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Old 05-24-2013, 03:24 PM
 
4,571 posts, read 7,054,651 times
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do you want to sell your house and move into an apartment, or buy another home?

 
Old 05-24-2013, 07:47 PM
 
966 posts, read 918,678 times
Reputation: 1890
loveautumn, I think your question is for me.....I want to buy a smaller place, preferably a condo. I can't sell, then rent, as I'd run out of money too fast. I'm thinking about the possibility of a reverse mortgage, too, in the future----have to check that out carefully first. but not till I run out of options. thanks for asking ;-)
 
Old 05-27-2013, 05:10 AM
 
4,189 posts, read 4,395,853 times
Reputation: 2228
Quote:
Originally Posted by Wisteria View Post
As some of you know from following my posts, I am planning on retiring alone, but in a different area from where I am now (California) due to the costs.

I am curious if there are other single/divorced/widowed women out there considering relocating to another area by themselves, and if so to where, and why that location?

I am very torn about where to go. I love the sunshine and dry weather -- factors in my choices. I also want a social network, and am an eastcoaster, originally, and am wondering if I should reconsider the eastcoast because it seems more social. It will also just be my retirement income (it's just me!), and so lower costs, rather than higher, are important.

I'm not really old enough for the senior centers, as I've noticed they seem to be more filled with the 70 and over crowd. Therefore, since I am still lively and young at heart, I am looking for a place where older singles still mingle. I am searching out places that may work for a single retired woman. (I am 59 right now, but plan to try to stick it out here a few more years, if possible.)

I have diverse interests, moderate politics (Independent), and write, play a little piano for myself, draw, and teach art. I'm a social worker by trade, but would like to be involved in more activities and volunteering that would be "fun" oriented. I love hiking -- that is one of my favorite pursuits. I also adore cooking. I have a dog and three cats. I am also not religious, although I guess the term "Spiritual" would apply. My daughter will be in college, but also studying abroad, so she and I will not be in the same city.

I'd love to hear what others think about this situation. Thanks!
Wisteria

I can understand the costs of CA driving you out. Too bad...such a pretty state....but here is some things I have noticed in living in FL, which some people call "God's waiting room".

- Many, tens of thousands of retired people move here with no friends, relatives etc...down here...either they arrive alone, or their spouse dies...they are having problems getting along and lock themselves away in their condo or home.....their support network is usually up North or elsewhere...which is not so bad until they get sick..then someone has to try and come down and help them...it does not work out too well...

- We don't have much in the way of public transportation...which many people don't care...until they need it....so I would suggest you move to an area that has a good public transportation system as a "back up" in case you need it.

- Medical care - go where your insurance will cover you. If all you have is Medicare, that is covered in FL, but going forward I think it will become a problem. Many doctors down here are complaining about the paperwork and not getting paid enough.

- Things to do. Florida is hot, humid, but few things to do. It's a problem. Even if you like to read and don't need to be entertained, it's boring here.

- I grew up in Ohio and often have thought about retiring up there when that time comes. I hated the
winters, but the rest of the year was nice. It is a more interesting, historic area up North, nice drives around that area etc....

- Have you considered staying "mobile?" I am sick of owning a home due to the maintenance, costs, taxes etc..and it's one big piggy bank. I don't see a need for anything more than a small 1 bedroom apartment, nice area, but always renting. I think my wife and I will stay mobile as long as possible. If one area starts to become dull or too expensive, we move...travel light...money in the bank, furniture is cheap and easy to buy used, sell...and off we go.

- The US is such a wide and interesting country that I want to see more of it.

- Possessions. One thing I noticed going to many estate sales is the vast amount of "junk" retired people
still have, drag down here. Tons of it. Go light, sell off everything that you don't need, cherish, put the
money in the bank.

Just some thoughts...retirement is coming for so many people that you are smart to look ahead.
 
Old 05-27-2013, 12:14 PM
 
10,812 posts, read 8,056,502 times
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Quote:
Originally Posted by totsuka View Post
Just some thoughts...retirement is coming for so many people that you are smart to look ahead.
Excellent post!
 
Old 05-30-2013, 08:50 PM
 
2,421 posts, read 3,721,899 times
Reputation: 3455
Are you living alone? Do you have a large dog? If the answer to these two questions is yes and no, you have many options for living cheaply. First you can sell your home when your ready and have decided where you want to move to. Then you can move your furniture and "stuff" to a storage place for maybe 3 months. Meanwhile you rent a room from a private party (you know like the Golden Girls) and search for your place to buy to replace your home. I would make sure it is at least a two bedroom, so in case you do run out of money at some point, you can rent out the other room and split the utilities with someone.

