![]() | |
![]() | |
![]() |
Real Estate Information |
|
![]() |
If You Cant Afford to Retire...Move
According to Warren Bland, PhD, an award-winning author and geographer at Cal State, people have a great option. It's called "equity-take" that is, the difference in cost of comparable housing between your present community and the more affordable one to which you could move. So, if you are willing to make that move, you can pocket a good chunk of money instead of delaying your retirement. Consider the person hailing from Buffalo, NY, where the average upper middle class home sells for around $250,000. In Thomasville, Georgia, one of the most desirable retirement places in the Atlantic Southeast, many attractive single-family residences in beautiful neighborhoods are selling for around $140,000. This means that you could net about $100,000 (assuming your mortgage is paid off) by relocating from snowy Buffalo to sunny southern Georgia, and increase your annual net income by $5,000 by investing in, for example, tax-free municipal bonds at 5 % annual interest. People living in expensive metropolitan areas like New York, Los Angeles, the San Francisco Bay Area, Boston, Chicago and Toronto are in an even better position to use "equity take" to their advantage. The average price of upper middle class housing exceeds $1million in Manhattan, $700,000 in Los Angeles and the SF Bay Area, and is around $500,000 in Boston and Toronto. In contrast, home prices in many highly desirable cities and towns, suitable for retirement and located in all parts of the country, are more likely to be in the $150,000 to $300,000 range. Even a relocation from Manhattan to Boca Raton, Florida (one of Bland's "top ten" retirement picks), could leave you with an equity-take of $500,000. Investing that windfall in tax-free municipal bonds at 5 % annual interest, will increase your annual income by $25,000. As Bland says, "You can buy a lot of wine, gourmet food and entertainment with that kind of money"! Barbara Kimmel is an award-winning book publisher, publishing consultant and publicist. She is the publisher of Warren Bland's book, Retire in Style 60 Outstanding Places Across the USA and Canada. Books are available through all major bookstores, amazon.com or http://www.nextdecade.com
MORE RESOURCES: The ‘Most Colorful Home in Queens’ Has a Dark Secret The New York Times Exclusive | NYC Real-Estate Firm Nears Deal to Buy Troubled Office Landlord Paramount The Wall Street Journal Torque Motor Suites brings luxury car condos to Oakley and Blue Ash | Going Up - Cincinnati Enquirer Torque Motor Suites brings luxury car condos to Oakley and Blue Ash | Going Up Cincinnati Enquirer How the East Baton Rouge commercial real estate market is performing Baton Rouge Business Report Bess Freedman on Real Estate as Rates Fall Yahoo Finance This $1.6 billion deal is a sign that the worst of the crisis in office real estate is in the past MarketWatch Smotrich: Gaza a potential real estate ‘bonanza,’ Israel talking with US about dividing it up The Times of Israel Opendoor to expand nationally after stock bull run, C-suite shakeup Real Estate News by RealEstateNews.com Salisbury’s August real estate sales The Lakeville Journal Sugar Pine Village honored as 2025 Best Real Estate Project of the Year by Sacramento Business Journal TahoeDailyTribune.com Deal With Real-Estate Investment Trust Helps Bring Down Another U.S. Hospital Operator Organized Crime and Corruption Reporting Project | OCCRP Smotrich says Israel sitting on a 'real estate bonanza' in Gaza, talking to the US about dividing it up The Times of Israel Big gains for Real in DC; a Coldwell Banker M&A in NJ Real Estate News by RealEstateNews.com Mortgage rates approach 6% as Fed makes first rate cut this year Real Estate News by RealEstateNews.com Rays' top leadership steps down ahead of team sale as real estate developer readies takeover CBS Sports How AI will transform commercial real estate Fast Company Shoring Up Your Agent Force: Recruiting and Retention in the Changing Real Estate Landscape RISMedia Gale Associates, Inc. Appoints Alan Craigo to Lead Florida Office Boston Real Estate Times World Property Ventures to Launch Digital Real Estate Bank Banking Exchange Bezalel Smotrich says settling Gaza could offset war costs The Jerusalem Post Davis Hires Alexander K. Zabik to Lead Strategic Credit Platform Boston Real Estate Times This Pennsylvania Home Experienced the Most Absurd Renovations in the History of Real Estate CandysDirt.com CREF Roundup | Week 38, 2025 Frost Brown Todd RNR People in Real Estate – Texas & more Realty News Report Do you find that real estate buyers on the South Shore are more decisive in the fall, aiming to close before the holidays? fireislandnews.com M&T Bank: Continually Reallocating Away From Commercial Real Estate and Toward Consumer Lending Morningstar Fall '25 Real Estate Guide The Timberjay Calvin Harris accuses financial adviser of stealing $22.5M for 'boondoggle' real estate project NBC News How Stacey Caito Combines Innovation and Heart to Transform Real Estate in Northern Virginia International Business Times S. Korea’s NPS takes minority stake in Nordics real estate firm Pensions & Investments Best Real Estate Projects 2025: California Firefighters Memorial Expansion The Business Journals 'Nepo homebuying' isn't as popular as it used to be. That's actually a bad sign for the US real estate market. Business Insider Post Real Estate Group buys affordable housing property Rancho Cordova Apartments The Business Journals Real estate experts launch AI-powered consulting firm The Business Journals Rice Real Estate, Lincoln Property Co. announce plans for The Arc, significant expansion of Ion District Rice University Where Does Gordon Ramsay Live? Exploring the Chef’s International Real Estate Portfolio Architectural Digest I'm a Real Estate Investing Expert: Optional 721 UPREIT DSTs Can Be the Best of Both Worlds Kiplinger Steps from the Sea Florida Weekly The area real estate market settles down goldendalesentinel.com Gulyas joins Portfolio to cover real estate market Talking Biz News DHHL Delays ʻEwa Real Estate Swap To Make Sure Donation Isn’t ‘Dirty Land’ Honolulu Civil Beat Clear Secure (YOU): Evaluating Valuation After Launching Real Estate Partnership With Fidelity National Financial simplywall.st Austin is becoming a buyer's market, new real estate reports say CultureMap Austin When Will Be the Best Time to Buy a Home in 2025? (Hint: It’s Coming Soon) National Association of REALTORS® |
