Quote:
Originally Posted by JolyB
Thanks for the link. Interesting article. Have to admire the bravery and independence of those who make such a life style decision. They seem to have thought it out very carefully and it must work for them for the time being. The absence of either transportation or clothing from their monthly budget must eventually be faced as things eventually need to be repaired or replaced. The amount allocated for health care seems very low, even for a young, healthy couple. Over time, that can be a budget breaker. They are fortunate that property taxes are so low. Most of all, I guess they need to hope that the increase in value of their stock investments grows faster than the rate of inflation, since they are looking at such a long horizon over which their nest egg must last.
|
I agree that they are brave. I think what would concern me is their losses in the market which I am guessing may plunge even further when companies start reporting earnings, but they are young so could return to work. We all have to worry about the stock market. I'm sure it will recover at some point, but who knows when. They are right to stay invested because if you cash out, you just lock in losses. A lot of older people depend on the market for part of their income, but I would hate to think I was solely dependent on it.
As for property taxes, I think mine are quite a bit lower, but I didn't hear them say how much acreage they had so maybe that is the difference. Might be nice to live in Arizona. I probably wouldn't be plagued by all the allergy problems that I have
in this wet place with tons of both pollen and mold. Hot Springs is a pretty, forested place with several lakes, but some of us pay the price for living here.