Money Isn't Everything
IMHO, purchasing in TV as much as 10 years ahead of retirement makes it impossible to predict whether you are going to be better off than if you had waited longer to buy. You can't predict the better financial path.
OK, you love TV (join the club!). But there are a million other variables: including the number of baby boomers who want to buy here, the economy in general, the cost/return realities of renting out your place for that long a period, etc. And, will you like the place you bought 10 years later?
But maybe you're like us. We bought five years ago when we retired, but still can't spend more than a couple of months a year in TV yet. We rent our home and because it's a wonderful place and we have a good management company, we cover a lot of our expenses and can afford to improve the place. When we do come between tenants, it's like a glorious vacation. Buying when we did was the smartest thing we ever did.
So go for it! Just take your time and get the best place you can. Be sure it has good rental potential. I think it will be another year before the boomer demand and the economic climate will result in big price increases. When you do retire, whether you have a few more dollars because of when you bought will be far less important than the fun and satisfaction you've experienced by having your own place in our little paradise. Good luck!
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