Semi-Retire in Temecula in 2012

[flyer]

Understand and agree, sp.

I would imagine most polled responded by choosing their most desired location, without much consideration for the realities and challenges involved.

[FlyerInHi]

[quote=spdrun]I’m actually surprised that NYC is #1. Unless you’re talking about “NYC with essentially unlimited money and a 5000 sq ft townhouse.”

NYC is a great place to live, but living there also involves certain compromises that are very different from normal suburban life in the US.[/quote]

I understand why NYC is #1. I’m looking for a 1 bedroom apartment that I can rent out for now, and eventually semi-retire there. I want to go back and forth between HNL and NYC. That’s all I need.

Good advice on a condo. House in the suburbs seems boring to me, but i understand why parents with kids would want that. But I hear more people are raising families in the city.

San Diego at #2 makes sense also but for totally different reasons.

[flyer]

We spend extended periods of time in NYC and HI, and stay in my wife’s parent’s homes, so I understand how you feel about those locations, FlyerIH. Agree it’s nice to have the best of all worlds.

[scaredyclassic]

What do retired people do all day?

It seems like one might feel kinda useless and without social status.

[UCGal]

[quote=scaredyclassic]What do retired people do all day?

It seems like one might feel kinda useless and without social status.[/quote]
Don’t get me started on that.

You of all people should understand this would give you more time for your passions – carrying heavy stuff up and down your hill, playing table tennis, reading books (real books, not e-books), planting trees on your estate, etc…

I find that work interferes with the things I’d like to be doing. I volunteer on a non-profit board, I garden, bake bread, cook food from scratch. I’d have more time to ride my bike to sprouts to get ingredients, vs the driving I do now. Work commitments make me feel rushed when I’m trying to pursue my real interests.

Maybe it’s different as a lawyer – the sense of identity thing. But I’ve got a few decades under my belt as an engineer and don’t need to actively be an engineer to make my sense of self complete.

Sorry for the hijack… I’m just surprised to hear that kind of statement from you, Scaredy – you’re someone who has a lot of interests outside work, so I don’t imagine you getting bored.

[flyer]

Good points, UCGal, and I wish you all of the best with your plans. Retirement for most people today is nothing like their parent’s retirement was. Most I know are busier than ever, and don’t really consider themselves “retired,” because they now have the time and the money to pursue other, and, in some cases, more lucrative interests. (We’ve actually done very well investing in films since I “semi-retired” from aviation.)

Some choose to keep it simple, others are still going full tilt, but the bottom line is that they are in a financial position to make a choice.

As far as social status goes, IMO, being a “retired” engineer, lawyer, doctor, pilot–fill in the blank–millionaire–as most will have to be in order to retire, is much more impressive than someone who HAS to work till they drop.

Many people choose to retire at various ages, others never want to, and most in this Country will never be able to afford to, so, IMO, there really is no “right” or “wrong,” it’s simply a personal choice.

[scaredyclassic]

I am a lawyer first. Everything else is secondary. I shall die in court.

[scaredyclassic]

Did rumpolé of the Bailey ever retire? Well technically yes but he came back from retirement because he couldn’t stand it. And he’s fictional and his author John Mortimer died so I suppose he cannot work anymore. But rumpolé never really quit. Rumpolé is more real to me than many actual people.

No accent on the em

[scaredyclassic]

Did rumpolé of the Bailey ever retire? Well technically yes but he came back from retirement because he couldn’t stand it. And he’s fictional and his author John Mortimer died so I suppose he cannot work anymore. But rumpolé never really quit. Rumpolé is more real to me than many actual people.

No accent on the em

[spdrun]

“Retirement” in my book is the state of not HAVING to work. It doesn’t mean that you don’t work, just that you have a choice not to do so while remaining comfortable.

[flyer]

I agree, sp, and that was the essence of my much longer post. Having a fully funded retirement, savings, or whatever you want to call those resources, gives one a CHOICE.

Just as scaredy may choose to live every day of his life to the very end in court, others might prefer to be on a golf course, volunteering, flying a plane, at the beach, in an operating room, teaching, in a garden, on a film set
or.. .you name it.

Also, when you have the resources to retire at any age, if something unexpected arises and, for whatever reason, you are unable to work, you won’t have any financial concerns. Whether you use the funds or not, they do give you peace of mind.

