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Old 05-02-2014, 02:36 AM
 
71,487 posts, read 71,652,652 times
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we sold ours. we realized after living in nyc the last place we really wanted to retire to was in some rural area.

all the things we liked about rural turned in to the things we wouldn't want in retirement.

no public transportation if we couldn't drive was at the top of the list.

limited medical specialists and facitilities , everything was a shlep if you need a quart of milk.

there was little to do all winter and once we exhausted the things to do in the area keeping busy daily was a chore day after day.

there was really just to little to do as we aged and so we decided while it was nice when we were younger it really was not where we wanted to retire so we are staying right here in nyc.
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Old 05-02-2014, 11:14 AM
 
Location: Floyd Co, VA
3,415 posts, read 5,131,103 times
Reputation: 7231
Quote:
Originally Posted by Gandalara View Post
Yes, the vehicle could get quite ... malodorous
Yes it can. My first summer here on a hot August afternoon I loaded lots of garbage, including many many bags from doggy poop patrol, in to the Suburban, closed the doors and went back in the house for a pit stop before driving to the local dumpsters.

Well, the phone rang, it was someone from the humane society with something important, I got on the computer, etc. and forgot all about the garbage.

The next day I had to open all the doors and let it stand for half an hour with the fan on high just so that I manage to drive ONE MILE to the dumpsters and that was like a dog with my head hanging halfway out the window.

That's one mistake I've never made again.
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Old 05-02-2014, 11:24 AM
 
Location: Charlotte, NC dreaming of other places
983 posts, read 2,176,557 times
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I love these threads, keep them coming..

I am not retired yet and have all kinds of ideas in my head about where I want to be and reading all your posts helps my plans. I really enjoy reading all of it.. thank you all for sharing your experience with all of us retirees and retirees wannabees.
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Old 05-02-2014, 12:55 PM
 
Location: Vermont
1,017 posts, read 1,418,663 times
Reputation: 1994
We have 2 sets of friends with vacation homes and my in-laws are snowbirds. It seems like a lot more work and expense than I would want to deal with. The 2 friends with vacation homes have them for sale as they want to travel more and feel guilty having the houses sit empty for so long.
We watch my in-laws house during the winter when they're gone and it's a pain in the butt. Without us, they'd have to hire someone to keep an eye on it as things do go wrong. Their furnace quit one winter and a tree came down during a storm this year. My retirement is going to be about simplifying my life, not complicating it more.
I'd be intersted in those who do have vacation homes, as to how you handle all of that.
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Old 05-02-2014, 06:03 PM
 
Location: Prescott Valley,az summer/east valley Az winter
2,042 posts, read 3,626,610 times
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Harpoon~ by doing as you say, hiring someone to watch over my empty home while I'm gone. The trees down are one of the reasons to move out of country in retirement. The other reason MATHJACK touched on. Lack of something to do, lack of transportation, lack of medical availability. Call 9 and having to wait about 1 /2 hour for ambulance and EMT to arrive so you can be transported 1/2 hour (or longer) is not my desired retirement request. So if you feel that isolated cabin sounds like an ideal place to spent your elder years I'd say maybe you could reconsider the first time you have a medical problem if you manage to live though it.
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Old 05-02-2014, 06:53 PM
 
1,827 posts, read 2,595,656 times
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This is what we are in the midst of doing. We've only had a second home for the last 8 years. Never could afford one before that and only could then because last child decided to go to state public university instead of private liberal arts college (thank goodness!). Plus it's only 85 miles away so we could use it easily in weekends or even day trips. Now, I also agree with the comments about out in no where, medical, etc. That's why we are not looking at this as our last place, but a place to land long enough to 1. figure out what we really want and 2. Get it as our primary residence to avoid capitol gain taxes when it's sold. We love it, but it is out in no where, 30 minutes to the nearest decent town. Also, we are on a hill from the lake so it's about equivalent to walking up five flights of stairs from the dock to the living area of the house. I'm not going to do that forever!
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Old 05-03-2014, 07:00 AM
 
Location: State of Being
35,885 posts, read 67,141,087 times
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We have had our second home for 21 + years. We thought we would retire there eventually, but only after adding on another large family room/study, with decking around it.

We should have made those renovations sooner - we waited too long.

A second home can be a great investment and a source of retirement cash once sold. For owners who choose to be landlords, the income can offset any mortgage, so folks could end up with a paid for retirement home.

On the down side, it is another household and maintenance $$$ can add up! Also, as people age, it may become less and less convenient to travel to and from a second home. Physical impairments make it less feasible to deal with packing/repacking, routine maintenance, and travel itself.

It all depends on your lifestyle, funds, future plans and health as to whether or not a second home is the right investment. In addition, location is key when thinking about the future and aging in place. Many vacation properties are located in somewhat remote areas, making it a less than ideal choice for senior living and activities of daily living - from grocery shopping, transportation, year round weather, to healthcare needs.
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Old 05-25-2014, 03:22 PM
 
Location: Western Oregon
1,379 posts, read 1,274,366 times
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What's a vacaction home?
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Old 05-25-2014, 03:56 PM
 
29,772 posts, read 34,851,819 times
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Quote:
Originally Posted by LiveLoveLaugh View Post
Omg...best thing I ever did in my life! I met great new friends, live in the country/mountains, I ended up selling primary residence to move to 'summer' home' best experience , I found 'where I belong' lol...in my opinion im a homebody...love coming 'home' Greatest experience EVER...I'm not here for job family I am here because I love it!
Congrats, being happy is always time for celebration and congratulations. Seems like you have close to 24/7 reason to celebrate.
Thanks for Sharing
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Old 05-25-2014, 11:41 PM
 
1,434 posts, read 720,135 times
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Quote:
Originally Posted by anifani821 View Post
A second home can be a great investment and a source of retirement cash once sold. For owners who choose to be landlords, the income can offset any mortgage, so folks could end up with a paid for retirement home.

On the down side, it is another household and maintenance $$$ can add up!

Also...add to that the potential of having tenants who become problems & a nightmare to deal with.

For every person I know that has a 2nd home they rent, 75% have issues with their renters - either late/non payments, misuse, abuse of utilities/property, etc.

More than one wound up in a lengthy, drawn out eviction process trying to get their tenants out while they continued to make the home worse during the lengthy process....this being America you cannot just kick someone out of YOUR OWN PROPERTY which they are abusing but must resort to the courts (and usually an expensive attorney to deal with the legal process). Then you have to go after them for damages in another long legal process with more attorney help at additional cost.

One of my close friends rented a 2nd "investment" home to a family who seemed fine at the outset. He came to find that they left the water running all the time, damaged the walls/carpets, allowed pets to urinate & defecate all over the place, etc. - Yeah....this might be decided in favor of the landlord but after how much is spent in legal/attorney fees to get through to a final resolution? (and all the while they stay there adding to the problem until you can get them out).

IMO screw having a 2nd home unless you are so well off that you can leave it empty and use it on a whim (although that seems very wasteful if you can only use it a few weeks a year). Save your money and wait until you retire and take the proceeds from what you saved + the sale of your original home to buy one REALLY nice home/property in the end.

One house has enough demands and is enough work to deal with!
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