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Northeastern Pennsylvania Scranton, Wilkes-Barre, Pocono area
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Old 01-01-2019, 10:23 AM
 
Location: Swiftwater, PA
17,730 posts, read 13,983,161 times
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Quote:
Originally Posted by Chefkey View Post
It really is up to the individual how far they want to go into their finances on housing. The OP mentioned $300,000 available for purchasing a home which we all know is way above the average sale of a decent home here. They talked about wanting to be in a small town, Honesdale would be a good fit. They can easily buy a house on a nice street in Honesdale with a small yard for likely less than $200,000.

As long they stay away from HOAs and the other "Community" trappings and stay within their budget they will be fine. Too many buy way over their heads and then end up disgruntled. If you plan carefully this shouldn't be a problem around here as there are more than enough decent single homes in nice areas without a HOA fee. I almost have my house paid in full and still have 20 years to work, we are planning renovations after to keep the house nice but I haven't had to worry about a huge overhead as I bought within my budget and avoided the communities. The OP will be just fine if they do their homework and plan carefully.
I like to visit the Honesdale area; but you are getting farther away from the city. They are also talking about retirement and with that they will eventually need good medical care. The closer you get to the New Jersey line; the faster the trip to the City. I have often wondered why more did not look at the Portland PA area (that would also include the Slate Belt)? But there are not as many homes available. Of course, if you wanted public transportation over to NYC, you would have to drive to a location where it was available. There are many areas that have plenty of pros and cons. Once they visit over here then they will have a better idea of what we offer.
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Old 01-01-2019, 11:52 AM
 
85,306 posts, read 82,845,500 times
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I liked honesdale ,it was about 15-20minutes from us . There was a bakery there that had the best stuff . I forgot the name but I think they closed
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Old 01-01-2019, 11:52 AM
 
231 posts, read 148,796 times
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Quote:
Originally Posted by mathjak107 View Post
Values have been either dropping the last few years in many areas along with rents or just not appreciating much . Renting and not plunking down a large junk of dough to avoid a mortgage may end up hurting cash flow and costing more when you figure the expense and what you no longer are getting on that money now tied up in the house.

They have to look at this carefully once they pick an area. They have the proceeds from their house sale so they need to see what gives them the best cash flow.

In retirement cash flow is king. Many times renting and putting that money to work else where may work out better .

There situation is different then someone with no lump sum yet who has no choice to rent and invest elsewhere
Thanks for the explanation. This is a larger question about retirement and not specific to the geographic choice. It's a really interesting question and I admit it's one I don't feel fluent in, so I appreciate the feedback. My husband and I both came from lower income families and housing security has always been linked to owning a home. We weren't able to buy one ourselves until our mid-40s. That was ~20 years ago. It was a fixer in a small town that has become a very desirable community and home prices have risen steeply. It's a community we could never afford to buy in if we moved here now.

My emotional tendency is to want to take proceeds from it and get ourselves another home. Owning the house gives us a feeling of stability, coming from backgrounds with little of that. But, yeah, that's an emotional response more than a hard-nosed money minded one.
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Old 01-01-2019, 11:54 AM
 
85,306 posts, read 82,845,500 times
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Well it is always a hard choice when it comes to doing what mentallly feels good vs what makes the most financial sense.they rarely go hand in hand.
We were going to retire in that area but when we thought about it , the area lacked to much that would be important .

No public transportation system if I could not drive.

Little to do all winter

Not a lot in choices in specialists or facilities like here in nyc .

If I wanted to work a bit there was only low paying jobs

Even the summers were getting boring ..

So we decided to retire right here in queens
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Old 01-01-2019, 11:56 AM
 
Location: Wilkes-Barre, PA
1,908 posts, read 3,430,100 times
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Quote:
Originally Posted by fisheye View Post
I like to visit the Honesdale area; but you are getting farther away from the city. They are also talking about retirement and with that they will eventually need good medical care. The closer you get to the New Jersey line; the faster the trip to the City. I have often wondered why more did not look at the Portland PA area (that would also include the Slate Belt)? But there are not as many homes available. Of course, if you wanted public transportation over to NYC, you would have to drive to a location where it was available. There are many areas that have plenty of pros and cons. Once they visit over here then they will have a better idea of what we offer.
I hear you there, I was figuring they still plan to drive and Honesdale is not that far from 84. They mentioned in their comments about wanting to be in a small town yet near things. With 84 close they could get to Dickson City or NYC by going west on 84 all the way to 81 for Dickson City or by taking 380 south to 80 east by also going west just a bit out of their way. You can take 191 Lake Ariel Highway and you'll hit Entrance 17 for 84 or they could also travel West on 6 until they get to that whole interchange near 81 but that takes longer. A good portion of it is scenic though so I guess it would be a matter of preference.
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Old 01-01-2019, 12:07 PM
 
