|Screen Shot of Google Compare Mortgages|
Here is my thinking...we paid less than $20000 for our Park Model BUT we pay over $400 a month for rent on the space. The positives of this situation is that we have an end unit that overlooks pickle ball and tennis courts plus a view of the mountains. We get a lot of light and have plenty of room...it is all relative folks. Now we have to ask ourselves "How much will $400 a month pay for on a real mortgage?" A 30 fixed rate on a second home with 10% comes in at about $500. Affordable? I think so. We would be building equity, I love designing small spaces and this might be a wonderful location. I am thinking we should all take a look and compare the two lifestyles.
So if you will type Affordable Housing (city of your choice) in the search on my sidebar and look at what is available and then do the same thing putting in Google Compare Mortgages, you will have begun the process. If it looks good to you, contact a real estate agent...believe me they will get back to you right away. These people are a treasure house of information.
Times have changed since I began writing this blog for boomers and snowbirds. It is always good to keep an open mind. Think about it!
I am interested in hearing about your experiences. Leave a comment and I will reply.
Link to earlier post: Inexpensive Retirement
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