My Mansion Fantasy
Hello everyone! I’m happy you are taking a look at The Green Swan today. I want to chat a little about one of my fantasies…my mansion fantasy. I’m sure you can relate as you may have a fantasy of your own. Whether your fantasy is for a mansion, luxury car(s), or an around the world vacation; you can find solace here. While having a mansion is a fantasy of mine, that is all it is. It isn’t an aspiration or a goal necessarily, it is just a fantasy. And I need to keep it that way because I realize that a mansion can be a blessing and a curse.
First, allow me to define fantasy per Google:
So why do I have a mansion fantasy? I guess it is kind of hard to say. I think partly because I see them fairly often and they just look so gorgeous. It isn’t as though I search out the rich neighborhoods on my drive home or that I live close to some really nice houses or anything like that. Actually, I blame the Wall Street Journal Mansion section.
One of my favorite parts of the WSJ online is the Your Money section under the Markets tab. I visit this page frequently and near the bottom as you scroll there is a Real Estate section which is where they feature mansions for sale. You may also be familiar with the mansion section of the WSJ. But as I see those property listings, I can’t help but click and scroll through the pictures.
One day they may feature a mansion in the mountains in Australia, or a “Wild West” house in Colorado, a luxury apartment in Manhattan, or an all stone home on a lake. They are all so fascinating and luxurious. I begin to flip through the slideshow…
Grand kitchens, such high ceilings, huge windows, gorgeous landscape, an infinity pool, mahogany wood office, immaculate bathrooms, a view to die for, and on and on.
I can’t help but fantasize how great it would be to call that property home. By the end of the slideshow I am in complete awe and I begin to think how badly I want that home or a similar one.
After I flip through the slideshow I scroll down further and notice the price….$4.5 million, or $2.8 million, $3.5 million, and some as high as $10 million or more.
I begin to think what it would take to be able to afford a home like that. And not only affording the home, but the lifestyle that comes with it. Generally it would require another 5-10 years of working beyond what otherwise would be my retirement date as well as strong market returns for my investment portfolio to grow and cover the purchase price.
I go into a whole Jekyll and Hyde conversation with myself. 5-10 years more of work, that may not be a bad trade off.
Than the other side talks reason. “Hi, I’m Earth, have we met?” Buying a mansion would be way over the top. I would never need a house that big or that many spare bedrooms. It would be super expensive to maintain including repairs, landscaping, etc. I’d have to buy furniture to fill the home and that would be costly. The real estate taxes would be through the roof. The list goes on and on.
So I come back to Earth. Instead of buying a multi-million dollar home, how about a $1 million home or just under $1 million? Those are still really nice homes! It is more reasonable. It wouldn’t take as long saving up to buy it.
The other side agrees, “yes, that is more reasonable, but it is still a slippery slope with a lot of other large expenses tied to expensive homes…and how much nicer would it be compared to your current home? How about just focusing on home repairs and spending money to upgrade my current home to become my perfect home?”
“Yeah that may be a better idea. There is nothing wrong with my current home. I can do a kitchen or bathroom remodel and do some nice landscaping out back by the patio. That may be the smarter approach, but those mansions sure do look nice!”
And around and around I go back in forth in my head. I’ve really developed a split personality! So I close down the WSJ Mansion page and forget about it for now.
Then again I pull it up the next day and the day after…boy, aren’t those mansions nice!
What a killer fantasy, huh? It may be a borderline fantasy and some days crossing over to an aspiration or goal, but I do my best to bring myself back down to reality…it’s just a fantasy…
How about you fine folks? Am I the only one battling with my inner-self like this? What are your fantasies? I need to commiserate with you!
Thanks for taking a look!
The Green Swan
Work Harder, Work Smarter, Retire Earlier and Find Your Beach