Today we are going to talk about retirement a problem solved
- And just before we get into this weighty subject we are a Tina and Norm we talk all things
retirement - Yes we do and also if you haven't been to our channel before please subscribe,
like, give us a thumbs up and share it really helps our channel - It does so Tina one of the biggest
feedbacks that we got was when we suggested selling the family home - This is true - We did
get a lot of comments about that and people giving their side of the argument so we thought it's such
a good subject that we could flesh it out a bit more - We thought it's a big thing to talk about
isn't it - So one of the big things that people had about keeping the family home was
- That everybody comes back at Christmas and it's the memories of wanting everybody to keep coming
back to their house - So they're grown up children have a place to come back to a sense of family
- (Tina, yes) - Well what's the real reality of that because we've been through this - The reality is they don't
because your grown-up kids move on and they have their kids and they want to
start their own life with their own traditions - They go and buy a house which they're proud of
and they want to show it off to you as parents and so they don't want to come to your house at
Christmas and Thanksgiving they want you to come to their new house, generally speaking and share
in their happiness of them building their new life - This is true - So there's myth number one gone
- And the other thing too is you have to think about the isolation if you keep staying in your house
- We've mentioned this on a couple of occasions about social isolation and we saw it with
Tina's parents (Tina, yeah) - When they got elderly they were still in the family home and they could
go weeks without seeing anybody and to be honest with you the Amazon delivery person isn't a friend
- No so you can't really rely on those in actual fact Norm when we had the house we could go quite
a while without seeing people on a day-to-day basis - Society has become very insular and people
don't just knock on your front door anymore or drop in for a cup of tea
- As they used to - Not like our parents were (Tina, no) - So the older you get the you'll
find that your friends move away because they're selling their houses and downsizing
or god forbid they're dying off so you don't want to be the last
people standing in your street and everybody else around are newcomers and you don't know them so
we found coming into the apartment building and this is a brand new experience for us we have
never lived in an apartment building - No we haven't -To get to our car we have to go in an
elevator, well we don't have to but we do - Sometimes we take the stairs if we're feeling as if we need
a bit of fitness - So you take the elevator there's nearly always somebody there and so you have a
quick chat (Tina, yeah) - Or there's somebody walking past you in the hallway have a quick chat get down to
the lobby check your mailbox there's other people milling around you have another quick
chat so there's always somebody around and it seems people in apartments are more open to have
- Conversation I think because they know everybody's similar so it's like having your own mini house on
the apartment floor and you've got your own place but you will meet and talk to people and we find
it great don't we - So we have another solution to selling your home we're not going to be beaten on
this one - No - So it's all about downsizing and getting rid of a lifetime of accumulated stuff
we've all done it and minimalism is really fashionable at the moment and if you can
enter into that it will be beneficial (Tina, yes) - So we're saying rent an apartment don't even think
about renting a condo - No we're not keen on that are we because there are a lot of hidden costs
with condos with the condo fees - Yeah if the building is underfunded for maintenance then
they'll increase the condo fee or they'll have an extraordinary condo fee where you have to stump up
five grand or something like this it's happened to a few of our friends so we've had first-hand
knowledge - Yeah haven't we so we still believe in sell your home downsize rent an apartment and then
here is the answer to the problem - Well what acts like a magnet for your grown-up kids and grandchildren
it's just like a magic bullet to them wanting to see you - And that is buy a recreational property
- Something like a trailer like we have on a site (Tina, yes) - Preferably one of those sites that's by a lake
and it's a bit of a resort so there's stuff going on - And if it's got a little shop that sells ice
cream and it might have a chip truck it might have different things going on but it if it has a lake
where they probably rent boats do you think Norm or you can get your own boat - Yeah and everybody
wants to go to the country in the summertime go and have a lakeside experience certainly in
central Canada so that's our solution is you rent an apartment buy a recreational property and
it could be a cottage it could be a trailer like ours or it could be one of those fancy park
model trailers that we can't afford - I know they're beautiful aren't they're just like mini houses - Two
story lots of bedrooms - But again on the lake where you can go out you can walk around it you can meet
people - And we managed to find a resort on a lake that has three swimming pools indoors so if the
weather's not good you can swim inside it's got a lake with a safe swimming area where no boats
can go it has a a chip truck they bring in food trucks throughout the summer season different
ones like Mexican and they even brought in the Beaver Tail truck - And they have a farmers market
that come in don't you do twice twice a week - So lots to be going on it's in a nice area that's
good to explore so your adult kids are going to want to come and see you - Yeah and they also have
activities going on to amuse the little grandkids they have things yeah children's programs but they
also have adult programs too where they have music come in and yeah you can get together for concerts
and drinks - And listen to some music the other thing is it builds memories it builds memories for
your grandchildren and Tina had experience of this with her Grandmother she had a caravan in England
- Yeah absolutely I have so many wonderful memories of every summer I would go to my Grandparents and
it was actually I think it was in a site Norm in Wales in a little place called Harlech
and I remember we used to go pick mushrooms in the fields take them back and fry them
and we'd go fishing on the beach and I have all those memories now it's wonderful so what
we're suggesting is make those new memories - Yeah and you can be the leader in your family,
because kids grown-up kids these days are having a tough time affording houses they're going up so
so much so if you came up with a recreational property you're giving a gift to your children
and your grandchildren so that's our retirement a problem solved yes sell the house downsize,
recreational property and you will be the most popular parents in the world - Yeah and you'll
have great memories and we can't wait for another couple of months till we can get into ours (Norm, exactly)
- And it's wonderful isn't it - So thanks for watching our video again and we
hope you're all keeping well - And staying safe and till the next time bye bye, - bye