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]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]

I love my condos they are both about 1,300 sf with balconies, pools and other amenities. Condos are a tricky purchase, we just lucked out that we are on the end in both condos and only have one adjoining wall. The building is concrete so you can't hear anything. Only recently we can smell pot every once in awhile in one building. Our HOA is very expensive in one building so people who live here are very concerned with the upkeep and condition of the building and are a bit aloof, but that doesn't bother me. The special assessments can be pricey on an older buildings but I was always spending money on my house (new roof, windows, water heater- always something). I also don't have to use the elevator in either of my condos so I don't really have to interact with my neighbors to much, similar to when I lived in a house.
I'm on an east coast city and Miami Beach.[/quote]

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