Toxic mortgages had the predicted impact on Wall Street. 500 points yesterday. Yikes. The question is whether the fed or the government will continue to react shortsightedly trying to stop things from unraveling, or buck up and take their medicine. Sad to say, but the sooner we hit bottom, the sooner we can start climbing back up out of it. (of course, they may have said that in 1929 too) Meanwhile, there are a lot of people who mistook debt for wealth, and many of them live in houses they cannot afford. We hear about the many baby-boomers now retiring every day. Many must be wondering whether that’s a good idea right now. Whilst this might not seem practical for all of us, those who have worked hard enough and are financially stable enough could consider retiring early. This younger generation of people who have enough money to consider slowing their lives down have ensured they have enough in their bank accounts to allow them to start enjoying their lives more. When considering retiring at such a young age, it’s vital to make sure that you’re happy with the home you will be spending a lot more time in. For many of these younger people, they will be retiring whilst they still have their children at home with them. This means that they will probably need a family-friendly home in a safe neighborhood. For many people looking at retiring, they have been looking around Main Line Homes and other real estate communities. When retiring, it’s important to find a house in an area with a slower lifestyle that is still safe for children. Hopefully, these baby-boomers will enjoy their new retired lifestyle.
