy lives. We do have one son, who is self sufficient and making a very good living as a PA. Don't plan on kids. I'd like to retire by 55-60 and she'd like to work til at least 65. I am looking at the home as a long-term residence (20ish years) and we would probably stay there til we couldn't provide the upkeep anymore.
I know it isn't congruent with the mustachian lifestyle, but am I crazy for looking at houses in the $400-$500k range? Basically, putting more value on country lifestyle than say buying a house for $250-300k and living in the city.
Open for thoughts, comments, discussion of any sort.