Hold My Vodka

Muscovites are reportedly embracing “housing downshifting” — selling an expensive apartment, moving somewhere cheaper and living off the difference.

Baza gives the example of selling a 60 m² (646 sq ft) apartment in Moscow’s upscale Khamovniki district for 50–60 million rubles (about $598,000–$717,000), then buying an apartment in Konkovo for 15–25 million rubles (about $179,000–$299,000).

That leaves 25–45 million rubles (about $299,000–$538,000) to live on. When the money runs out, the idea is simple: sell again and move somewhere even cheaper — eventually beyond the Moscow Ring Road.

According to Baza, this kind of housing downshifting could potentially fund 5–15 years of not working.

Retirement plan: slowly move away from Moscow.

Original source: Baza