FIRE and PPOR
I have been working for almost 20 years now and don’t have a PPOR, as I moved countries frequently (3-4 year intervals). Now I’ve saved up a FIRE portfolio of about AUD (1.4 Million), across various currencies, stocks and savings. I’m 42 years old and am reaching a stage where I can Barista fire if I want to. After moving to Australia with the intent to retire here, wife put her foot down and wants to have a paid up PPOR before we retire, mostly because of the unbelievable pains we had to go through to switch houses in various countries and having to deal with owners and I agree with her.
I don’t want to touch my portfolio as it has just about reached the auto growth threshold and I have a FIRE target of about 2Mil. I intend to work for another 15 years at least, so shouldn’t be a problem to reach it (yeah, I like my job ☺️). However PPOR has complicated things a little bit as I need to choose between mortgage and continuing adding to the FIRE portfolio.
My questions are: 1. Do I use my portfolio to buy (full/part) the PPOR? - I’m against it, for obvious reasons.
Do I start over with 30 year mortgage of 1.2 million (avg. house prices in my area of preference) or continue renting? - Long term commitment is making me anxious 😕
Do I stop adding to my portfolio and go the PPOR route instead? - It will stop me from adding to my liquid portfolio target of 2Mil and get there very slowly. I don’t want to count PPOR in FIRE portfolio due to the rate of returns (also a reason why I kept away from properties for so long).
P.S: For now my post tax and post expenses investments are at 75K per year, excluding super (~2K pm).