There are many places around the country you can buy a nice condo or small house for $60,000 to $100,000.

To make sure you can meet lots of people and find some good friends, make sure you move somewhere where they have a nice, large and active senior center with lots of activities. There are some RV and mobile home resorts that have some pretty neat expanded mobile homes that you can buy in the $35,000 range and have killer facilities available in the winter months when the snow birds come down. You can also rent there year round for a reasonable cost which includes some utilities. (maybe the cost of your yearly real estate taxes and insurance)

Actually, I disagree with another poster about Florida. If you buy an inexpensive condo there your first $50,000 is exempt from RE taxes. So buying a place for $75,000, your only paying taxes on $25,000.
You also have no state income tax. There are many areas of Florida that are very affordable.

Also, smaller southern towns in the South can be very cheap to live. You will find that everything there is usually cheaper (food, internet service, hired help, etc.) You have lots of options. You just need to spend a lot of time researching these options in advance, before you make a definite decision. I'm 71, and I just picked myself up and moved to Las Vegas. (prefer the dryer climate and no state income taxes)

Also, there are more bargains to be found here. Lots of cheaper grocery stores to chose from, lots of coupons for take out food and restaurants if you chose to eat out. $7.00 lunch buffets in the local casinos and $10.00 dinner buffets. Car insurance, and utilities are high here, (but not nearly so bad if your in a condo), so I figure the extra I spend on those things kind of negates the savings on food, taxes and labor. I'm in a 1700 sq. ft single family home. Condo's have lots of party walls, so utilities are usually much less.
 
Old 05-30-2013, 11:19 PM
 
Location: land of ahhhs
277 posts, read 298,184 times
Reputation: 489
Quote:
Originally Posted by modhatter View Post
Are you living alone? Do you have a large dog? If the answer to these two questions is yes and no, you have many options for living cheaply.
Nice post, you've obviously thought this out. Anyway, I had to laugh at the first lines of your post. How true. My monster dog is looking askance right now, wondering what I'm chuckling about. I haven't told him yet he's a liability.
 
Old 06-01-2013, 05:06 PM
 
Location: Near a river
16,042 posts, read 18,967,079 times
Reputation: 15649
Quote:
Originally Posted by mastequila View Post
Nice post, you've obviously thought this out. Anyway, I had to laugh at the first lines of your post. How true. My monster dog is looking askance right now, wondering what I'm chuckling about. I haven't told him yet he's a liability.
Yes dogs are liabilities in some ways for seniors. Many senior communities say they accept dogs but the kicker (no pun intended) is that they will only accept under 25 lb. This category includes the small and miniature yippers and nippers (go for the ankle) kinds of dogs, and are the ones that are the most nuisance as they bark at every leaf that floats by. Meanwhile the "barred" larger dogs are the ones that are generally sweet and laid-back and mind their own business, and usually don't "drop" their business any old place including the middle of sidewalks like many little dogs do. Go figure.
 
Old 06-03-2013, 02:29 PM
 
2,626 posts, read 4,949,307 times
Reputation: 2220
I know that some of you have read of my interest in moving to the Lafayette, IN when I retire. Smallish town but there is an incredible university with all the cultural and educational advantages to the surrounding community. Here is the line-up for the 2013-14 Convo season.


Purdue Convocations 2013-2014 Full Season Preview - YouTube

I wish I was there now !!
 
Old 06-03-2013, 07:46 PM
 
Location: Near a river
16,042 posts, read 18,967,079 times
Reputation: 15649
Quote:
Originally Posted by popcorn247 View Post
I know that some of you have read of my interest in moving to the Lafayette, IN when I retire. Smallish town but there is an incredible university with all the cultural and educational advantages to the surrounding community. Here is the line-up for the 2013-14 Convo season.


Purdue Convocations 2013-2014 Full Season Preview - YouTube

I wish I was there now !!
The friend who moved to Lafayette for her husband's job loves it. They built a house and are planning to stay.
 
Old 06-03-2013, 08:08 PM
 
Location: Baltimore, MD
3,745 posts, read 4,214,395 times
Reputation: 6866
Quote:
Originally Posted by popcorn247 View Post
I know that some of you have read of my interest in moving to the Lafayette, IN when I retire. Smallish town but there is an incredible university with all the cultural and educational advantages to the surrounding community. Here is the line-up for the 2013-14 Convo season.


Purdue Convocations 2013-2014 Full Season Preview - YouTube

I wish I was there now !!
If I hang around town (Baltimore) long enough, I'd like to get tickets for this:

Baltimore Speakers Series | Main Page

Edited to add: Just noticed this is the 6,000 post in our thread. Yay!
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