In the "why calculate net worth?" thread, MyOwnMillions wrote:
I think 500k net worth is the same wherever you live. Yes I understand the argument that you can get more in rural Oregon than San Francisco, but the fact of the matter is that people can move! It's their choice where they are, but 1 dollar = 1 dollar whether you are in Africa or US.
This reminded me of something I've been thinking about lately. We currently have a nice house just south of Portland. We love it. We don't have any plans to move. (In fact, we always say this will be the last house we ever own.) But in the back of my mind, I'd love to move someplace different once we've retired.
Several options spring to mind:
* Buying a condo in a city (Portland or elsewhere) and living that sort of lifestyle.
* Moving to someplace like North Dakota where costs are low and the money we've saved can go a long way.
* Going the expatriate route, moving to another country.
Have any of you thought about where you hope to retire? What makes you pick a specific spot? It'd be nice to have enough money that we could live anywhere, but that's putting the cart before the horse. Right now I'm still working on getting out of debt!