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
moisheh wrote:
Tequila has brought up an interesting point. Not only has Health Insurance gone up it is harder to get coverage if you have any pre existing condition. Some Canadians are on fixed incomes and have not budgeted for all of the extra costs. Unless oil goes up we can look forward to a much weaker dollar. Our new Government turns off a lot of foreign investors!
Moisheh
I agree re the health insurance affecting decisions. We are seeing that in our neighbourhood down south. At least 2 are choosing countries next year where they either don't need a travel insurance policy or just need a repatriation policy. I think this will probably happen more in the future. For us we are in our early 50's and it's still not too expensive (850 bucks for 6 months for the two of us). Our neighbour is paying north of 10,000 for six months but he is 80 and him and his wife have prexisting conditions. They own their property here so they don't want to deal with switching to another country at this point. For us once we are fully retired at 60 we will probably switch to a country where we don't need extra coverage but will probably always get a repatriation package which is obviously a lot cheaper. We will be in spain in about 3 weeks looking a little closer at a snowbird destination for our retirement years. Until then we still enjoy our SOCAL winters. We have enjoyed Mexican winters as well but the Andalucia region of spain is a great jumping off point for other destinations in Europe and North Africa. Another neighbour is looking into Greece but I'm not sure how that system compares to Canada for procedural and hospital expenses. It will be interesting to hear what he finds.
