CS9 – Handling Future Purchases
Let’s say that you ‘own’ a house now and it’s worth $200,000 in 2010, but, you still have a $100k mortgage; by the time you retire (or even after) you expect to buy 2 new houses:
1. One on your Date (let’s assume 10 years, here) for $400k in 2010 dollars to replace your current house, and
2. Another in 20 years for $200k in 2010 dollars, as a second home.
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You can repeat the above exercise for any other ‘one off’ purchases.
