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Reply to "Anyone transition from big pay/big house/big expense to a low cost, simple, yet fulfilling retirement life?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I have kept a rental property in our city in case our kids want to move back home someday. Right now, it provides us with significant cash flow, but we don't really need it, and I'd let the kids live there while they save money to buy their own home. They can't move back home. We are both a little older, a little OCD and love quiet evenings, so having 20-somethings in and out would be hard. One of them, in particular, clashes too much with DH to live with us after 22. [/quote] just curious, did you have kids late in life? I know older people struggle with adaptability. [/quote] DP: nope, we had our kids at 30 and 35. we have downsized to a 2bed/2bath condo in the city, near our previous home (15 miles away). We love it, but it's not a place for more than the 2 of us for very long. We will happily help our 20 yo financially should they return to our city after college (VHCOLA) and help them get a rental in our condo bldg or a nearby apartment building. Best of both worlds---they are living in our city, nearby yet all of us have our space. With only a 2bedroom, we like the 2nd bedroom for Work from home and just to have extra space (set up ironing and clothes drying in there, sort the bills/etc) so I can keep the rest of the place (not much) clutter free. [/quote] re I'm the original PP who said the kids can't move home after college, though we will help them get started in other ways. It's refreshing to read that I'm not the only person who feels this way. I love my kids and look forward to a great relationship with them that does not include cohabitation. [/quote]
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