#31
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Portugal
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#32
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I know user rain dogs moved from Canada (I think) to Spain, for business reasons. Wonder what his thoughts are on staying there long term.
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And we have just one world, But we live in different ones |
#33
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What's your retirement timeline? Anticipate a lot of change in 20 years. What's good now may kinda suck then. So unless the investment opportunity is better than other investment opportunities I'd pass
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#34
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I think they're in cycling heaven. Spain is about 30% less expensive than the rest of Europe and just as beautiful. If you wanted to drop the cost even more, Portugal is a serious suggestion. AND if you can work out citizenship, hello healthcare... |
#35
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The other crucial element I'd add is good food. Good and varied cuisines. Unfortunately that crosses many places off a list. Or maybe food just means too much to me.
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#36
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Friday Night Dreaming - Where do you buy a condo to rent out now and retire to later?
It’s difficult to pin a location now for a retirement that is not near term. Liquidity is important.
$250 will be priced out of most NE coastal spots within a mile of water. Though suggestions for RI or eastern CT may have options. Surely you already have the spreadsheet running, because you would. As others mentioned, it is difficult to make profit on a seasonal vacation rental unless you are in a prime location with big initial capital. And the consistent rental volume needed would likely incur considerable annual maintenance work because short term renters wear and tear. Also costing time you don’t have...it is always something. It may make sense to separate family vacation & retirement home from investment property. Come to think of it, I wonder if Hanover might be great investment because many student/faculty renters and possibly affordable 2br or multi family away from the town center. Last edited by sparky33; 06-15-2019 at 09:34 AM. |
#37
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Over budget but sure rentable: https://www.zillow.com/homedetails/2...66042431_zpid/
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#38
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Seriously! And it's only mid-June....
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For the US, I would really be tempted by Sequim, WA. Close to Olympic National Park, moderate climate, the ability to ride year round (if you don't mind a little rain), not far from Port Angeles and a ferry ride across to Victoria/Vancouver Island and all of the cycling and cultural options that offers, close to the coast for kayaking/sailing/fishing, and not far from Seattle. Texbike |
#39
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Beyond cost of living, climate and suitability for cycling consider healthcare which becomes very important as you age, along with access to non-cycling interests for you and your spouse/partner and transportation infrastructure among other things. I am currently into this now and have decided to avoid areas right on the sea coast and sites with a history of flooding since this has become an increasing concern as climate change influenced weather events become more prevalent. Last edited by nickl; 06-15-2019 at 10:30 AM. |
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It's not a new bike, it's another bike. |
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Also, I'm watching the Spanish RE market for effects of Brexit. There are tons of Brit retirees who moved there over the past three decades , and they won't have health insurance or freedom of movement anymore. Has to effect the RE pricing. The coasts resemble Florida in a lot of places.
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#42
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To the OP, furgetabout such a cheap condo in a desirable place for rentals. Ain't gonna happen. AirB&B has put the final spike in that coffin of affordability.
__________________
It's not a new bike, it's another bike. |
#43
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On the OP's initial set of conditions . . . I'd be disinclined to do it. There are ways to make it work, of course, and places as different as Charlottesville and Santa Fe have appeal (and, if expensive by some standards, are affordable by big coastal cities standards). But if I were not on the verge of retirement, I'd be disinclined to buy a place in which I planned to vacation 1 or 2 weeks per year for a number of years on the notion that I'd retire there. There are really two parts to this: (1) When, where, and how does one want to retire (and provide for that)? and (2) Does one want to purchase a vacation/rental property as an investment? I don't doubt that there are good ways to bundle those two sets of questions -- I actually know people who've retired happily to their vacation homes -- but the questions aren't necessarily folded together all that neatly. FWIW, I'm 58 (will be turning 59 this summer) and could manage such an investment, but I'm not considering any such thing.
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#44
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I have a feeling August and September will be worse than usual this year. |
#45
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"There is no perfectionism on the road to contentment." |
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