Active adult communities
The growing problem of delinquencies is a very serious problem that is starting to affect almost every Home Owners Association (HOA) in the country. And unfortunately, the problem gets worse every day.
At the Kensington of Royal Palm Beach condominiums on Florida’s east coast, 70 percent of the owners are in arrears on their association fees. Many other associations have delinquencies in the 40-50% range. These fees typically pay for insurance, maintenance, landscaping, some taxes, staff, and energy. Clearly when not everyone pays their dues, which represent an equitable sharing of costs among all the owners, financial problems will ensue. Usually that means the remaining owners in the community association (more…)
Posted by John Brady on January 25th, 2010
Active adult communities
You, and perhaps your significant other, might be obsessing about how to find your best place to retire, and what you might do once you get to the state of retirement. The process is fun for many folks, but an intimidating hassle for others. Wherever you come out on this spectrum, this article, in which we will discuss Fly and Stay packages, will be a help.
Fly and Stay packages (also called Discover and Stay, Play and Stay, Weekend Getaway, etc.) are the fun and low risk way to check out various best places to retire. You can usually purchase them at low cost from active adult communities, or you can make up your own for the towns you might be considering. The offers are so attractive that you just shouldn’t pass them up (but hurry, the high season is starting (more…)
Posted by John Brady on January 18th, 2010
Retirement Real Estate
As 2010 begins most experts predict that record numbers of foreclosures will continue. That being the case, home prices will probably go nowhere until that distressed inventory is cleaned out.
Rentals are the way to go. The Wall Street Journal reports that apartment vacancies hit a 30 year high late last year, and landlords are scrambling to fill them. Reis, Inc., a research firm, said that rents fell 3% last year, led by declines in west coast cities. Conclusion – you might be better off renting than buying. Particularly in a lot of active adult communities, there are plenty of places to rent. (more…)
Posted by John Brady on January 12th, 2010
Best Retirement Towns and States
Picking towns for “best places to retire” lists can get to be a lot like selecting prom dates – the bright lights overshadow the deserving candidates who don’t get asked to the big party. All too often the result is best places to retire myopia – too many lists that share the same old towns and cities – Asheville, Athens, Austin, Beaufort, etc. Don’t miss Part 2 of this series: “Beyond Asheville: More Under-rated Places to Retire“, or Part 3: 5 More Under-Appreciated Places to Retire.
This week we set out to identify 20 best retirement towns that aren’t on that many lists. We looked for towns that we know are terrific, but don’t seem to have the press that their more famous brethren do. Some will be familiar and some will not. Our apologies to all of the other great places to retire whose lights are still hiding under the basket; please give us your nominations in the Comments section below.
Bisbee, Arizona. Bisbee is an historic mining town in south central Arizona, almost at the Mexican border. If you are looking for an interesting, off-beat place to retire, Bisbee might be the place.
Flagstaff, Arizona. At an altitude of 6910 feet the climate is dry and much cooler in the summer than anywhere else in Arizona. Cecil B. DeMille tried (more…)
Posted by Admin on January 11th, 2010
Financial and taxes in retirement
Let’s just say that Plan A for your retirement didn’t quite work out the way it was supposed to do. Whatever the reasons, the fact is you are a 60-something baby boomer looking to retire on a lot less money than you thought you would have. Luckily for gritty you, sulking is not an option. Here are 10 of our best ideas on what you can do to retire in style – and on a budget.
1. Move, now. Most people about to retire are living in a lot more house than they really need. So downsizing, the sooner the better, is the smart (more…)
Posted by John Brady on January 4th, 2010