[dumbrenter]

[quote=temeculaguy]This was enough to bring me out, and a fun trip back through memory lane. Paramount is right, the market has strengthened and for good reason. The deals available when you first posted are gone, but I do not believe the current prices do not represent a bubble yet. When I bought my house at the end of 2008, I had no reservations, now that it sells for almost double I guess I’d worry more, but not for long.

Now with toddlers, you need a car for sure. Probably a job too, those kids get expensive. I’m a few months from being an empty nester and can honestly say that that they are just like fine wine, they cost more with age. Mine cost me about 40k a year combined and both have jobs. Even state college will run you 20k a year with tuition, housing, food, cars, gas, car insurance, health insurance, cell phones, etc etc etc. I’m about to transition to two being away at school and am loading for bear as I expect my tab to get closer to 60k. My advice, come here, but do t soon, great place to raise kids, fun town with lots of things for every speed. However, postpone retirement until the last one graduates college, which in your case will be in about 20 years. Put that retirement fantasy to bed now that you decided to procreate (which I fully support as it will add more to your life than sleeping in for the next 30 years will).

As for medical, we have four hospitals now. Inland valley expanded, loma linda added and the crown jewel is the new Temecula Valley Hospital which recently opened. Scripps or sharp owns rancho springs or inland valley, or at least did when I last checked. All in all, health care caught up finally.

Temecula is a wonderful town, keeps getting better as the years go by. I am currently commuting South and I notice when I exit the freeway the line to exit is shorter than the line to enter the Northbound 15 from Temecula Parkway. There are a lot of jobs here now, unfortunately for most people, the prices get lower as you move North and most cannot afford to live in the city proper, thus we have entered the next phase where people commute TO Temecula.

Which makes me think about all the old discussions, paramount, I hope you kept that paloma house as a rental, you are going to make a mint one day. By my calculations, your doubling down will make you a rich man, wish I had done the same.

Also, the South Temecula bias is confirmed, just like a lot of places, being in certain school boundaries has a value, and Great Oak High School is where the current value is. They are changing the boundaries, being South of Temecula Parkway or the Southern part of the wine country will soon have a financial benefit. The district is rezoning and refusing transfers to that school which used to be fairly easy.

http://www.pe.com/local-news/riverside-county/temecula/temecula-headlines-index/20140207-temecula-school-boundary-changes-roil-parents.ece

I personally think all the schools are good and the differences are slight up here, but the Jones’ have decided that keeping up has a value and unless you live in the proposed boundaries, you can’t send your kids to the school with the highest scores in riverside or san bernadino counties combined. It’s no longer a concern of mine personally, but any student of r/e values knows it makes a difference.

Once the town gets a university i believe the transformation will be complete. In the 46 years I’ve lived in So Cal I’ve seen towns boom and bust. With everything I’ve learned, this is a town I placed my bet on and it looks like I won, go to Old town on a Friday night, it gets cooler, younger and hipper every month. Hit the wineries and realize everyone is from orange county. Even saw an episode of a show on food network called “chopped” where they described the town as affluent, I was taken aback. If I hadn’t bought, I’d probably be priced out of my own hood in just a few short years, that doesn’t happen because of macroeconomics, that happens because people want to be here. Don’t wait another 4 years, this clock is ticking, in a few years you will be looking at Menifee, at best.

I wish CalFord would come back, gloating is amongst my favorite hobbies. Temecula is now the 3rd safest city of 100k population or more in the US.[/quote]

Never been to Temecula in daytime (casino), but have to admit, temecula folks are the most partisan bunch on this board. Maybe I should drive there this weekend just to check it out.
You should run for the mayor of Temecula..on second thoughts, we could use a little help here in San Diego!

[FlyerInHi]

[quote=scaredyclassic]I am a lawyer first. Everything else is secondary. I shall die in court.[/quote]

65 is the new 45 especially if you a strong back.

Rumpole is cool. Maybe the law can be my second act. Can you recommend and online law school. Cheap and accredited in CA and NY

[spdrun]

Technically, in both CA and NY, you can learn law by apprenticeship 😀 Time to find an attorney who needs an indentured servant for three years.

[scaredyclassic]

I think all online schools are unaccredited.
Accreditation is very costly.

The unaccredited schools for cal. Won’t entitle you to take the bar in other stateS I dont think.

Best option. Get very high lsat score get full ride at low ranked accredited school and ace law school to retain the scholarship.

Easier said than done though.

[Author]

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