San Diego Housing Market News and Analysis
Semi-Retire in Temecula in 2012
User Forum Topic
Submitted by ice9 on January 22, 2009 - 9:10am
I am looking to semi-retire somewhere affordable and with great weather. Great weather is subjective, but for me that means no winter, sunny a lot, and warm/hot summers.
I am 37 years old, which is why I'm not talking about full blown retirement. I am a programmer (video game field) and working from home. I think I could continue to work from home in a semi-retirement fashion.
I was in a very good situation last year, with 1M between my 401K and savings. I've stayed fully invested through the market downturns, so I am considerably less well off. Still, I planned to keep this money in the market long-term and live off dividends eventually.
I'm interested in feedback from people on the following assumptions about settling in the Temecula area in a few years (note: I currently reside in Austin, TX)
- can get a quality 2500 sq ft home in desirable area for under $100 per sq ft
- find a house with no mello roos and low (or no) HOA fees
- property taxes will be not bad at 1%
- utility costs will be relatively cheap due to mild weather, excepting electric bills in summer
- can get by without owning a car (can rent car when needed)
- lots of opportunities for outdoor activities, esp. running
- high state tax won't have big impact for me since income will be relatively low (~30K dividends/yr, plus whatever supplemental income from contract work)
- heath insurance? I'm healthy with no history of health issues. Probably just need catastrophic insurance.
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