[quote=FlyerInHi]BG, I’m really curious where you finally end up retiring. You’re casting your net very wide.
Can you just find that one idyllic place and move there? What about friend and relatives?[/quote]
brian, there are several “idyllic places” that I’m considering for retirement. However, I have been “priced out” of 2-3 of them since I’ve started seriously looking.
LA County isn’t/wasn’t one of them. But I had originally looked into buying a house for my youngest kid to live in who is attending college there and let them take care of my dog. Then collect enough rent from 2-3 other student-roommates to pay the taxes and utilities on it (so it doesn’t cost me anything to keep it). Then, if I end up selling my own home, I myself could just go rent a small place in a snowy locale to see how I like it year round before committing to it with a home purchase. If I don’t like my new area, I would at least own a house of my choosing in SoCal to return to beginning Fall ’18 or Jan ’19 (after my kid graduated and took their first job elsewhere).
I didn’t buy anything in recent months because my youngest kid (currently a college soph) is still too immature (and too busy with their fellow “greeks” and a PT job) to take care of a SFR AND DOG every day (ie, make sure the property is watered, report needed repairs immediately, mow the lawn, set the trash on the curb regularly, walk the dog and collect roommates’ portion of rents and utilities and forward those monies to me).
My kid currently has a one-year lease on 1/4 of a large remodeled 4 br condo (w/3 roommates and their parent(s)) with all amenities and a right of renewal. It’s in a nice area just 4.5 miles from campus and right behind a LA metro station. My kid’s portion (1/4) of all expenses is a pretty good deal for me so I can’t complain.
My other kid(s) only want to live in SF proper and I can’t afford that … and, for a variety of reasons, I don’t want to take title with any of my kid(s) … just by myself.
I have many other relatives out of state but I have decided that I don’t want to leave Cali.
