My wife and I retired 10 years ago and moved to Florida. We bought a nice house with a pool, and life was good. Then early last year we decided to move back to the Tacoma area – too many missed birthdays and holidays with our daughters and grandkids.
We have been looking at condos in Lakewood and University Place. We really liked one in UP until we saw the property taxes and homeowners association fees – just shy of $9,000 a year. Add on insurance and utilities and you are talking about $1,200 a month just for the privilege of living there.
We have decent incomes, but that money could be better spent enjoying our retirement – taking vacations, going on cruises. We will keep looking, but probably not in these areas.