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View Poll Results: Will you rent or own in retirement?
Am and will always be a renter. 3 3.45%
Am and will always be a home owner. 71 81.61%
Will sell prior to retirement to rent. 2 2.30%
Renting but will buy retirement home. 3 3.45%
Own property(ies) and will rent/house swap. 6 6.90%
Other, boat/RV/Commune 5 5.75%
Multiple Choice Poll. Voters: 87. You may not vote on this poll

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Old 11-27-2007, 08:22 PM   #21
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Lazy,
From what I've learned of the cruising world, buy a boat and the mates will find you! I dated a guy who spent his entire life sailing the world. He sailed his own boat ,other people's boats, you name it. He decided to settle down get a degree in Engineering and work for a while (that is when I met him). He was actually on his way out as he missed the cruising life. (I'm prone to motion sickness.) But I can certainly understand the draw to such a life. It seemed like an incredibly free and interesting life! For a while I met him in different ports on his way to Australia. There's a whole community out there. It was fascinating to say the least!
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Old 11-27-2007, 09:51 PM   #22
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thanx mountaintosea. you might be right and i might just be using this as an excuse to hold myself back but my concern, as it overshadows so often in my life, is my sexual orientation. just from a practical approach though, odds are i'd have a better chance to find someone on land. i just have to make sure they can swim. "hey stud. what's your sign? am i your type? can ya swim? wanna sail around the world for the rest of your life?"

so i try to find middle ground. maybe first a few years on land to give that a chance and then head to sea. i suppose i wouldn't feel so rushed if i wasn't 50 already and the looks weren't fading fast and there wasn't so little youth left of me. good thing i'm still immature or i'd be worried.

i guess eventually you have to live your life in a way that makes you happiest and then if someone is able to join you so much the better.
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Old 12-01-2007, 03:04 AM   #23
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I couldn't agree more. Also, I am trying to avoid living in a development with a homeowners' association, fees, and possible assessments, in order to keep both the cash flow and potential annoyances as low as possible.
When HOAs are run well, I don't have problems with them. So far the two I've been a part of have been pretty good. Our condo HOA had low costs and was pretty relaxed in general. Current HOA has average costs, but also covers re-roofing, external painting, and landscaping on our SFR. Neither have had any assessments in quite a while (not since I've owned or even several years prior)
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Old 12-01-2007, 08:08 AM   #24
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When HOAs are run well, I don't have problems with them. So far the two I've been a part of have been pretty good. Our condo HOA had low costs and was pretty relaxed in general. Current HOA has average costs, but also covers re-roofing, external painting, and landscaping on our SFR. Neither have had any assessments in quite a while (not since I've owned or even several years prior)
But how do you know for sure that they are well run, and will be in the future, before you buy and commit to (hopefully) a lifetime living there? Do you really trust your real estate agent or other residents (who may be trying to justify their decisions) on something as important as that? I wouldn't. I really don't like the control issues that HOA's often seem to be able to exert on a whim. And just when you haven't had any assessments is when the Big One could arise.

OK, that is the argument on one side. Still, I have not totally ruled out living somewhere with an HOA simply because with some of them, I wouldn't have to deal with the lawn and yard at all. To me, the only purpose of a yard is to provide separation from one's neighbors. I don't actually use my yard so it's a pain in the rear to keep it looking nice. If I don't have that sort of arrangement I will probably hire a landscaping company to take care of the yard.
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Old 12-01-2007, 10:01 AM   #25
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Ask some of the neighbors what the HOA is like. My experiences in condos was mixed and in home communities it was universally awful.

Lawn service is realllly cheap compared to HOA dues. A lot of major exterior renovations require special assessments, so you end up paying for the work anyhow. One condo association I was in the "board" wasnt that interested in having a lot of meetings or enacting new nazi/nanny rules. But they took care of major problems and kept the place fixed up. My last HOA would for some reason allow major problem residents to continue driving people out of the neighborhood, and then would suddenly spastically attack a good resident for some oddball issue. Remember the "yellow house" debacle that was in the national news a couple of years back? Yep, that HOA...

A Yellow House? Well, We Can't Have That - New York Times

The house is still yellow, btw...

