[quote=earlyretirement]Me personally no I wouldn’t have interest in that house in Chula Vista you posted. However, I think the vast majority of retires out there would jump at the chance to live in that house.
But that is part of my argument. A huge percentage of future retires will never have the chance to retire in a house like that in an area as great as San Diego. Yes, lots did pay off their homes but there is a huge disparity in the USA of people in all generations that aren’t adequately prepared for a comfortable retirement.
And I’m in TOTAL agreement with you on the “I want it ALL” attitude of many Gen X and Y of today. Yes, many are living beyond their means. I see it daily and with friends and former college classmates.
I think we can all agree that a HUGE number of people in the future won’t be able to comfortably retire by our definition above without tremendous support from family members or friends.[/quote]
ER, I was wrong on the math on my ChulaV retirement link. The current annual taxes are actually ~$850. And, it has a view of TJ and the Coronado Islands from the backyard. Don’t think that’s enough? Would it interest you to know that “TJ” has a population of 3M, and the attendant “city lights” to go with that??
That “disparity” you speak of here is “self-made” by the members of Gen X/Y.
Gen-X and Y WILL eventually be able to retire. But to do so, most of them will have to cut their (voluntary) living expenses by at least $1500 month and put that towards retirement accounts, in order to retire in CA coastal counties. On average, they make far more annually than “boomers” did {ESP early on in their “careers”), so they can well afford to do this, IMO.
