American gentrification of expat retirement cities

rabbita78

rabbita78

Well-Known Member
White liberals need to just leave the brown people alone

stop gentrifying their areas just because you are a cheap ass

stop trying to import the world into Western Civilization just because you are too "racist" to go there and help them yet want to PRETEND you are some charitable "anti-racist" with your empty words.

stop telling them that their countries are "undeveloped" just because they haven't achieved the white "standards" that conservatives created in the west.

LET THEM BE WHO THEY ARE - STOP TRYING TO "TRAIN" THEM TO BE WHITE LIBERALS - LEAVE THEM THE F%$# ALONE

is it really a TALL ORDER?
 
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Rob Roy

Rob Roy

Well-Known Member
rabbita78 said:
White liberals need to just leave the brown people alone

stop gentrifying their areas just because you are a cheap ass

stop trying to import the world into Western Civilization just because you are too "racist" to go there and help them yet want to PRETEND you are some charitable "anti-racist" with your empty words.

stop telling them that their countries are "undeveloped" and haven't achieved the white liberal "standards"

LET THEM BE WHO THEY ARE - STOP TRYING TO "TRAIN" THEM TO BE WHITE LIBERALS - LEAVE THEM THE F%$# ALONE

is it really a TALL ORDER?
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Lucky Luke

Lucky Luke

Well-Known Member
Roger A. Shrubber said:
seems like we can't get over being colonialists, even in retirement...
my real question is why is retiring in our own country such an unattractive option?
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Making the money last and also style of retirement.

Lots of Australians and British choose to retire in Bali and Thailand where a government funded old age pensioner can live like royalty in a tropical paradise that has great food and bars and decent affordable health care. It's also only a fairly short flight back "home".

Our plan is to sell the house when it's paid off in 3 to 4 years and buy two units with the cash. One to live in when we are "home" and one to rent out for income. Buy a sailboat and circumnavigate Australia and then float around the Pacific and South pacific islands. Im 52 so hopefully we can make that happen before im 60.
We semi retired when i was 40 and made a tree/sea change and that hurt our earning potential and therefore our retirement fund over the last 12 years. But i'd recommend it to anyone. Work sucks and so do cities.

With the government old age pension, the rent from the unit and our small superannuations we should be able to make that work. Neither of us just wants to sit around the house waiting to die as life racers past.
If it gets to the stage we cannot or don't wish to sail anymore then we have the unit and if we end up in an old folks home then we have the two units we can rent out or sell to make that a comfortable choice.

Nice hearing others plans and dreams.
Good luck all in getting to retirement and having a blast in ya old age.

Adventure before dementia.
Grow old disgracefully.
Don't let regret take the place of dreams.
 
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Roger A. Shrubber

Roger A. Shrubber

Well-Known Member
Lucky Luke said:
Making the money last and also style of retirement.

Lots of Australians and British choose to retire in Bali and Thailand where a government funded old age pensioner can live like royalty in a tropical paradise that has great food and bars and decent affordable health care. It's also only a fairly short flight back "home".

Our plan is to sell the house when it's paid off in 3 to 4 years and buy two units with the cash. One to live in when we are "home" and one to rent out for income. Buy a sailboat and circumnavigate Australia and then float around the Pacific and South pacific islands. Im 52 so hopefully we can make that happen before im 60.
We semi retired when i was 40 and made a tree/sea change and that hurt our earning potential and therefore our retirement fund over the last 12 years. But i'd recommend it to anyone. Work sucks and so do cities.

With the government old age pension, the rent from the unit and our small superannuations we should be able to make that work. Neither of us just wants to sit around the house waiting to die as life racers past.
If it gets to the stage we cannot or don't wish to sail anymore then we have the unit and if we end up in an old folks home then we have the two units we can rent out or sell to make that a comfortable choice.

Nice hearing others plans and dreams.
Good luck all in getting to retirement and having a blast in ya old age.

Adventure before dementia.
Grow old disgracefully.
Don't let regret take the place of dreams.
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well, i actually understand why it's attractive...what i still don't understand, and what you didn't address at all...is why is it so unattractive to retire in America? WHY is it prohibitively expensive for most seniors to retire in their own country, that they helped build and maintain their entire lives? WHY are rents so fucking outrageous that two people on social security can't afford rent, groceries, and the medication they require? WHY do we allow rents to go insane with little to no controls? WHY CAN'T A PERSON AFFORD TO BE OLD IN THE COUNTRY THEY WERE BORN IN?
 
