Anonymous wrote:OP-
Where on the west coast? As a practical matter, it ought to be a location with lots of direct flights from the DC area (or wherever you live).
Anonymous wrote:We are the process of figuring this out. I grew up in California and we want to retire near the beach. We’ve been looking at buying now in cheaper beach community and renting out as a corporate rental (14-30 day rentals). The location is very good. We’d use the house for school holidays, our family lives a few blocks away. So we are targeting a very specific neighborhood.
We would retire 20 years from now. Ideally house would be paid off and we could then gut renovate. We’d keep our DC rowhouse.
This is our tentative plan. We are really committed on executing this in the next year or two. I think home prices will soften more. We really should’ve bought 2-3 years ago but we didn’t have a second down payment saved up yet.
Anonymous wrote:We’re bi-coastal with kids. Kids attend school in the DC area. We travel back and forth to the west coast as a family several times a year and maintain residences on both coasts.
Do you have a specific question?
Anonymous wrote:Summers are really good n the Bay Area. Even with the crazy heat waves, it wasn’t that bad here and it quickly cools down an hour or two before sunset. You could definitely do something like a long term rental to stay the entire summer here or buy a second home that you spend summers and breaks. If you are looking at very frequent travel back east, it will be more difficult until business travel picks up. A lot f the frequent direct routes back east have not returned. For example, I had to fly SFO to Dulles instead of SJ to BWI. Fine if you’re doing Peninsula to NOVA but a pain if you’re doing South Bay to Maryland.
Anonymous wrote:I live on the west coast in an area with a lot of transplants. Our summer weather isn’t great. There are a decent amount of families from our school that go back east and stay at family summer homes or move back with their kids to their childhood homes for the summer- enough that it’s hard to schedule playdates and get-togethers. They put the kids in summer camps and sports out there. The trick seems to be to make sure that both places have the same school schedule. For example, in the Pacific NW, most school schedules match traditional post-Labor day school start schedules in NY or MA. But matching up a CA life with an early August school start with an east coast schedule would make summer awkward for camps/sports/socializing in the other place.
The only people I know who maintain two homes are doing it on the coast and in the mountains. Not on both coasts. But I’m not in LA or Sam Francisco so it might be more common there?
Anonymous wrote:We’re bi-coastal with kids. Kids attend school in the DC area. We travel back and forth to the west coast as a family several times a year and maintain residences on both coasts.
Do you have a specific question?