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[quote=Anonymous][quote=Anonymous]Thanks, everyone.  It's actually helpful to think these through with a bunch of strangers!

I agree with the poster who said that adult children need to have a "home" to come home to.  Yes, that's important to me also.  If it weren't for climate change, I'd just make our beach house (which is a block from the beach but looks like a traditional house) our home.  But we know we need to sell it within the next decade to avoid the mess that our island is going to become.

I'll keep looking for options.  Maybe we can find a small townhouse for what our current house would sell for.  It's partly those crazy expensive HOA costs that seem to be pricing us out. [/quote]

if you think that the beach house value will diminish in the future because of increasing chances of flooding, you probably ought to sell now before that becomes a reality.  Waiting is market timing, and means taking on the risk that your timing will be off.  If you wait too long to try to sell, the property may be unmarketable by then.  Part of your retirement financial planning should be the adoption of a suitable retirement risk profile for all your investments, arguably including your beach house since it's not your primary residence.  With the cessation of income from employment, it may not be appropriate to continue to hold on to an asset which looks likely to become more risky as time goes on.  [/quote]

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