โAug-11-2020 09:23 AM
โAug-13-2020 03:25 PM
SteveAE wrote:
Don't forget to factor in the cost of health insurance.
You may want to look at this program. I find it quite helpful for evaluating exactly the type of questions you are asking.
As to the cost to live in Oregon. There are several websites that rank Oregon as I mentioned (4th or 5th most expensive in the country). A number of factors go into those calculations including; taxes, housing (ugh, property tax), utilities, food, transportation, and medical. Scoop around on the web and you will find what I am referring to if you are interested. Also, keep in mind that Oregon has an estate (death) tax on anything over $1M ........ where California doesn't. Now how good is Oregon looking?
Best wishes in your search and let us all know what you find.
โAug-13-2020 03:16 PM
wapiticountry 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.
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.
โAug-12-2020 09:01 PM
โAug-12-2020 06:39 PM
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.
โAug-12-2020 05:59 PM
dedmiston wrote:Gnarley wrote:
The equity we have won't work for coastal living in California and farther north is even farther away from any decent airport. For us the north west coast of Oregon seems to have what we are looking for.
I'm considering adding Powerball to our retirement planning. :W
โAug-12-2020 05:14 PM
Gnarley wrote:
The equity we have won't work for coastal living in California and farther north is even farther away from any decent airport. For us the north west coast of Oregon seems to have what we are looking for.
2014 RAM 3500 Diesel 4x4 Dually long bed. B&W RVK3600 hitch โข 2015 Crossroads Elevation Homestead Toy Hauler ("The Taj Mahauler") โข <\br >Toys:
โAug-12-2020 03:09 PM
dedmiston wrote:Gnarley wrote:
I won't disagree with you, however, living hours inland is not what we want. I have friends from Reno To Gardnerville, and I lived in Reno for a few years but I prefer the cooler climate and moisture.
Thanks Gnarley. That makes sense.
Have you looked at any of the northern counties on the CA coast? People close to me moved to Humboldt County in the 70s. I assumed the region was just depressed at the time, but through all the booms and busts in the rest of the country, Humboldt County has remained pretty depressed this whole time. I think there are a lot of opportunities up there if you're looking for a bargain. I assume you don't need to be right on the beach, because that will cost a fortune anywhere. There are nice places to live from Legget or Garberville clear up to Trinidad or Orrick(sp?).
Good luck with your search.
โAug-12-2020 12:58 PM
Gnarley wrote:
I won't disagree with you, however, living hours inland is not what we want. I have friends from Reno To Gardnerville, and I lived in Reno for a few years but I prefer the cooler climate and moisture.
2014 RAM 3500 Diesel 4x4 Dually long bed. B&W RVK3600 hitch โข 2015 Crossroads Elevation Homestead Toy Hauler ("The Taj Mahauler") โข <\br >Toys:
โAug-12-2020 10:05 AM
Ed_Gee wrote:
As a resident on the Central Oregon Coast I would surmise you are going to have to make some consessions to your wants. Access to large airports is one. Large hospitals and top notch medical service is another. Here in Florence its just over an hour to a decent airport.....and while our local hospital can take care of most matters, serious medical attention is an hour and a half away. Jobs are also problematic. With your skills perhaps the local hospital would be interested.... and we do have a high tech ISP startup....but not many employees. Good luck, wherever you end up.
โAug-12-2020 09:50 AM
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.
โAug-12-2020 09:44 AM
dedmiston wrote:
Jobs: The workplace is more mobile now than it ever has been.
Park reservations: Things are about to change for you.
Location: What about taking all that nice Sonoma equity and moving someplace less expensive (but not Oregon coast) and then traveling to the coast for longer term stays from time to time? Use part of that Sonoma equity to buy in Carson City or someplace in ID where you're not too far from the west coast. You'd have enough to buy a less expensive home, set a chunk aside for medical insurance, set another chunk aside for travel expenses, and then take gig work to fill in the gaps and travel on a modest budget until you hit Medicare age and your healthcare expenses are reduced.
โAug-12-2020 09:37 AM
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.
โAug-12-2020 09:12 AM
2014 RAM 3500 Diesel 4x4 Dually long bed. B&W RVK3600 hitch โข 2015 Crossroads Elevation Homestead Toy Hauler ("The Taj Mahauler") โข <\br >Toys:
โAug-12-2020 08:43 AM
โAug-12-2020 08:11 AM