Join Early Retirement Today
Reply
 
Thread Tools Search this Thread Display Modes
So what will be the benefit? She asked.
Old 04-21-2017, 04:43 PM   #1
Thinks s/he gets paid by the post
 
Join Date: May 2014
Posts: 1,664
So what will be the benefit? She asked.

I told her I had arranged to see a couple houses in a nearby well established 55 and older gated community. She asked "what are the benefits" I answered.
1. The taxes on casa RayinPenn are 10 grand a year.. there half that.
2. For a couple hundred a month they shovel the snow and mow the lawn and take care of the pool.
3. Security (we recently installed cameras and see all approaches - moats are out of the question) more and more I like those 'gates' in those gated communities
4. Turn key - when we travel we just lockup and go.
5. More oldsters, like us.
6. One good knee ray (the metal one) likes the thought of that first floor Bedroom.

"You could get a mowing service" ..."yeah I could but I don't want to. " it occurred to me here, among the stately homes, there is very little sense of community.

I said let's just look ... she agreed...
Like to add to my list? Post an opposing view?
__________________

rayinpenn is offline   Reply With Quote
Join the #1 Early Retirement and Financial Independence Forum Today - It's Totally Free!

Are you planning to be financially independent as early as possible so you can live life on your own terms? Discuss successful investing strategies, asset allocation models, tax strategies and other related topics in our online forum community. Our members range from young folks just starting their journey to financial independence, military retirees and even multimillionaires. No matter where you fit in you'll find that Early-Retirement.org is a great community to join. Best of all it's totally FREE!

You are currently viewing our boards as a guest so you have limited access to our community. Please take the time to register and you will gain a lot of great new features including; the ability to participate in discussions, network with our members, see fewer ads, upload photographs, create a retirement blog, send private messages and so much, much more!

Old 04-21-2017, 04:45 PM   #2
Full time employment: Posting here.
 
Join Date: Jan 2013
Posts: 775
Are the 55+ houses in the same school district?

Here in NJ, the owners of 55+ homes pay just as much.
__________________

broadway is offline   Reply With Quote
Old 04-21-2017, 04:46 PM   #3
Thinks s/he gets paid by the post
 
Join Date: May 2014
Posts: 1,664
Quote:
Originally Posted by broadway View Post
Are the 55+ houses in the same school district?

Here in NJ, the owners of 55+ homes pay just as much.

One town away.. but they have more industry and the homes are a bit smaller...
rayinpenn is offline   Reply With Quote
Old 04-21-2017, 04:47 PM   #4
Full time employment: Posting here.
 
Join Date: Jan 2013
Posts: 775
Ah, so more tax base.
broadway is offline   Reply With Quote
Old 04-21-2017, 04:57 PM   #5
Thinks s/he gets paid by the post
 
Join Date: Dec 2014
Location: St. Charles
Posts: 1,629
We are not in a 55+ community, by definition, but in reality most of us are. We have a one story town home (unfinished basement), 2 car garage, mowing, snow shoveling, staining of the exterior all included. They rebuilt the tie-wall with stone. Private patio.

If you consider the cost of paying for the above, plus having an indoor and outdoor pool, plus the association covers insurance for the structure (studs out), $225/ month does not sound so expensive.

YMMV, but it works for us.
__________________
If your not living on the edge, you're taking up too much space.
Never slow down, never grow old!
CardsFan is offline   Reply With Quote
Old 04-21-2017, 05:01 PM   #6
Moderator Emeritus
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 42,775
Quote:
Originally Posted by rayinpenn View Post
"You could get a mowing service" ..."yeah I could but I don't want to. "
I guess it could be inconvenient to find a good mowing service. At the 55+ community they will decide what mowing service to use and arrange it for you. You will not have to bother with having any choices to make.