![]() |
![]() |
![]() |
RELATED ARTICLES
The 5 Biggest Mistakes Made When Getting A Business Appraised Most business owners will, at some point, want or need to know how much their business is worth. They will be faced with the task of finding someone to perform a business appraisal or valuation. A Crash Course On The Payout Options Available To You When Selling A Mortgage Note Okay, let's take a look at the typical payout options:Full Purchase - The investor buys the entire note. This alleviates the seller of the responsibility to collect payments in the future. Home Not Selling In Todays Hot Market? Tips and Ideas to Help You Sell So, your selling your home. Prepare yourself both physically and mentally for the agony of the endless phone calls and interruptions to your daily schedule. What to Look Out For When Buying Off Plan Buying Off PlanIt can be difficult to decide when every deal seems to be not to be missed!There are some key things I look for when buying off plan, whether it's in the UK or abroad it makes no difference.The property must be good value now ie it compares favourably with similar properties today, and is not based on properties going up in value 10% each of next 2-3 years. Buying a Home in Westminster The city of Westminster is centrally located in the Denver metropolitan area. Its easy access to amenities in both Denver and Boulder really coax investors into buying a home in Westminster. 4 Simple Tests To Find Good Real Estate Investment Properties You're driving along the road when you spot it. There in the middle of a shaggy lawn sits a disheveled property. Best Time to Buy? Best Time to Sell? When is the best time to buy? When is the best time to sell? I get asked these questions constantly everywhere I go. In short, the answer is that it depends on your individual circumstances. The Perils of the Property Ladder: Has Anyone Noticed the Silence? There was a time when every conversation was focussed on property and every other TV programme was about property makeovers. Everybody wanted to get into property and those already on the ladder seemed fixated on becoming wealthy overnight. How to increase the Saleable Value of your Home When selling your home, you'll want to fetch the best price possible for your home yet it so happens in many cases, that buyers give offers that just don't meet your expectations. Of course, you will have to negotiate but you still may not end up getting how much you want. Why Mobile Homes? There are mobile homes for sale, for much less than stick-built houses, in most areas of the country. Despite persistent predjudice against them, and sometimes the people living in them, mobile homes are the cheap housing choice of millions. Sell Your Home Without a Realtor and Save Thousand$$$ A typical real estate commission on a $234,000 home (national median price for all existing homes as of July 2005) is over $16,000. In many areas the cut a real estate broker gets is much higher. Using Transformation Psychology to Sell Investment Properties Satisfying and lucrative real estate investment depends upon your correct assessment of profit potential, of course, but your ultimate success depends on your ability to transform a doghouse into a dollhouse. The renovation process involves physical work and choosing the best supplies, in order to create maximum positive emotional effect and profits. Stay Motivated With REI Till The Deal Comes I know many investors step into the game of real estate investing with high hopes of landing the deal that will turn their financial situation around and yes some do and this is not for you - this is for the investors still looking for that first deal!The best way starting out in this business, staying motivated and sticking to real estate investing has to do with one big factor!Keep your JOB - Yes you may be "Just Over Broke" but real estate investing comes with no guarantees of doing a deal in 30, 90, or 120 days as a matter of fact deals come and they go. real estate investing has its good times and it's bad times!You need a source of income and without it the likely hood of failure will soon follow!Having a stable income is the number one goal to having financial well being and your mental and emotional well being also. Market Reaching its Peak I do not profess to "Know" what the real estate market will do in the next year or two, but I would like to share some information with you that might help you in making decisions regarding buying or selling property in today's market. The following information relates to the types of mortgages that are currently being taken out by those who are currently purchasing or refinancing homes. New Housing Starts Do Not Guarantee Aftermarket Sales We have been studying a trend of new home buyers in the US in light of this latest housing boom. And how we should adjust our strategies to deal with it. Home Equity or Debt Trap? Are you using the equity from your home to purchase everyday things? This is a dangerous trend growing more popular every month as millions of Americans tap into the value of their home to fund a lifestyle.How many times have you heard the saying "Your home is the best investment you'll ever make"? How many times have you also heard that your home will be the most valuable asset you will ever own?Both of these are as true, if not truer, today than at any time in the past. Panama is Hot - A World Class Retirement Haven Thats Ripe For Profitable Real Estate Investment If you've followed any of the major survey agencies around the world that rate places for retirement, Panama has been on top of the list in many, and for a few years running. So, if you're looking for a place outside U. Dealing With Dual Real Estate Agents Historically, real estate agents have represented the seller of a property. The seller, after all, is usually the one who pays their commission, and agents therefore have a fiduciary relationship with the seller. Choosing a Residential Lot Finding a lotPlanning for your new home is a very involved process. You might want to get right down to selecting a set of house plans but don't get into a hurry. Inspecting Your New Home - 17 Areas You Must Inspect Before Taking Possession Congratulations! You've made your decision; you've chosen your new home and your builder. So what needs to happen next? Once you have a firm contract and you have selected the features that will go into your new home, it is time for the builder to turn your dream into reality. ![]() |
home | site map |
© 2006 TIGER MEDIA |