I'm not particularly close to retirement age, but I've been thinking about what kind of real estate strategy makes sense. So far, my ideas have gone over with my wife like a lead balloon.
I'm pretty sure I don't want to live in my current house after retiring. It's great for a family. I've got a big pool, big deck, lots of rooms, and lots of grass to mow. It's great right now, but I doubt it will make me happy in 10 or 20 years.
My first thought was to sell the house at some point, reduce the amount of stuff I own as much as possible and go rent somewhere for a while. Whenever it suits us we could move on and rent somewhere else.
By moving around we could get an idea of how we want to spend each year. Maybe we'd spend 6 months in Canada, 4 months in the warmer part of the U.S., and another 2 winter months somewhere else that's nice and warm.
My wife is definitely not sold on this idea. She sees impracticality in owning little enough to make moving so frequently possible. I think she also doesn't like the idea of not having a permanent place to call home.
For my part, I definitely don't want to own more than one place. It's hard enough to maintain one home and I don't like worrying about my house when I travel. Having two places would mean that I'd be worrying all the time.
My wife's concerns are legitimate, but I think mine are as well. I'd be interested in other thoughts on this subject.