RE: Retirement - The Rug Has Been Pulled
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Sounds like you are in a good position.
What i was complaining about is the average boomer, that i see, is in a 5 br, two story house, and the kids are gone. No rental suite, and an HOA.
And they tell me that they are sitting pretty because they have so much equity.
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Homes are not liquid.
Anyway, single detached home values pushed a lot of people into condos, shoe boxes more like it, owners got soaked as most condos were not up to snuff in leaky water issues that became endemic in the whole industry. Now today, sales and prices are falling through the floor. Condo owners are rug pulled again in negative equity.
Thousands of unsold units remain, with more flooding the market.
Construction companies are going bankrupt.
I'm kind of keeping an eye out for a deal and getting a second revenue rental.
My home is actually a 5 BR two floor in the burbs well outside Vancouver.
I rent my lower floor out.
!LOL
That is neat that you were able to split the house floor by floor.
Most floor plans would never allow it.
But really, they should all be that way.
Having 5 bedrooms after the kids leave is silly, unless you have hobbies, like collecting yarn… i mean, knitting.