Quote:
Originally Posted by Pinner
This maybe a good idea, anyone research this ? Links ?
The boomers will have raised the price of "retirement" property beyond reach for most in the next decade or two.
How much money is it going to cost to live comfortably in Canada after retirement ?
I think most people in their 30's and 40's have had less prosperous years/ more unemployment and major career moves affecting pensions than previous generations, not to mention the "ME" generation won't be helping their parents out like previous generations did.
I just wonder what will be left after the boomer's have spent it all... (no pensions for us) Most people don't have their car paid off, and with inflation, and the advancement of health care they will need millions to pay for retirement. Good luck.  |
I think the boomers have pretty much already done that. That is why places like Belize are a great option. As I mentioned in a previous post - it's a bit too Third world for me at my age, but if I was still in my 30s or 40s, I would definitely go there. Retirement property in Canada is kind of a joke IMO anyway. Most places are only good for a couple of months in the summer. If you're into skiing, you can get a place for year around use, but they are pricey. For me, I'd rather get away from the cold winters here. So, heading south is the best solution for me. Taking all options into consideration, I chose the Phoenix area. It's only a 2 1/2 hour flight from Calgary, it's warm all year around, housing is cheap, cost of living is relatively cheap, and some of the suburbs are very nice, clean places.