Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Really depends on what kind of life you envision. Also depends whether you plan to work, what sort of future income you envision, and how long you expect to float on just the cash you have.
What would I do with $400k, assuming I didn't plan to work right away? Well, first off I'd probably look somewhere besides the U.S. or Canada, but since you specified, I'll play along.
If you're not planning to work, you don't care about labor market, but you still want somewhere that's a good balance of cheap and nice. Maybe a Wilmington NC? Spend $135k or so on a house, have $250k left for living expenses. Could probably get by on about 30k a year - assuming you could turn some of that 250k into cash-yielding assets you might be able to skate on what you have for maybe 10-12 years. Maybe rent a room in your house for $300/mo and you could make the money last 20 or more.
But pretty unlikely it's going to carry you off into a comfortable permanent retirement.
That may not be a bad idea and if they can build up some equity by buying in a nice area of town in demand. That way if they want to move on, they can make out on the positive end.
Has anyone noticed that the OP doesn't mention a career at all? Without working, 350K will not last all that long for a 31 year old. I mean, it certainly won't carry him for a lifetime.
You could literally do it with 1/100th that amount if you had a steady job lined up.
Where are you originally from? Your biggest issue seems to be finding a way to actually immigrate.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.