It may be the perfect time to starting looking at buying that retirement home. Popular retirement areas from California to Florida, are seeing big price drops. Couple reduced prices with record low mortgage rates and you may have a deal of a lifetime.
Of course, a deal isn’t a deal if you can’t afford it. Money magazine suggests making sure you are already maxing your 401K contributions and that you clearly understand the true costs of ownership — utilities, lawn care, property management, etc.
But if you’re planning to retire in the next decade or so, you may not see opportunities like this again. Check out: Retiree Havens Go on Sale
What’s your dream retirement area?