Retire! London homeowners

fred246

Although I live up north we can get to Euston by direct train in 2 hours. The (mostly female) staff where I work are always having theatre weekends. You have to get a bargain train ticket and then book theatre and hotel. I often think they probably see a lot more shows than the londoners themselves. And of course we have much more cash to spend because it doesn't all go on housing and transport costs.

lisyloo

Most people have family, friends and activities they are involved in.
You are right that it's not all but it will be MOST people that want to see their grand children etc.

System

It is all a balance on a personal level, case by case

Thrugelmir

MatthewAinsworth wrote: »

Why bother working to fund expensive London property when you could just sell up and retire up north or on Wales or northern Ireland, or abroad?

Ones needs a lot of money to retire early.

chucknorris

Thrugelmir wrote: »

Ones needs a lot of money to retire early.

Agreed, and one needs to make sure that they get it right, if you felt the need to go back after a couple of years, you'll likely find that:

a) It is a very hard thing to do.
b) You probably won't be able to get back at the same salary
c) At an early retirement age, it isn't easy to find a job

So you have to be quite certain that it is the right decision to retire (not a decsion to be made lightly).

kinger101

MatthewAinsworth wrote: »

Everyone retires in their own time I think, when ready, there may be annuities or buy to let to provide an income. If I could afford to retire it work but do something different, like stroke cats

http://www.indeed.co.uk/jobs?q=cat+stroker&l=

Seems opportunities in that particular vocation must come up infrequently. Though I only checked UK to be fair. There may be opportunities if you were willing to relocate overseas.

System

Kinger - lol, think I'll have to just go down to animal sanctuary!

Chuck & thrug - true and its a big decision one must be sure of, but there is a lot of equity in property, its most appropriate if someone really is fed up with rat race

chucknorris

MatthewAinsworth wrote: »

Kinger - lol, think I'll have to just go down to animal sanctuary!

Chuck & thrug - true and its a big decision one must be sure of, but there is a lot of equity in property, its most appropriate if someone really is fed up with rat race

I'm retiring early next September (mostly on the back of London property equity). I'm not fed up, I like my job, but despite that, there are other things I prefer doing to working (too many to list), also if I continue working much longer its for the tax man/someone else, not me.

Generali

I quite fancy being a cat stoker. Where does the poker go?

Thrugelmir

MatthewAinsworth wrote: »

Chuck & thrug - true and its a big decision one must be sure of, but there is a lot of equity in property, its most appropriate if someone really is fed up with rat race

Different ways of escaping the rat race. I no longer operate at the same level as I once did. The challenges posed though keep ones mind active. Far better than simply becoming a hermit.