In what city do you think it’s best to retire?

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@HumblyinChrist, other than we are going to die and pay taxes there are no guarentees.  PR is a good deal because too many think like you.  It may take twice as long to get power as they estimate today.  Sooooooooooo!  I doubt that property value is going to sink any more.  You can't say that about any property you hold today.  To get ahead you need to think smarter than the rest of us. PR has already fired the power industry that robbed them blind.  They will do more but not enough so it will be as reliable as the US.  I suspect it is safer than Mexico or Costa rica.  We were warned not to take advantage of the bargans for Canncun from my brother in law in south FL. They can't even stop the crime against tourists at a location that brings in so much money.  He and his friends used to use it for a weekend get away since it is only a few hrs away.  Not any more. 

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Interesting concept, but what if another hurricane comes through there this year in Puerto Rico? Or what if electricity and water is never restored? What if no one moves back to those islands? What if the cruise lines decide that their tourists don’t want to land on the island anymore? That territory has no way to grow their economy.

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Then move away ! Complains about everything! Go and take all the other conversationalists with you!
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TRUE. Don't forget the scoundrels in fed'l gov't.
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Right where I am, in the heart of Iowa. We have some of the best farmland in the entire country. I can grow a garden pretty much effort free. The land provides what the plants need, I only supplement with organic matter. Small town, great hospital, low crime, larger cities 30-60 minute away, great schools, friends and neighbors. Totally happy here.
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@ASTRAEA

Silly me, I don't mind doing a little manuvering to save a few hundred grand. 

 

You can still sell your house in the north invest that money and rent where ever you want to go.  Your investments should about pay for your rental. Where I want to buy which is very desireable on the water beach front devalued like a stone in 2008.  Depending on the location, we have 3 sites in 3 different states in mind, dropped from 50% to almost that much in 2008-2009.  We can buy a 1.2 million dollar home for $600-700 K.  It took about 10 years or more for those places to fully recover.  I would hate to buy for 1 million then have it crash to 500k and have it stay below the water line for my entire life. This next crash might be big enough not to recover in 20 years.  The current P/E ratio is about what it was before the great depression. I just don't like losing that big and don't mind spending a few years for a smarter plan of action..  

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@ASTRAEA I completely agree.  You move because you need to. 

 

We are planning to buy a beach house but have no real time frame.  We have plenty of funds but why waste money?  The housing market crashes every 10 15 years so it is wise to wait till the crash. Beach houses depreciate the most.  You dump them so you can preserve your real house.  I have been educating myself fro the last 5 years.  I have learned to take the time and play smart.  We will rent until that time.  It is crazy to buy something then have it lose $500,000.  I am not in that muuch of a hurry.  I tried to talk my wife into PR but she is a teacher and bad spanish kids make her life hell.  We don't need to conserve our money thank god. 

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@RonMesnard - I can see that you're going to split hairs & be argumentative, and live's too short for that.


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@RonMesnard - Except for real estate investors, don't you think the average person buys based on a current life event/situation, rather than trying to time the market for the best profit?

 

I bought my 1st house in 1985 for $199K, and prices appreciated steadily until the mid-2000s. I knew I wanted to move to the shore, but couldn't do it while I was working, or until after I was no longer a caregiver; I had no control over that timing. At the point I started house hunting, the value of homes in my area were declining, but those in my target area weren't (yet). So to maximize the price I got for the house I sold, I had to buy near the top of the market in my target area. At that time, there was no indication if prices would hold in that area, or the decline was just delayed .. which it turned out to be. So my 2nd house is worth less than I paid for it.

 

I now want to move further south, and time doesn't stand still for any of us .. we're all getting older. Why waste my life trying to time the real estate market where I live now & my new target area, to attempt to maximize my sale price while hoping purchase prices don't go up in my target area faster?!


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Mild is a relitive term.  I know your eyes do not freeze if exposed to the air as it is at the artic circle. I stated it was mild for how far north it was.  That is very true!

 

No, but my brother has lived there for over 30 years.  I live outside DC several hundred miles to the south.  We compare what is growing and temperatures often.  Usually we are about a week early but last week he was earlier than DC.  He must live in the warm part of Brooklyn because it is quite a deal warmer than your Brooklyn as you remember it.  Last year we had 3 feet of snow.  That sure beats over 2 feet and we are hundreds of miles south of NYC.   You probably live more than 100 miles north of us.  You should be colder not warmer than DC. Philly got hit with 2.5 feet while my wife visited there 2 months ago.  Maybe you live in a seperat reality.  All my Jersy Face Book friends loaded up photos of their snowmagetton for that same weekend.  I wonder how you only got 15" for a high this year when from Baltimore to Portland was slammed with snow?  2 feet in Baltimore and the snow accumulated more as you moved north.  Brooklyn got only a foot of wintery mix while we got rain.

 

I have relatives in upstate NY.  I assure you they have much much worse winters than NYC.  My aunt lives outside Buffalo. While NYC got 3 feet it snowed nonstop for over a week there. We have commemorative tote bags showing houses with snow half way up the second story. The total accumulation was over 10- feet. I consider that a rough winter. That is what I mean when I say NYC has mild winterers for being so far north.

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