I retired 2 years ago. Perfect timing to have my earning power permanently plunge.
Hey, it is all part of the plan!
Even better yet, I sold my before Covid for a move to Tennessee, got caught up in the Covid shutdowns, and by the time I got to Tennessee and decided to stay, homes were up 30-40%. Screwed again. Good thing I am getting used to being screwed over.
I got lucky and bought my secure TN retreat several years before COVID, and moved here a couple of months ago. I got a 100-year-old, 3-story, 7-bedroom house for a song. I'm preparing it as a secure retreat for my sons, should things heat up where they live.
I great up in rural W. TN, so I'm adapting quickly.
After retirement, my wife used an inheritance from her brother to help us buy a vacation home in Idaho. That was 4-1/2 years ago, at the tail end of the 2008-2010 real estate melt-down. We debated taking that plunge for over five years and finally decided if we didn’t grab the home we had our eyes on, we would forever regret it.
Home prices in North Idaho were very slow to recover after that melt-down and homes would come onto the market for a while then go off the market when activity was non-existent. We weren’t able to buy at the low after the melt-down, but we still got in at a great time before all the recent insanity. We are SO glad we were able to get in when we did.