Early Retirement Extreme Forums

Ya that sounds kind of fun. If you have the money then why not I guess. And you could rent out 1 of them when you're not in it or something.

@JohnnyH - What kind of time split do you have in mind? 6 months here 6 months there? Weekend getaway?

@JohnnyH - What are your thoughts on keeping the places maintained and secure while you're not there? And how would you travel between them in an ERE way? I like the two-house idea but the nitty gritty logistics are a turn-off.

@jacob: I think it follows the introvert/extrovert split... 80% of the time I am happy being an introvert out in the country. 20% of the time I like being an extrovert out on the town... So I guess it would probably be a weekend or 1 week a month thing (better use of transportation time/costs), and likely accomplished less expensively with other arrangements.

@KevinW: Yes, it might be too impractical. I imagine the city appt would have no lawn to maintain, be in a building that takes care of most maintenance and very low carrying costs... Travel likely just drive car 60-100 miles once a month, or ride bike + trailer... Or bus/train if available. Perhaps even hitchhike.

I like European hut culture... Just my ideal one would be in reverse (city cottage, country home).
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I've been thinking more and more about the value of having multiple households on one property... Say 2-3 siblings and their mates and children. Would definitely speed up wealth accumulation of the unit.

With other people/families present, you could easily leave without having to worry about security, upkeep, bills/utilities not being utilized.

There is another living "strategy" that I know some traditional retirees have adopted, which is to plan to live somewhere for a few years, exhaust what value/interest you have in that location, and then move on. It's kind of half way between settling down and living in an r.v. This is usually a renting strategy -- its not worth owning something if you are only going to be there a few years.

One way to support such a two-home system (that I've been considering) is to pick locations that have high vacation-rental income during specific seasons, and live in them during the off-season. An example of this would be to buy one property in a ski resort town, rent it out throughout the ski season, and live in it during the other 7 months of the year (spend summer in the mountains). For the other property, pick something that has high rental income during the summer vacation season (maybe a beach house in the south or something near disneyworld?)

@susswein... that is an excellent idea

Dragline wrote:There is another living "strategy" that I know some traditional retirees have adopted, which is to plan to live somewhere for a few years, exhaust what value/interest you have in that location, and then move on. It's kind of half way between settling down and living in an r.v. This is usually a renting strategy -- its not worth owning something if you are only going to be there a few years.

Similar too what I would like to do at the beginning of my ERE "retirement." I'm interested in hitting a whole bunch of places for 3 months or so at a time (Eugene OR, Portland ME, Burlington VT, Key West, etc.). Then selecting one of them to be kind of permanent.

Plus, maybe knock off a 3-4 months stint in NYC. No way I'm living there permanently, but I would enjoy the experience for a little while.

I great idea to help all in the city would be creating self-sufficient renewable energy automated systems for all the basic needs. This could pull the helpful intelligent ERE'ers who wanted to volunteer into a giant ThinkTank of endless possibilities to improve their city's lives.

For energy needs, A big example is Masdar City for a fully self-sufficient with renewable energy city. http://en.wikipedia.org/wiki/Masdar_City

For food needs, a small example is the prefab Greenhouse + Ardunio Controls Buildings. http://tech.slashdot.org/story/12/10/11 ... ture-video

In the Discovery Channel's The Colony, a self-sufficiency without currency post-apocalyptic experiment demonstrated how 10 people could survive and build an ERE village in less than 16 weeks out of old junk and nature.

The problem is ERE isn't any one lifestyle, so it's hard to bring people together. For me, ERE City is so passe. My ideal would be more of a Village or Colony. A small, completely self-sufficient perma-culture/simple living outpost on a large plot of isolated, rural land in some temperate area of the world. Solar panels, simple drinking wells, hunting, gathering, farming, fishing and aquaculture. Preferably close enough to civilization to get an internet connection and cell phone reception, and access to emergency services as needed, but far enough (and large enough of a plot) to form an isolated culture or "country within a country", similar to the Amish, but secular, modern, and come and go as you please.

I see it as something like a holding company or LLC, or the original London Company of Virginia, where the initial "founders" parcel out "shares" in the form of subplots of land. Everyone could develop their plot of land however they please. Yurts, tents, log cabins, tiny homes, mobile homes, underground homes ala Mike Oehler (http://www.undergroundhousing.com/), all accepted. McMansions accepted too if you want but you might raise some eyebrows!

Residency could be full-time or seasonal. Personally, I'd just want a home base in between my travels. Some folks might want to hold a "city home" to get their fix of action-packed city-slicker hustle and bustle.

As the land is improved, and the community grows, and self-sufficiency increases, membership in the community would also increase in value, so the initial founders could realize a profit by selling out portions of the land to new shareholders at an appreciated value. Alternately, they could rent parts of their land to interested parties. There could be a type of rent-to-own structure built on the classic employment structure of "indentured servitude" in which potential ERErs lacking the funds to buy into the ERE neighborhood could agree to work for 5 years on the land.

Of course the work wouldn't only be simple and self-sustaining (although that work would be available for those who want it). Once we have that more or less automated, we would devote our minds to bettering ourselves and mankind, as well as producing a profit (further increasing the value of "shares" in the ERE Company). We could develop software, invent new products and patents, become a think-tank, create and conduct an ERE college in classic philosophical style, or get a reality TV show gig.

The possibilities are limitless! In my head, anyway.

+1 Spartan
I sure do like the sound of that! My view of an ERE "city" is very similar.

I'm considering moving to Traverse City (https://www.google.com/search?q=traverse+city&tbm=isch). It has a nice balance of wants for me.