We have a lawn guy that has mowed for F's family for 50 years or so. That's what he does for a living; he mows dozens of lawns each week. Percy is reliable, honest, and a genuinely worthy person who works very hard. Frankly I like employing someone like him. And, if someone is going to be in my back yard when I am not home, I'd rather it was Percy. We mow all year around here, and I pay him by the mow but it adds up to around $1,400/year at $35/mow. He mows every week except every two weeks in the dead of winter, and he skips mowing when it is raining.

As for the other factors you mentioned, I agree, you have got to get out from under that $10,000 property tax! That's got to be a huge burden to anyone's budget, I would think.
__________________
I have drunken deep of joy,
And I will taste no other wine tonight.

― Percy Bysshe Shelley
W2R is online now   Reply With Quote
So what will be the benefit? She asked.
Old 04-21-2017, 07:01 PM   #7
Thinks s/he gets paid by the post
 
Join Date: May 2014
Posts: 1,664
So what will be the benefit? She asked.

Quote:
Originally Posted by W2R View Post
I guess it could be inconvenient to find a good mowing service.....
As for the other factors you mentioned, I agree, you have got to get out from under that $10,000 property tax! That's got to be a huge burden to anyone's budget, I would think.

It isn't the 'inconvenience'- my son best friend is a mows 20 lawns or so. It is looking out the window and seeing someone else mowing my lawn. And the painful admission that I now longer can, want to or should. I've mowed one way or another for 50 years ...even with my John Deere it has lost its magic.. I'm told without work the lawn, the snow aren't big deals. Perhaps it is the change I seek.
rayinpenn is offline   Reply With Quote
Old 04-21-2017, 07:15 PM   #8
Moderator Emeritus
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 42,775
Quote:
Originally Posted by rayinpenn View Post
It isn't the 'inconvenience'- my son best friend is a mows 20 lawns or so. It is looking out the window and seeing someone else mowing my lawn. And the painful admission that I now longer can, want to or should. I've mowed one way or another for 50 years ...even with my John Deere it has lost its magic.. I'm told without work the lawn, the snow aren't big deals. Perhaps it is the change I seek.
If the homeowner's association arranges for your lawn to be mowed, you are going to look out the window and see someone else mowing your lawn, too.

I was reluctant to stop mowing when I did (back when I was in my mid 50's), but a friend at work pointed out that older people actually have heart attacks and die if they mow in the New Orleans heat. And honestly, at that age I could only mow either the back or front yard in that heat before I needed to quit. So, both Saturday and Sunday were shot. I decided to quit mowing and join a gym.

Usually I am occupied with other things and don't spend any time watching Percy mow. He's done and gone pretty fast.
__________________
I have drunken deep of joy,
And I will taste no other wine tonight.

― Percy Bysshe Shelley
W2R is online now   Reply With Quote
Old 04-21-2017, 07:29 PM   #9
Moderator
Aerides's Avatar
 
Join Date: Nov 2015
Posts: 3,937
I pay a local business to mow, about $1100 per year but that's weekly cuts for 6 months, and on a 2-week schedule the rest. On a corner lot with about a 1/4 acre it's well worth it to save me the time and equipment. Also, S Fla makes that a sweaty hell of a job about half the year. It's the best check I write, and one I have no problem with at all.

But Ray, to sell your wife, you need to think of the less tangible benefits for her. Is there a club? Social life? Walking distance restaurants? What does she love and what angle would appeal to her?
Aerides is offline   Reply With Quote
Old 04-21-2017, 07:40 PM   #10
Thinks s/he gets paid by the post
RobbieB's Avatar
 
Join Date: Mar 2016
Location: Central CA
Posts: 4,550
Yeah, does she want to move or is she happy where she is?

You may be in for far more misery...if Mama's not happy, nobodies happy -
__________________
Retired at 59 in 2014. Should have done it sooner but I worried too much.
RobbieB is online now   Reply With Quote
Old 04-21-2017, 09:24 PM   #11
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
 
Join Date: Mar 2011
Posts: 6,051
Quote:
Originally Posted by CardsFan View Post
We are not in a 55+ community, by definition, but in reality most of us are.
I never thought of it but now that you mention it, everyone in our neighborhood--30 houses on each side of us--are over 55.
__________________
Living well is the best revenge!
Retired @ 52 in 2005
marko is offline   Reply With Quote
Old 04-21-2017, 09:33 PM   #12
Moderator Emeritus
W2R's Avatar
 
Join Date: Jan 2007
Location: New Orleans
Posts: 42,775
Quote:
Originally Posted by marko View Post
I never thought of it but now that you mention it, everyone in our neighborhood--30 houses on each side of us--are over 55.
Same here, for the most part. I really like my neighborhood.
__________________
I have drunken deep of joy,
And I will taste no other wine tonight.

― Percy Bysshe Shelley
W2R is online now   Reply With Quote
Old 04-21-2017, 09:57 PM   #13
Recycles dryer sheets
 
Join Date: Sep 2016
Location: Lincoln
Posts: 115
We moved to a 55 and over community 5 years ago just after I turned 55. My husband (just 53 at the time) was the driving force. We love it here. It's a Sun City development with many perks. We pay $118 a month for homeowner association fees which includes the 2 large gyms, 4 swimming pools and various walking trails and community center. There are over 200 clubs to join for nominal fees (needle arts - crochet, quilt, knit, jewelry making, water color painting, yoga classes, water volleyball teams (110 members), softball, pickleball, bocce ball, etc. There's the stock market group and geneology group, various book clubs, card groups, ping pong...on and on. If you don't like any of that, nobody makes you join. We found that our old house (2 stories - all bedrooms upstairs and swimming pool that no one swam in was a waste of money and time to upkeep plus the neighborhood wasn't cohesive. Our house here is all 1 story and we do maintain the front yard but may do a low maintenance type yard eventually. Back yard is low maintenance already. The restaurant and sports bar are delicious and inexpensive. Life is great here! There's a golf course here that is not included in homeowner fees but there's discounts for residents who want to play. We also have a golf cart to cruise around in. Our kids love this house when they visit. It's a lot more conducive to entertaining with 2 master bedrooms in opposite sides of house and a casita (another bedroom near the front entrance). Neighbors are friendly and people keep up their homes (they have to - CC&Rs). Best decision we ever made!
Travelfreek is online now   Reply With Quote
Old 04-22-2017, 08:18 AM   #14
Thinks s/he gets paid by the post
euro's Avatar
 
Join Date: Oct 2015
Posts: 1,272
Quote:
Originally Posted by W2R View Post
Same here, for the most part. I really like my neighborhood.
Same here - neighborhood opened up 25-30 years ago and filled up with young families/kids. So, pretty much everyone in their 50-ies and 60-ies now. Very little turnover.
euro is offline   Reply With Quote
Old 04-22-2017, 09:49 AM   #15
Thinks s/he gets paid by the post
ivinsfan's Avatar
 
Join Date: Feb 2007
Posts: 4,529
You have posted more then a few times that you want to leave your current area for warmer weather, so what would the benefit of relocating twice? If you are not sure where you are going to end up it's going to cost you a lot more money.
ivinsfan is offline   Reply With Quote
Old 04-22-2017, 11:22 AM   #16
Give me a museum and I'll fill it. (Picasso)
Give me a forum ...
pb4uski's Avatar
 
Join Date: Nov 2010
Location: Vermont & Sarasota, FL
Posts: 23,599
Quote:
Originally Posted by rayinpenn View Post
I told her I had arranged to see a couple houses in a nearby well established 55 and older gated community. She asked "what are the benefits" I answered.
1. The taxes on casa RayinPenn are 10 grand a year.. there half that.
2. For a couple hundred a month they shovel the snow and mow the lawn and take care of the pool.
3. Security (we recently installed cameras and see all approaches - moats are out of the question) more and more I like those 'gates' in those gated communities
4. Turn key - when we travel we just lockup and go.
5. More oldsters, like us.
6. One good knee ray (the metal one) likes the thought of that first floor Bedroom.

"You could get a mowing service" ..."yeah I could but I don't want to. " it occurred to me here, among the stately homes, there is very little sense of community.

