Cap_Scarlet
Recycles dryer sheets
Does anyone have experience of owning two houses in retirement?
Why would we do that you might ask...
Well, we live in Europe and firstly we have always dreamed about living in the mountains and having permanent access to skiing in the winter and biking and hiking in the summer. We've now achieved that and it is pretty much everything we wanted ...except for one thing.
Our children live in another country.
We can visit of course without problem but we definitely do not see them as much as we would like (every trip has to be organized, there's no just popping in for the weekend). So, as we think about retiring we are contemplating buying another home with the idea that we would flip back and forth (a month here, a month there etc.)
We could manage it within our retirement pot (would consume about 15% of our stash) but we would always be leaving one house empty and inevitably incurring more costs. We could possibly rent out one of the houses when we are not there which offset part of the cost.
Anyone in a similar position? Do you regret the decision?
Why would we do that you might ask...
Well, we live in Europe and firstly we have always dreamed about living in the mountains and having permanent access to skiing in the winter and biking and hiking in the summer. We've now achieved that and it is pretty much everything we wanted ...except for one thing.
Our children live in another country.
We can visit of course without problem but we definitely do not see them as much as we would like (every trip has to be organized, there's no just popping in for the weekend). So, as we think about retiring we are contemplating buying another home with the idea that we would flip back and forth (a month here, a month there etc.)
We could manage it within our retirement pot (would consume about 15% of our stash) but we would always be leaving one house empty and inevitably incurring more costs. We could possibly rent out one of the houses when we are not there which offset part of the cost.
Anyone in a similar position? Do you regret the decision?