Today, like many days recently, I am mentally swinging back and forth considering plans for after I retire. A few months ago I thought I'd rent out my house for a year and travel around the country after I retire. Then a few weeks ago my plan was to get a HELOC to use for future house maintenance and then do shorter travels to places. Then this past week I was totally sure I was going to sell my house next spring and travel around the country and maybe Europe, with my cat, and worry about settling down somewhere after that. I was going to sell everything (maybe get a storage unit for a few items), change my legal domicile to a Florida mailing service so I wouldn't have to pay state taxes, and spend 2 or 3 months in a bunch of different cities seeing the country that way.
Then today I was looking at rental costs in different cities. OMG, massive sticker shock. I could afford to stay in a room in someone's house. Not sure how my cat would take to that, or me either. Eventually I found the 'extended stay america' hotels, and I guess with careful selections I might be able to afford those.
But now I'm not sure if I should sell my house. I thought the money I would save in property taxes and house maintenance, together with the money hopefully earned if I invest the proceeds of selling my house, would together make it easy to rent apartments and live where ever I want to.
It seems that the local rents in Omaha, Nebraska must be way way way below normal rents.