Sundance Kid
Recycles dryer sheets
- Joined
- Nov 23, 2005
- Messages
- 195
Hi, to all.
I retired at 63, two years ago. Wife, approaching 62 and is fed up with her job but, not ready to quit, just wanting to get out of a STRESSFUL work environment.
We are contemplating a relocation to the Western Slope of Colorado, from the tornado prone, desolation of Kansas. Problem is, Real Estate is Much more expensive out west. The cost of living is about 5-7% higher than Kansas.
We're considering selling our townhouse. Might get 60K for it. Owe less than 20K.
Problem is, to get anything decent and livable, (by my standards) means a new mortgage of 125,000, or more.--- Do we really want to (or should we) consider a new 30 year mortgage, at our ages? I know, most people are talking downsizing, at this point in their lives but, that's out of the question, for us.
We have the cash available, for a substantial down payment, if needed. In fact, I think we're "Cash Poor'" at the moment.
Just interested in your comments and opinions. Anyone been in a similar situation? Let me know!!!
I retired at 63, two years ago. Wife, approaching 62 and is fed up with her job but, not ready to quit, just wanting to get out of a STRESSFUL work environment.
We are contemplating a relocation to the Western Slope of Colorado, from the tornado prone, desolation of Kansas. Problem is, Real Estate is Much more expensive out west. The cost of living is about 5-7% higher than Kansas.
We're considering selling our townhouse. Might get 60K for it. Owe less than 20K.
Problem is, to get anything decent and livable, (by my standards) means a new mortgage of 125,000, or more.--- Do we really want to (or should we) consider a new 30 year mortgage, at our ages? I know, most people are talking downsizing, at this point in their lives but, that's out of the question, for us.
We have the cash available, for a substantial down payment, if needed. In fact, I think we're "Cash Poor'" at the moment.
Just interested in your comments and opinions. Anyone been in a similar situation? Let me know!!!