those of you who live elsewhere (in the Northeast especially) with higher housing costs and living costs, and who are waiting until the market springs back to sell might be making a mistake, at least IMHO (for what that's worth). We retired 2 years earlier than planned (at 60 instead of 62), knowing we would have a little less income than if we had waited.
BUT - we feel it is worth the tradeoff - 2 more years of living in TV while we are relatively young and hopefully in good health - that is just about priceless.
We also did our financial homework, or at least we hope we did. We didn't even move from a high cost area compared to many of you, but we are still finding it much cheaper to live in Florida than in Ohio.
Guess I don't quite understand the comments about needing to find "comparable" housing when you are retired and no longer raising a family. There is nothing wrong with downsizing, and much right about it if you have thought about your needs and done the math. It's not like you need to be in the best school district or something. As many posters have said, there is no bad neighborhood in TV - buy what you can afford and get on with it.
|