Depressed snowbird housing market - Yuma
Well, my in laws just sold their snowbird home in Yuma at a major loss, lots of properties for sale there, it's definitely a buyers market. My in laws hated to sell but at the ages of 83 & 79 with one...
Forum Discussion
okiejoe wrote:
Yep, your right, they had 20 good years and yes they took a major loss, my wife & I are in real estate so I am no dummy as to a buyer or sellers market and grandpa was just glad to have the years in Yuma? BUT still at the end of the day the depressed market bites into the future Money needed for future care of grandma. But they loved the years they had in Yuma.
Be thankful they at least have something to sell. My uncle who just went into assisted living wintered for 20 years in Picacho Peak in his one time high end MH.
After 20 years the MH was a money pit that had no resale value. His funds were pretty much depleted at that point. He and his wife lived a very Spartan life in their northern home after that.
She passed away a few years ago with dementia. He could not afford home care, so he took care of her. It was not much of a life for him. He never complained, and would say that he was thankful for his winters in Arizona.
I'm sure there is a lesson in all of that.
