Retirement Housing

Discussion in 'Real Estate' started by dmclone, Sep 2, 2019.

  1. dmclone

    dmclone Well-Known Member

    Oct 20, 2006
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    Just got back from Palm Springs, CA and it got me thinking about retirement housing. Everyone’s idea of perfect is so different but I wonder what options people are considering. Do you just buy one place in a warm climate and if so where? Do you keep a small place in the Midwest and then “winter” some place warm?
     
  2. CyCrazy

    CyCrazy Well-Known Member

    Dec 17, 2008
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    I will retire at my parents lake house on Okoboji.
     
  3. Acylum

    Acylum Well-Known Member

    Nov 18, 2006
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    After you move out of their primary residence?
     
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  4. CyCrazy

    CyCrazy Well-Known Member

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    Lol, I haven't been living with them for 20 years.
     
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  5. bannedman

    bannedman Well-Known Member

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    hell yeah dog. love the goals
     
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  6. dosry5

    dosry5 Well-Known Member

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    So the basement is a walkout?
     
  7. CyCrazy

    CyCrazy Well-Known Member

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    Why yes it is.
     
  8. farminclone

    farminclone Well-Known Member

    Nov 16, 2009
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    I’m a long ways from retiring in any way shape or form but I want to keep my house in Iowa and just rent down south in the winter. Maybe find a place I can rent for the majority of winter like 4-8 weeks every winter as my main place to stay and jump around the rest of the winter to see different things.

    I don’t want to mess with any ownership headaches and don’t want to be locked in to going to the same place all the time “because I own it.”
     
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  9. 2forISU

    2forISU Well-Known Member

    Oct 8, 2008
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    Retire/claim residency in a tax-friendly state. Really love Tennesse with the mountains, lakes, and Nashville.
     
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  10. nfrine

    nfrine Well-Known Member

    Mar 31, 2006
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    FYI, Nashville has really changed in the last ten years. There are huge numbers of people moving in every month. Housing has increased dramatically in price. It seems the roads are crowded more than ever. I know more than one family that is considering moving out.
     
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  11. 3GenClone

    3GenClone Well-Known Member

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    My parents bought their retirement home last year. My dad spent a few years mapping this out and narrowed it down to 4 states: AZ, FL, TX, and... I’m drawing a blank (might have been Tennessee?) but it was in a distant 4th. His biggest factors were tax laws, as he wanted to make sure he got to draw the most from his various investments.

    They purchased a home in AZ and he and my mom are super-pumped. They have family that live in the same development, and a good number of people on their street are from the Midwest as well (their neighbors are from Nebraska and Minnesota). They are keeping their home in Iowa so they can visit the grandkids and stay connected to their friends from the neighborhood. Allegiant Airlines has cheap airfare with a Mon-Fri direct flight from Des Moines to Mesa and both airports are less than an hour drive to their respective houses.
     
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  12. SpokaneCY

    SpokaneCY Well-Known Member
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    Apr 11, 2006
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    Manager of Natural Gas / RETIREE!
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    Retiring next year and wife and I just bought a "paired patio" in Colorado Springs in the foothills. Maintenance free... It will be our only home. When we first got married the thought was 2-3 condos in various areas but its expensive to keep and maintain that many homes.
     
  13. ArgentCy

    ArgentCy Well-Known Member

    Jan 13, 2010
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    What is this retirement thing of which you speak?
     
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  14. CycloneDaddy

    CycloneDaddy Well-Known Member

    Sep 24, 2006
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    Will have something at the Ozarks on the water. Not sure if it will be a house or condo. Will depend on how many millions I have in the bank when I retire.
     
  15. 2forISU

    2forISU Well-Known Member

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    Nashville has boomed and there is a reason why (great city). There are a lot of nice towns around Nashville that are very affordable, but outside of Knoxville might be my choice.
     
  16. Sparkplug

    Sparkplug Well-Known Member
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    #16 Sparkplug, Sep 2, 2019
    Last edited: Sep 3, 2019
    I’ve always wanted to retire in Ames because of the many sporting,art, senior classes etc.
     
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  17. isuno1fan

    isuno1fan Well-Known Member

    Mar 30, 2006
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    No reason to leave the DSM area. Plan to stay in my primary residence year round.
     
  18. SolonCy

    SolonCy Member

    Aug 23, 2008
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    Permanent house in Iowa; 5 acres in Montana; 1 acre lot in St Petersburg, FL and a 36' RV to go in between the three locations. That will do for me until I can't drive anymore.
     
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  19. cdekovic

    cdekovic Well-Known Member

    Mar 25, 2006
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    So back to the original topic...
    We have explored the Palm Springs area as well. Lots of weird land things going on there. Certain areas have homes on leased land and you don’t pay property taxes, the land owner does. You pay the landowner rent for the land your house sits on.

    Aside from the land weirdness, PS seems like a nice place to land but the thought of living in CaliTAXnia is mind blowing. Their taxes are incredibly high. PS, like much of the Southwest, is really, really, really hot. And did I mention it’s hot?

    We have also looked in AZ, FL, TX. All of which have more favorable lifestyles than CA. We would likely not try and manage two homes. Closed up, unlived in houses get to smelling, ewwww.

    That is all
     
  20. SECyclone

    SECyclone Well-Known Member
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    MOM MEATLOAF
     
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