Best Place for Young(ish) Retirees?

Old Jan 9th, 2012, 12:21 PM
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Well then, what is a "regime fee"?
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Old Jan 9th, 2012, 12:24 PM
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Also active AARP retiree in your age group.
I did careful research found whitest beaches best price point
lowest property taxes and best values in orangebeach.com
Picked up a $600K property in www.villagetannin.com for $40K
ona short sale not long ago.Wonderful area www.terrycove.com 1 bridge you are in FL.Pensacola Historic district
VERY low property taxes in AL. Zillow.com for deals.I am
enjoying weather in shorts today it is in the 70s while
it is snowing in Wash DC. So Gulf Coast for me.

Good luck!
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Old Jan 9th, 2012, 12:24 PM
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Is a "regime fee" the same as HOA fees?
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Old Jan 9th, 2012, 12:32 PM
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I don't know. I don't live in a condo, so I don't have to worry about all that. My friend the agent is well versed in all that.
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Old Jan 9th, 2012, 03:38 PM
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I would add Atlanta or Jonesboro south of Atlanta to your list of places to look at. I was very impressed with my college prof cousin's place in Jonesboro within 5 miles of the Atlanta airport. If you didn't want to fly or drive, Atlanta is a major stop on the Crescent route of Amtrak. You can go north to DC and NYC or SW to New Orleans.
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Old Jan 9th, 2012, 04:17 PM
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Interesting conversation... I don't know Charleston well enough to say but for the winter months you mention you can't go wrong with either. My ultimate plan is similar to what you've outlined (a few months in a variety of places, each) but my winter spot is already chosen. I think Cape Cod and NYC sound like a great mix with that! Mine involve someplace in Europe... TBD.
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Old Jan 9th, 2012, 06:20 PM
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flygirl: Wouldn't it be great to travel between NYC and Paris for a few months out of the year? All it takes is money...
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Old Jan 10th, 2012, 02:46 AM
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On your larger issue, we also divide our time between three places, and it has both advantages and disadvantages.

The obvious advantage is experiencing the best in weather and culture over the course of the year.

The disadvantages are a certain rootlessness, the greater commitment of one partner to this lifestyle than the other (not just us but all our friends in a similar position), and remembering what is at one place rather than another

English friends who divide their lives between Surrey, London, and Australia taught us how to deal with the last: photograph your clothes, linen closet, kitchen drawers, and pantry before you leave! We are still working on the others.
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Old Jan 10th, 2012, 03:05 AM
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You don't want Augusta. If I were moving to Charleston, I'd want to be on the ocean on one of the islands. My family member who now lives in NYC owned a home in the historic district in Charleston during college and studied at the library. Roommates sharing the house made home a bit noisy. Downtown is full of college kids - which keeps things lively but may not be what you are imagining.
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Old Jan 10th, 2012, 03:23 AM
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Ackislander, what are your three places?

How do your friends adjust? Do you have to "start over" each season?
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Old Jan 10th, 2012, 03:34 AM
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Ackislander: You bring up good points. We've had similar issues dividing our time between CT and Cape Cod. Once we leave either place we may as well be a 1000 miles away rather than just a few hundred.

I know our rootlessness won't last for more than a few years; I expect to be spending most of my time on Cape with a few trips to warmer/more interesting off-season destinations each year.

The advantages you've stated are what's driving this issue: seeking the best weather and culture over the course of the year.

Although I love the Cape, and it is home, I don't want to live there year round again, at least not yet.

Acks: May I ask, do you rent or own your properties or a combination of both?
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Old Jan 10th, 2012, 03:43 AM
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"I know our rootlessness won't last for more than a few years"

Then don't buy. There's a Fodorite who spends some of the winter in Savannah each year. In fact, he's here now and there's a GTG this weekend. Plenty of rentals available. Friends with coastal properties rent to the same renters each year from Jan to March. If you drive through my favorite hotel parking lot on Jekyll Island, virtually all of the license tags are from Canada and the northern US states.

