True. The Central CA link includes two property listings: a “cute” (ie. small) 2 bedrm cottage for $450,000 and a 3 bedrm for almost $700,000. That’s what properties cost in California, which is why I’m now looking at Portland (not for retirement but for now).
[quote]Others have stated dreams of retiring further south in Mexico or Central America where it’s warmer and cheaper. Couple of questions for the latter:
Do you habla espanole?[/quote]
Not a problem. Just add an “o” or an “a” to the end of most words and you’ll do fine.
Actually, my friend’s parents who retired in Baja speak fluent spanish, my friend who retired in Phuket speaks fluent Thai, and my parents know an elderly American couple who spend half the year in Colorado and half the year at their place in Italy and I believe they speak decent Italian. I think you raised a good point: if one lives there for a prolonged period one would want to speak the language.
[quote]Have you checked out the health care?
I would love to have a home, maybe retire to one of these spots, but the concern about health care gets to me. You won’t necessarily be as healthy as you are now, and will you have access to care there?[/quote]
Another good point. It’s one thing for a bunch of 20 something and 30 something year olds to dream of living on tropical beaches or on secluded islands, but you’re right. By the age of 50 or 60 or 70 such healthcare concerns will be more important.
My parents are in their mid-70s and live in a beautiful house in the SF Bay Area, with beautiful wood floors, a nice kitchen, private yard and outstanding view of the bay. I’m sure they’d like to live there till they die. But the stairs up from the garage will soon be too much for them, soon they won’t be able to (or more accurately shouldn’t) be driving, so how will they get groceries, go to the post office or the doctor. And in typical American fashion, our family is spread out thousands of miles apart, with one son in Seattle one in Denver and one in Taipei. So they can’t rely on us for assistance. Consequently, I believe in the next year or two they’ll start looking at old-folks homes. Maybe that subject doesn’t belong in this thread on “dream” retirement plans, but it’s the reality. Fortunately, for those who can afford it, I believe there are some fairly nice retirement homes in beautiful locations like La Jolla (prime San Diego oceanfront location) with good food good service and hopefully decent companions.
I agree that a tropical beach or a sailboat with bikini babes sounds preferable, but if one can’t climb upstairs, gets confused and leaves the stove on or can’t remember how to get out of the room, then sadly the above may be more realistic eventually, in addition to the need for simple access to decent affordable healthcare as noted.