A commune is substantially more ambitious than what I have in mind. I simply figured that an ERE city would make ERE meetups, teaching, tool borrowing, support, etc.---simple things---much easier. Maybe if we ever decide on a city (or several), such communes could be built in the vicinity. The style than best fit into existing regulations would likely be an RV park since it allows people to move in and out very easily.

How about the "human nature" aspect of such a venture?

Given that people are people, how to prevent issues like "I am more ERE than you" type of keeping up with the Joneses?
Does someone who have a slightly higher level of consumption be looked down upon by his neighbors? What is someone is not as mechanically adept, would he/she feel marginalized in such a community? Would someone who is more outgoing and friendly feel unwelcome (have to wonder about this after my trip to Seattle area)? What would be the dominant social mores? Would the INTJs start getting on the case of the INTPs for being too laid back and lazy and not showing up to the meetings on time? What about religious vs non-religious orientations etc? There are many many variables here....more complex than weather prediction.

I think FI/ERE mindset might be a necessary but not sufficient condition for such a venture to take hold. Or maybe it can be done by some people at a smaller scale...i.e. folks who would have gotten along anyways and FI/ERE is the icing on the cake.

Maybe ERE city is more feasible as a virtual concept...like through this blog/forum?

Sorry...don't mean to be Debbie Downer but have had some life experiences.

lee1988 wrote:Wilmington, NC: very nice weather, high quality beaches, cheap rents, University feel (could be good or bad), about 1.5 hours away from Triangle Research Park

I just returned from Wilmington. My sister lives there and I spent a few days visiting with she and her husband. Although they live in Wilmington proper, I spent time in Carolina Beach and Kure Beach. I enjoyed the mild (at least not harsh) winter conditions, the expansive interesting coast line made up of islands and rivers, and the lack of crowds. My sister reports that June-August is NOT a pleasant time to be there with the many tourists but September-May is very nice.

sshawnn wrote: I spent time in Carolina Beach and Kure Beach. I enjoyed the mild (at least not harsh) winter conditions, the expansive interesting coast line made up of islands and rivers, and the lack of crowds. My sister reports that June-August is NOT a pleasant time to be there with the many tourists but September-May is very nice.

That wouldn't be a deal breaker for me. It just means you could rent out your place during that time for income and travel someplace else that's nicer in the summer. If you were willing to go to someplace off-season during that time, it wouldn't be cost-prohibitive. Places like Whistler are beautiful in the summer. If you can stand the weather, there are cheap but nice carribean rentals during the summer, or just sail.

jennypenny wrote:

sshawnn wrote: I spent time in Carolina Beach and Kure Beach. I enjoyed the mild (at least not harsh) winter conditions, the expansive interesting coast line made up of islands and rivers, and the lack of crowds. My sister reports that June-August is NOT a pleasant time to be there with the many tourists but September-May is very nice.

That wouldn't be a deal breaker for me. It just means you could rent out your place during that time for income and travel someplace else that's nicer in the summer. If you were willing to go to someplace off-season during that time, it wouldn't be cost-prohibitive. Places like Whistler are beautiful in the summer. If you can stand the weather, there are cheap but nice carribean rentals during the summer, or just sail.

Right on! I talked with my sister about her buying a "vacation" property and possibly paying for it with the proceeds from rentals, June-August. They are not at a place where not working is an option so they could work a second seasonal job, and camp*, homeshare with friends, etc while prospering from their place.

I thought of the options you mentioned, specifically blue water cruising during those brutal summer months.

The winter weather while I was there was high in the 40s-50s but 70s are not uncommon. There is PLENTY of available outdoor offseason activity there!

* http://www.nccoastalreserve.net/Resourc ... d/205.aspx

http://www.trulia.com/property/31598132 ... t-SD-57551

Buy the city

Probably not the right thread since it's meant for an US ERE city, however -->

http://www.ecosia.org/search?q=sicilian ... don=chrome

An interesting ERE opportunity (if it wasn't for the geographical location, immigrants, climate (?) etc.)
On the bright side though, it would be easy to get enough people to occupy the city

jacob wrote:

vivacious wrote: I would posit many small, west coast places as fairly good for ERE. Specifically within an hour or 2 from a city. The prices are MUCH lower at that point. You could go into the main city sometimes also.

I've been looking [obsessively] at Washington (state) lately, particularly in the Puget Sound area. There are many [declining] lumber/fishing towns (Aberdeen, Centralia, Bremerton), where dilapidated houses can be had for $20,000 paying $400/year in RE taxes. A decent house (nonfixer) can be had for $50,000/$600 and a large one for $75,000/$800. In short, housing can be ridiculously cheap. The crime stats are kinda iffy but not as bad as Chicago.

If you don't mind the tsunami bottleneck risk, then Ocean Shores was/is a developed retirement community where 4 season vacation homes can be had for around $110,000/$1200 or so.

Artsy/touristy places like Port Townsend and Anacortes start around $150,000/$1600 or so (lowest I've seen was around $60k but that didn't look too good). That's what I'm looking at, namely for the added entertainment value. I've also looked at Union, WA. Bill Gates has a house there. That's about as far away as you can get from anything in Puget Sound.

There are also rural opportunities. You can get 10a for $175,000 with a small house in the middle of nowhere.

TL;DR - Washington state is currently my favorite state due to: decent RE prices, low RE taxes, no income tax, no excessive winter heating costs, long growth season, fresh water from the sky, lots of nature.

Curious what made you pick Chicago over Aberdeen. I have been looking at houses (on Zillow) recently and find that the houses in the 60-70K range are decent, low taxes, etc. The tsunami risk is what I also found. Also open to other cities with reasonable commutes to Seattle/Redmond.