There's nothing better than walking the beach in the winter - especially when winter temps are warm temps
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Old Jan 10th, 2012, 05:37 AM
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A "regime fee" is exactly the same thing as a "homeowner association fee" ... or the "maintenance fee" in an NYC apartment building.
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Old Jan 10th, 2012, 07:04 AM
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Starrs: Ted has such a fantastic arrangement, doesn't he? Savannah for a few months every winter. By the time he's prepping to leave the flowers are already coming out.

Have to agree that renting for a few months is cheaping than owning! The only thing is you don't get to leave all your stuff there. I can show up at my house with just a few days of clothes, not "the kitchen sink". Heck, if I really wanted I could show up with just my handbag.
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Old Jan 10th, 2012, 07:58 AM
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Our home is in Nantucket (ACK is the airport code). We also own condos in Virginia, where we have family, and Brookline, MA, where we see our Boston friends, attend cultural events, and, unfortunately, see our doctors.

We were able to do this because we sold a Florida property two weeks before the end of the Bubble. Never wait for the last 5%.

We rented for a season in both Virginia and Florida before buying. Renting was invaluable. We knew the Boston area already because we lived and worked in Boston and suburbs for more than 20 years.

One thing we learned owning multiple properties is that we want them to be as different as possible from each other. We have a lot of house guests in Nantucket, so the other places are deliberately one bedroom so we can't have house guests (except our granddaughters and a few very intimate friends).

We also learned the hard way that owning two houses with yards is more exhausting than owning two condos and a house.

Finally, if you are not used to living in apartments or condos, inquire very carefully about pets (whether you are pro or con), smoking and cooking odors (spend time in the proposed unit after working hours to see what comes in from other units), and what I will delicately call intimate noises from other units, especially in recently constructed buildings. You all know, of course, not to buy a condo or rent a property for an extended period (more than two weeks) without reading the condo docs or lease very, very, very carefully.



When we get old enough to go back to Florida, we know exactly where we want to rent!
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Old Jan 10th, 2012, 11:11 AM
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We visited Beufort, SC a few months ago and indeed it seems a sleepy town with loads of charm. We looked at listings in the window of a real estate office and were struck at the low prices of homes there. It is convenient to Charleston and Savannah.
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Old Jan 10th, 2012, 01:20 PM
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ACK: When do you stay where? How are you dividing up your time?

Thanks for the input, everyone. You're really helping us more than you probably know.

ACK: We own two homes now, one in CT and the other on the Cape. My poor husband 'house mouses' at both of them. We're contemplating dumping the CT house and buying a condo someplace warm (I too only want a one bedroom in our future home; I entertain all summer on the Cape and would like a break from that during the rest of the year) and then renting for a few months during the shoulder season (Oct. Nov. Dec.)
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Old Jan 10th, 2012, 01:35 PM
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We rented in Manhattan for a time on Gold Street. The walls were insulated well but the noise from other renters came through loud and clear through the floor and ceilings! I don't really like to share walls but I don't want to worry about the upkeep and status of single family dwellings all over the place either!

My husband's concern and goal is to live in a place (or claim as a home base) that doesn't levy a state income tax on Social Security earnings. Anyone have any thoughts?

(ack: where in Florida?)
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Old Jan 10th, 2012, 02:16 PM
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Pennsylvania is one I believe
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Old Jan 10th, 2012, 02:32 PM
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Well, your neighbors on the Battery in Charleston might be your neighbors in NYC--there have been articles about the absentee owners of many of those beautiful homes.
Do you like to golf? Do you like the beach? Do you sail? Wild Dunes is the beach community of Charleston, and beautiful. I'm getting the "split up the year", but somehow, not the real structure of what you want to do. Sounds like money isn't a problem. Choosing where to be might get to be!!
Charleston is a wonderful area--there are other parts to live in than the Historic District.
Sue can speak to the "cultural" nature of Charleston, which I know is "some" but maybe not as much as say Jacksonville. Do you need museums and opera and symphony?
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