Reply to Anyone transition from big pay/big house/big expense to a low cost, simple, yet fulfilling retirement life?

Forum Index » Money and Finances

Reply to "Anyone transition from big pay/big house/big expense to a low cost, simple, yet fulfilling retirement life?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous]Before we retired we sold our single family home in the city and bought 2 condos, one at the beach and one in the city. Makes it very easy to close the door and walk away. HOA takes care of everything, packages, gardens, pool, security, maintenance.

Our life is so streamlined now, we don't really need a car as we can walk everywhere. One of our kids returned after college and we have plenty of room. We may just lend them $ to purchase something, we made plenty of money sending our house and downsizing.[/quote]

Do you like condo living? This sounds appealing on many ways but I’m leery of condos - the condo board politics, close quarters with neighbors, noise issues from other units…I know it might all be fine but I wonder if there would be aggravation.

Where are your condos - DC and OC - or a different beach?[/quote]

I had a beach condo for awhile and loved so many things about it. But some point the Board changed the bylaws and revised the payment system for major maintenance resulting in a large special assessment (>$50,000) for certain sections. Before doing this, the Bard had all of the major maintenance done on sections that benefited them. And there is a certain section where there are structural issues that the Board isn’t making decisions to move forward to ameliorate those structural issues which makes it impossible to sell. This experience makes me wary of condos. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics