My sister is 62 and is retiring next month.
She's single with no children.
I'm suggesting that it might be a good idea to sell her (mortgage free) home and rent, perhaps in a retirement community, or perhaps in an apartment or condo near where she currently lives.
My thoughts for doing this are:
1. Top (or close to) the housing market (Pasadena, CA).
2. No maintence (lawn, heating, plumbing, AC, taxes, etc.)
3. In general, simplification of life.
Has there been any discussion of the pro's and con's on this?
HBH
She's single with no children.
I'm suggesting that it might be a good idea to sell her (mortgage free) home and rent, perhaps in a retirement community, or perhaps in an apartment or condo near where she currently lives.
My thoughts for doing this are:
1. Top (or close to) the housing market (Pasadena, CA).
2. No maintence (lawn, heating, plumbing, AC, taxes, etc.)
3. In general, simplification of life.
Has there been any discussion of the pro's and con's on this?
HBH