Sneakers
Just sneakin' around....
I'm gonna go out on a very thin twig here..... maybe you're just as crappy as the other neighbors and just fit right in!!I've never had a problem with crappy neighbors.
:duckandrun:
I'm gonna go out on a very thin twig here..... maybe you're just as crappy as the other neighbors and just fit right in!!I've never had a problem with crappy neighbors.
I hope that twig is too thin to be fashioned into a pike!I'm gonna go out on a very thin twig here..... maybe you're just as crappy as the other neighbors and just fit right in!!
:duckandrun:
But isn't that the way with every living situation? Even if you own your home outright, your property taxes will go up. Food will cost more, heating your home will get more expensive, your appliances will need replacing....
I used to be all about owning my home, now I don't care. Many times it's not worth the hassle.
So, top floor apartment with roof access in Chicago.My retirement village is gonna be limited to one house, with one resident.
Me.
Food will be good to great, activities to include, target shooting, shooting steel, fishing, making ammo, shooting some more, enjoying a morning coffee or bourbon and cigar on my deck, some afternoon shooting, news, more bourbon....
You've pretty much outlined my retirement planheyyyyyyy....my sisters and brother are in Flaaaaaraaaadaaa.... there's a sh!tload of vacant land off I-10.... tellya what Imma gonna do..... send me 10-15G , I'll hit my sisters up for 10-15G, my brother for like $30.00 and we can construct ..... VG +55 a happy Community!!!!! I'll sell maybe 100-200 shares with promises of The Fountain of Youth, strictly non-DEI, affordable healthcare by semi registered Nurse practitioners , free EV's....cable TV!!!
THEN, as the next climate change activity occurs, ooooopsie, bankruptcy!!!! (you'll get your 300% investment back!!!)
Huh? huh??
I going to go out on a limb here and assume you never lived in Suitland MD.![]()
For your consideration ...
Not trying to be a Debbie Downer. You are correct about the above. But there is a difference. Property taxes are usually fixed at a maximum increase allowable amount per year. You can change the type and amount of food you eat, you can adjust the heat lower or use a fireplace or pellet stove, appliances can be repaired, or replaced from second hand stores to keep costs low. However, once you are locked in, if the initial all inclusive retirement community charge is $3K per month now in 2024, what happens when things beyond your control, aka inflation, over the years, cause them to increase the monthly charge to reach $6K per month? What will you do? Will your income and/or savings be sufficient when it hits $6K a month? Will your income double as well to keep up? Right now, you have every option to control your expenses as you see fit, pretty much.
In the last four years alone, consumer prices have increased 25%-35%; wages have not, savings interest rates have not. Social Security COLA on average is only about a 3% increase per year, far far lower than actual inflation. At this rate consumer prices will be double in ten years than what they are now.
Also, at those retirement/independent living facilities, you are at the mercy of the administrators of the facility. They are also ran like an HOA. Most of your friends that you get to know, die. Everyone around you will be old or older. You'll also begin to see, monthly/weekly, ambulance visits; just like at Asbury Solomons, depressing. The quality of food will be decided by them, not you. The residents on the whole in them are nosy AF, and therefore gossipy, too. I would say, that if you are a strong and independent person, you will be butting heads with staff and others, a lot. I would recommend if you can afford to stay in your own home, do so. Or instead, if possible, stay with family.
Just food for thought.
Do they offer month to month occupancy or is it a buy or lease obligation? You might find yourself at least a little stuck.Right, but if it sucks I can always leave. I'm not in a position of vulnerability where I'd be stuck somewhere awful.
Remember, I'm not looking at a nursing home, or even assisted living - it would be an independent living community where most people will own their own vehicles and have active lives.
But you're probably correct that most of the residents will be a good bit older than me, or at least they are in the website photos. I'm not averse to that. But it may be that there are also people my age who simply don't want to deal with the daily tasky stuff that is so boring and time/money consuming - they just want to hang at the pool and play pickleball and go to the farmer's market and call the guy when something needs to be fixed.
That said, I appreciate you poking holes in my plan. Seriously, keep it up because it gives me things to think about that I wouldn't have considered on my own.
Taking bets on the next to go.Do they offer month to month occupancy or is it a buy or lease obligation? You might find yourself at least a little stuck.
As to the residents being a good bit older, make it an activity, Go get you a Carl Rove whiteboard and keep a count of the departed.
You've left out some shooting to fill the otherwise vacant time.My retirement village is gonna be limited to one house, with one resident.
Me.
Food will be good to great, activities to include, target shooting, shooting steel, fishing, making ammo, shooting some more, enjoying a morning coffee or bourbon and cigar on my deck, some afternoon shooting, news, more bourbon....
keep a count of the departed.
I know you joke, but this really upset my dad. Every time he made a friend, suddenly they weren't there anymore. He stopped socializing, became withdrawn, partly because he was seeing everyone leave, and partly because it re-emphasized his own mortality.Taking bets on the next to go.
Nap time.You've left out some shooting to fill the otherwise vacant time.
Based on data available today and the ever diminishing availability of occupancy in assisted living or retirement homes, what makes you think it will get BETTER in the future? What makes you think there will be plenty of openings elsewhere?Right, but if it sucks I can always leave. I'm not in a position of vulnerability where I'd be stuck somewhere awful.
My aunt sold her house on Main Street on the shore last year, with the intent on moving into a 55+ community. Two things she realized - she didn’t start early enough in the search process. There were waiting lists at any decent place she visited up to a year. And 2nd - the cost. My god the cost. I let her move into an apartment I have at the farm for a tenth of the cost. She doesn’t have a pool or trash service and sometimes I make her cut the grass and pick me up from the field when I’m moving a tractor or combine. But what she does have is cows in the nearby pasture to listen to while sipping her coffee in the morning, a creek she can walk down to and sit on the pier to enjoy what nature has to offer, some flower beds outside to putz around in, a nephew to talk politics with while sipping some whiskey, another nephew always bringing her veggies, pizza, and crabs, and family nearby to help her with appointments and to visit. In fact, she feels needed at times, which goes a long way when you are 80+ years old. She will go downstairs where my daughter lives and clean her kitchen or wash her clothes. She takes her sister and my wife to doctor visits. She left some friends behind on the shore, but she gained family support here in SMC where she was born and raised. She thanks me frequently for allowing her to live on the farm - she has enjoyed it.
What this has shown me is that family support network is important as you get older. Your mileage may vary.
Just enough to cover utility costs and insurance.For your consideration ...
Charging your mama rent. What's up wit dat? /s
My shack is a small house with a fantastic view and a GAS stove. As long as I can cook, walk and eat I am not leaving.So.... a shack on the top of a mountain with a stream running thru it.
And 2nd - the cost. My god the cost.
Happening to my mother in law. It can be very disheartening.I know you joke, but this really upset my dad. Every time he made a friend, suddenly they weren't there anymore. He stopped socializing, became withdrawn, partly because he was seeing everyone leave, and partly because it re-emphasized his own mortality.