I said let's just look ... she agreed...
Like to add to my list? Post an opposing view?
Technically, our Florida winter condo is not 55+ but many of the owners are 55+ ... no families that I am aware of... the kids we see are visitors.

Are there amenities ray? Ours has a very large pool and there is water aerobics at 9 am on Mondays, Wednesdays and Fridays. Men's poker is on Tuesday afternoons. The women plan mah-jonng on Wednesdays and there is a community cocktail party on Wendesdys as well. We have a golf league that plays at a nearby golf course on Thursdays and the women play cards on Thursday afternoons.

I say the benefit of our association is a really nice sense of community... all are welcome to the activities but if people prefer not to participate that is fine too.

SF is 60% of our main home, property taxes are 30% of our in home, HOA fees cover grounds, outside maintenance, water, sewer and basic cable for ~$300/month.
__________________
If something cannot endure laughter.... it cannot endure.
Patience is the art of concealing your impatience.
Slow and steady wins the race.

Retired Jan 2012 at age 56...60/35/5 AA
pb4uski is online now   Reply With Quote
Old 04-22-2017, 11:29 AM   #17
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
REWahoo's Avatar
 
Join Date: Jun 2002
Location: No Country for Old Men
Posts: 45,698
Quote:
Originally Posted by pb4uski View Post
Technically, our Florida winter condo is not 55+...
I thought the entire state was 55+.
__________________
Numbers is hard

Charter resident of the lumpen slums of cyberspace

Retired in 2005 at age 58, no pension
REWahoo is offline   Reply With Quote
Old 04-22-2017, 11:51 AM   #18
Administrator
MichaelB's Avatar
 
Join Date: Jan 2008
Location: lumpen slums of cyberspace
Posts: 30,295
Quote:
Originally Posted by REWahoo View Post
I thought the entire state was 55+.
Used to be. Now it's even older.
MichaelB is offline   Reply With Quote
Old 04-22-2017, 01:46 PM   #19
Thinks s/he gets paid by the post
walkinwood's Avatar
 
Join Date: Jul 2006
Location: Denver
Posts: 3,003
Today, I wouldn't want to live in a place where everyone is 55+.

I however like ever other point you've made. At some point, we'll move to an apartment, but right now, we're still enjoying our house.
walkinwood is offline   Reply With Quote
So what will be the benefit? She asked.
Old 04-22-2017, 04:07 PM   #20
Thinks s/he gets paid by the post
 
Join Date: May 2014
Posts: 1,664
So what will be the benefit? She asked.

Quote:
Originally Posted by ivinsfan View Post
You have posted more then a few times that you want to leave your current area for warmer weather, so what would the benefit of relocating twice? If you are not sure where you are going to end up it's going to cost you a lot more money.

1) I've got a daughter graduating college in a few days, her job is about 40 minutes away from our present home.
2) my son will start state u in September if I move add 10 a year grand to the cost for an out of state tuition.

I may have to settle for snow birding it for a while.
__________________

rayinpenn is offline   Reply With Quote
Reply


Currently Active Users Viewing This Thread: 1 (0 members and 1 guests)
 
Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Tell me about "Fraternal Benefit Society" GBU JerryinPA Other topics 15 06-19-2019 01:16 PM
Pension Benefit Guaranty Corporation Max Benefit ? Delawaredave5 FIRE and Money 23 12-17-2015 09:12 AM
Is ss Survivor Benefit a Lifetime Benefit? Idnar7 FIRE and Money 2 01-24-2013 07:24 AM
Medicaid............not the "great benefit" you think it is............ FinanceDude Health and Early Retirement 13 02-14-2007 09:32 PM
ER benefit:  Avoiding the "Starbucks Effect" Nords Life after FIRE 37 04-23-2005 05:16 PM

» Quick Links

 
All times are GMT -6. The time now is 11:03 PM.
 
Powered by vBulletin® Version 3.8.8 Beta 1
Copyright ©2000 - 2019, vBulletin Solutions, Inc.
×