There was an article on NPR's marketplace report about the difficulties in the sub-prime lending market, and how they are leading to problems in the prime lending market. Buyers, they said, are having more difficulty getting money; sellers are having difficulty moving houses at the price they want. All of which is depressing housing prices. So, on a walk this evening, I asked my wife if there was anything to the idea of cashing in on that and buying a retirement home, even an interim one, now, and selling it later. She liked the idea, but pointed out that such a house would be vacant half the year -- so what if we looked into buying a condominium in a resort area, renting it for peak periods, and using it ourselves part of the year, eventually making it a second home, and then possibly someplace to live while we had a new home built?
Hmmm..... I'm a really conservative guy, financially (and most ways), but-- hmmm.....
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