system
The husband and wife discuss how expensive homes are in the city and how they made their first home work. They discuss the possibility of retirement near the beach, but also discuss the value of renting out their current place as an investment property.
human
I can't believe how expensive homes are in this city.
gpt
Yeah, it's crazy. But you know what? I remember when we were looking to buy our first home and we felt like we couldn't afford anything. Then we found that little fixer-upper and we made it work.
human
That's true. We put a lot of work into that house, but it was worth it. And now we have a nice little nest egg for our retirement.
gpt
Speaking of retirement, have you thought any more about where we want to retire? I was thinking it might be nice to live closer to the beach.
human
Hmm, that's an interesting idea. But we'd have to consider the cost of living. I mean, if homes are expensive here, imagine how expensive they are near the beach.
gpt
Yeah, that's true. But maybe we could find a smaller place, or a condo or something. We don't need a huge house anymore.
human
Yeah, I suppose you're right. And we could always rent out our current place as an investment property. It might be a good way to make some extra income in retirement.
gpt
That's a good point. Plus, with the rising housing prices, the value of our current home will only go up.
human
Exactly. It's always good to plan ahead and think about our financial future.