With two to three years left to go, we’re within striking distance of early retirement, and are starting to hone in on some long term plans for our post-retirement life. We’ve narrowed it down to three options, and plan to devote a lot of time in 2019 to exploring these. Here are the three things we’re considering:
A Slightly Modified Version of our Current Setup
We’ve got a good thing going in Vancouver. We know how to find cheap housing, are experts on the local grocery options, and have tons of friends and family here. So how about we just keep going with that? We would definitely move out of downtown, since we don’t relish spending our retirement getting woken up at 6 AM every weekday by a million garbage trucks under our window. Not a huge deal now since I have to get up for work anyways, but when that’s no longer an issue? NOPE.
We would have tremendous flexibility for location anywhere within the Lower Mainland since we wouldn’t need to factor in commuting, so heading out to the suburbs would definitely be an option. We both like Burnaby, New Westminster, and North Vancouver. Renting would definitely continue, as there would be no way to make the math work on owning anything in Vancouver or the surrounding area.
Move to an Island and Build a Cabin
This option would be getting back to my rural roots! We could move to an island, buy a tiny and cheap plot of land, and build a cabin or tiny house. Alternatively, we could rent a cabin if there was one available in our price range. This would give us the peace and quiet we crave, as well as a fun project, because we would probably get into homesteading a bit as well. Pretty much any of the Gulf Islands are solid options here, and we’re going to start making island-scouting weekend trips happen starting in spring of 2019.
Over our many years of extensive international travel, we’ve come across a number of places that seem like great places to live. Our top choices include Budapest, Marseille, Chiang Mai, Berlin, Vienna, and Nice. There would certainly be a number of hoops to jump through depending on the country, but people manage to do it somehow, so it’s an option. I may have the option of receiving Hungarian citizenship through bloodline, which could be one option for European residency. An immigrant investor program could theoretically be an option as well.
So those are our current considerations for long-term living. We look forward to figuring out which one is best for us!