RVing during Pandemic and looking relocate
Thanks for your consideration! My wife and I are in our early 60's, we hadn't planned to retire and are both unemployed, I have a little side income, and both plan to work into our 70's. We live in...
Forum Discussion
Gnarley wrote:The ability to use your equity to purchase a new home will depend upon how much you net and exactly what you mean by a coastal location. Oceanfront will cost much more than being a couple of miles inland. And the maintenance on oceanfront properties can be extreme, the salt water just eats everything. Personally, the couple of times I have driven the Oregon coast I felt like the towns were really struggling and there were too many disaffected souls roaming the highways and byways. But to each his own.SteveAE wrote:
Pretty sure that there are job openings for good mechanics in Bend (Oregon).
Just keep in mind that Oregon is the 4th or 5th most expensive state in the country to live in....and Bend is probably in the top 10 (maybe 5) of most expensive Oregon communities.
Most expensive based on what criteria? I suspect that if you have significant income you are correct, and I've read many of these articles also.
Not everyone retires with great income. We found that we can get by pretty comfortably by eliminating mortgage from the equation and then with everything else costing less our bills drop down by another 15%, I think that will cover any additional income TAXES and then some. The spreadsheet is pretty clear, it shows income and expenses, and we're currently in the RED due to a mortgage. Cutting the mortgage puts us in the black. We will never pay off our current mortgage and we do not want to retire in this house or area. Using our equity for an outright purchase is a means to provide a home and stability. Oregon seems to meet our needs on paper.
As for making an income, when you say you are considering being a contractor, are you talking about contract work for corporations using your internet security certifications or are you talking about being a construction contractor? If it is being a 1099 independent contractor in Information Systems only you can say whether or not you can generate enough income. If it is a construction contractor, I would think that it would be very tough to start from scratch without local contacts and local referrals.