No more HOA's for me. They seem to often draw the sort of busybodies that want to tell everyone else how to live.
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Old 12-01-2007, 10:13 AM   #26
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Ask some of the neighbors what the HOA is like. My experiences in condos was mixed and in home communities it was universally awful.
Human nature being as it is, I find that people want to justify their own decision (to live in a community) to themselves. So, I would tend to view any neighbor's glowing statement with considerable skepticism.

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Lawn service is realllly cheap compared to HOA dues.
True, although lawn service is also really cheap compared with total landscaping services. Right now I am only paying $30/mow for my lawn service, but keeping the rest of the landscaping neatly trimmed, weeded, and under control is just wearing me out. Of course when I move north, the jungle like outrageous growth of everything and the need to constantly be cutting things back will be less (thank goodness). During the past five years I have been so busy with cutting back that I haven't planted one single thing. Banana trees grow feet per week down here. Ugh.

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No more HOA's for me. They seem to often draw the sort of busybodies that want to tell everyone else how to live.
THAT's what turns me off about them the most, not the money or even the assessments (although regular money outflow after ER that could be avoided is not my idea of a really smart move, for me). I don't like people like that and I sure don't want to put myself in a position of having to interact with people like that. ICK!!
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Old 12-01-2007, 04:50 PM   #27
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But how do you know for sure that they are well run, and will be in the future, before you buy and commit to (hopefully) a lifetime living there? Do you really trust your real estate agent or other residents (who may be trying to justify their decisions) on something as important as that? I wouldn't. I really don't like the control issues that HOA's often seem to be able to exert on a whim. And just when you haven't had any assessments is when the Big One could arise.
With the previous HOA, it was only 8 people... small, cheap, and therefore I had an actual 1/8 vote on all issues. Few HOA meetings unless some major issue came up, but they typically collected enough in HOA dues to ensure that assessments were few and far between. They only raised HOA dues once, from $170 to $195 so they could have a little more buffer because every member of the HOA actively wanted to avoid assessments. I voted for the HOA increase based on the issues presented.

With the current HOA, I talked with the person who was previous director of the board for several years. We walked around the neighborhood a few times a week and talked with different neighbors.

Also one thing we liked was reading the HOA newsletter as it gave me a feel for the general nature of the HOA.

You can never be "too" sure with HOAs, but you can do enough research into their financials, their neighbors, and their CC&Rs to get a good idea of whether or not the HOA is likely to be a benefit or a detriment.

Always find out how often assessments have been, for how much, check out the balance sheets and income statements... treat the HOA like a business you're thinking of investing in, because that's ultimately what it is... a business agreement.
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Old 12-01-2007, 04:53 PM   #28
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Lawn service is realllly cheap compared to HOA dues. A lot of major exterior renovations require special assessments, so you end up paying for the work anyhow.
Current HOA does all landscaping, including gutters during the winter, etc. Replace roofs, repaint houses, and no assessments to cover it. They have it all budgeted in the HOA dues... a cycle where each year certain houses get their new paint, new roofs, etc. Sometimes even houses that look like they don't "need" it get it because it's their turn and it was budgeted for.

For $150/month, I can't argue with that. I did the math, and it does cost a little more (assuming I do need a repaint and new roof at least once while I live here for several years), but in the end not having any hassle for the aspects of maintenance I want the least to do with is well worth it.
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Old 12-01-2007, 05:00 PM   #29
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I voted in the poll. We will own a home. But, we will rent our snowbird dwelling instead of buy.
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Old 12-02-2007, 07:12 AM   #30
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OTOH we have rented our snowbird home for 10 years (two months), but next year we intend to spend 6 months there, so we purchased our Casa in the sun because the economics made sense. I am looking forward to some Home Depot trips until we get it personalized, but it should be manageable because it is a condo. Oh and it has proximity to shopping, the beach and jungle, handy transit, 3 minutes to downtown.
I have been interested in PV for a while so I checked out your place -- nice, but you need to fix your links. You list a price for Dec 15 - Mar 15. Are you renting it out then and going down yourself later?
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Old 12-02-2007, 09:28 AM   #31
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I owned a home for 30 years and loved it until the last 5 years. All the upkeep finally started to wear on me (acreage with 5000sq.ft home).

...
OTOH we have rented our snowbird home for 10 years (two months), but next year we intend to spend 6 months there, so we purchased our Casa in the sun because the economics made sense.
Thanks for sharing the pictures and info.

I have been to PV a couple of times... most recently back in 2003. The maps you show helped jog my memory... I think drove up through that general area... Nice views.
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