231 posts, read 148,796 times
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Quote:
Originally Posted by Chefkey View Post
I hear you there, I was figuring they still plan to drive and Honesdale is not that far from 84.
Honesdale looks very pretty from photos online!
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Old 01-01-2019, 12:18 PM
 
Location: Wilkes-Barre, PA
1,908 posts, read 3,430,100 times
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Quote:
Originally Posted by PNW to NEPA View Post
Honesdale looks very pretty from photos online!
It's cute little town that still has a lot going on, the Wayne County Fair is held there every summer among other things like a Farmer's Market. You have a pretty big shopping center with a Walmart just east of the main town. They do a Harvest and Heritage weekend in October and the Santa Parade and a Tree Lighting in December. It really is cool a little town.
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Old 01-01-2019, 12:27 PM
 
231 posts, read 148,796 times
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Quote:
Originally Posted by mathjak107 View Post
Well it is always a hard choice when it comes to doing what mentallly feels good vs what makes the most financial sense.they rarely go hand in hand.
We were going to retire in that area but when we thought about it , the area lacked to much that would be important .

No public transportation system if I could not drive.

Little to do all winter

Not a lot in choices in specialists or facilities like here in nyc .

If I wanted to work a bit there was only low paying jobs

Even the summers were getting boring ..

So we decided to retire right here in queens
There are so many questions, so individual to each person, but also the factor of time and aging. We're outdoorsy backpacking type people and have taken immense pleasure in the wild places of the Pacific Northwest. I don't want to live too far away from wild places, even though I know those places in the east are quite different from the west. But I'm also a personality that tends to self-isolate, and too much of that can be a bad thing, which is why I prefer to live in some kind of town. "Boring" isn't generally an issue for me since my typical pleasures involve hiking, reading, writing, etc. Neither my husband or I have, at least so far, any medical issues so I tend to overlook access to those services when considering where to live, but I am aware that we're already in our mid-60s and this will undoubtedly change over the next 20 years... so there is that to consider. (yikes) Here's the common rub for so many people though; I LOVE visiting the city. Would never want to live there, but apart from living too far from my kids the only other downside of where we live in Oregon is that it's a 6+ hour drive to get to San Francisco (south) or Portland (north) and I hate that. This is where the east is so much better, great diverse locations are not so far apart as in the west. In my lurid youth I lived in Manhattan, San Francisco, Berlin. And *visiting* the city is still a joy for me, plus I have dear friends still in Manhattan. But home has to be in a natural place or I'd go mad.
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Old 01-01-2019, 12:55 PM
 
4,508 posts, read 3,995,305 times
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About Honesdale. It's a nice town but the economy is based on service industries. They lost all of their big manufacturers. At one time they had a large garment industry including 2 of the biggest names: Katz Underwear Company and H.I.S., which was big in young men's clothing like jeans and sports jackets. The initials stood for Henry I. Siegel and H.I.S. was founded as the "Honesdale Manufacturing Co."
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Old 01-01-2019, 01:02 PM
 
85,306 posts, read 82,845,500 times
Reputation: 61084
Quote:
Originally Posted by Chefkey View Post
I hear you there, I was figuring they still plan to drive and Honesdale is not that far from 84. They mentioned in their comments about wanting to be in a small town yet near things. With 84 close they could get to Dickson City or NYC by going west on 84 all the way to 81 for Dickson City or by taking 380 south to 80 east by also going west just a bit out of their way. You can take 191 Lake Ariel Highway and you'll hit Entrance 17 for 84 or they could also travel West on 6 until they get to that whole interchange near 81 but that takes longer. A good portion of it is scenic though so I guess it would be a matter of preference.
We were in tanglwood north right between 84 and Hawley being in to photography we used to shoot over to sky top a lot . It was our go to place to shoot when we were bored
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