I have never criticized the "lifestyle." I often think it would be good for us later on. MY caution is to plan carefully and have a back-up plan.
About 10 years ago I bought a little boat from a man. He and his wife had bought a new truck, a new fifth wheel and the boat for their retirement adventure. One week into the trip, he had a heart attack, While in the hospital, his colon cancer was discovered.
In two weeks he went from the adventure of a lifetime to stuck at home, payments on three big new things he couldn't use, huge medical payments, and his savings almost gone. His problems would have been compounded had he had no home to return to.
Do it, but have a back-up plan. I have seen people go from family house to vacation house to retirement house to in-town house (near the doctors), to kid's house, to assisted living... The retirement house, thought to be the last spot was just temporary, as were the others. The only living arrangement that is permanent for us is in a casket or an urn. Be financially able to change arrangements when your life requires it.
Matt B
oldMattB
1998 Monaco Windsor