Lucky Luke

Lucky Luke

Well-Known Member
Roger A. Shrubber said:
well, i actually understand why it's attractive...what i still don't understand, and what you didn't address at all...is why is it so unattractive to retire in America? WHY is it prohibitively expensive for most seniors to retire in their own country, that they helped build and maintain their entire lives? WHY are rents so fucking outrageous that two people on social security can't afford rent, groceries, and the medication they require? WHY do we allow rents to go insane with little to no controls? WHY CAN'T A PERSON AFFORD TO BE OLD IN THE COUNTRY THEY WERE BORN IN?
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I can only speak for here as i don't know the details on Americas old age pensions or medical costs. Like i know medical costs and medications are stupidly expensive in the states but one would think they would be free or near free for old farts.

Here a person or a couple can live OK on an old age pension as long as they own their home. Owning a dwelling is the key to a decent retirement. We all know renting is dead money but more than that renting is uncertain and not private. There's inspections and sometimes the owner will sell or move in themselves leaving a renter to move, time and time again. My mum rents and is on the old age pension and she is very lucky that the owner is an old friend so she gets very cheap rent. She struggled pretty bad when she rented through an agent.

I think when people retire they do what they did when they were younger, or wanted to, and travel and live in a place they want to, not a place they had to due to work or family connections.
They want to retire and live on a permanent holiday.

Rents are supply and demand driven. To be fair that's how they should be as they are an investment. Renting is not something an older person wants to do when they retire.
 
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CunningCanuk

CunningCanuk

Well-Known Member
Lucky Luke said:
Rents are supply and demand driven. To be fair that's how they should be as they are an investment. Renting is not something an older person wants to do when they retire.
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It depends on the value of your home, the value of other investments and other pensions you might have and where you want to rent. Selling your home in the suburbs and investing that money while renting in a city isn’t a bad idea and can save you a lot of money. Think how much money you would save if you didn’t have car expenses?

I also like the thought of not having to worry about maintenance around the house so it could just be that I’m getting lazy.
 
CunningCanuk

CunningCanuk

Well-Known Member
Roger A. Shrubber said:
well, i actually understand why it's attractive...what i still don't understand, and what you didn't address at all...is why is it so unattractive to retire in America? WHY is it prohibitively expensive for most seniors to retire in their own country, that they helped build and maintain their entire lives? WHY are rents so fucking outrageous that two people on social security can't afford rent, groceries, and the medication they require? WHY do we allow rents to go insane with little to no controls? WHY CAN'T A PERSON AFFORD TO BE OLD IN THE COUNTRY THEY WERE BORN IN?
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It’s a tough sell in a place socialism is a bad word.
 
Lucky Luke

Lucky Luke

Well-Known Member
CunningCanuk said:
It depends on the value of your home, the value of other investments and other pensions you might have and where you want to rent. Selling your home in the suburbs and investing that money while renting in a city isn’t a bad idea and can save you a lot of money. Think how much money you would save if you didn’t have car expenses?

I also like the thought of not having to worry about maintenance around the house so it could just be that I’m getting lazy.
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Very good points. What works for one may not work for another. Having the house to either liquidate or rent out or live in means more choice.
One of my clients sold her house (largish old falling down place on a big corner block) and now rents a unit across the street from it. She has been travelling on the proceeds. She just got back from Canada and loved the place.
 
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HGCC

HGCC

Well-Known Member
CunningCanuk said:
It depends on the value of your home, the value of other investments and other pensions you might have and where you want to rent. Selling your home in the suburbs and investing that money while renting in a city isn’t a bad idea and can save you a lot of money. Think how much money you would save if you didn’t have car expenses?

I also like the thought of not having to worry about maintenance around the house so it could just be that I’m getting lazy.
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I will probably wind up doing something like that, I have no desire to keep living in the burbs once my kid is out of school. I don't think I could rent out my house and cover downtown rents here, but could rent it out and go to a different city. The more likely option would be to move to one of the little mountain towns that are like 15-20 minutes from the city, the non tourist locations are still relatively affordable, so I can get in and out when necessary, but it isnt quite convenient enough to be attractive to most (schools arent great and its far from kid activities is the reason i dont live there now).
 
CunningCanuk

CunningCanuk

Well-Known Member
HGCC said:
I will probably wind up doing something like that, I have no desire to keep living in the burbs once my kid is out of school. I don't think I could rent out my house and cover downtown rents here, but could rent it out and go to a different city. The more likely option would be to move to one of the little mountain towns that are like 15-20 minutes from the city, the non tourist locations are still relatively affordable, so I can get in and out when necessary, but it isnt quite convenient enough to be attractive to most (schools arent great and its far from kid activities is the reason i dont live there now).
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Renting out your property has its own challenges and headaches. It’s not for me but like Luke says, to each their own.
 
Lucky Luke

Lucky Luke

Well-Known Member
The danger of selling the dwelling is that as house prices inevitably rise the money isn't there to buy back into the market.
So its important as Canuk said to have investments to cover that.
 
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