Quote:
Originally Posted by kbace6
I have a question for all of you who have already purchased a home in TV. My wife and I are set to retire in 10 years. At what point did you buy your home in TV and why then?
For example, as I have read on TOTV, some people sell their home up North first. Some buy in TV first then sell up North. Some buy in TV within 2 years of retiring, and some 5 years or more.
I would like to buy soon, as I believe the market is good for purchasing with the great interest rates. But at the same time I do not believe with all the extra fees involved in TV that it would be a very good investment over a 10 year period. Although I do believe if you are going to buy and not resell it could be worth it to get the head start.
I am interested in your experience with purchasing in TV and why you purchased when, meaning at what stage of retirement.
Thank you in advance for your sharing of your experience.
-Kevin
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Invest the money instead of buying. Even a conservative investment will more than double in ten years. Save all the upkeep and expenses of long distance landlord.
In ten years you( or your wife) probably will change your mind on retirement several times. Don't forget the old 50% Divorce rate. Houses turn over every week with this age of owners.
