If you're looking for the cheapest places to live in the world then home values will have a big impact on where you land. Of course we all want to sell high and buy low - it's the ultimate investment strategy. So, if you're thinking of a move, particularly if you are at or near retirement than there could be some fantastic opportunities for you. The Best Places to Retire are also those that have the lowest home prices and the least cost of living. If you happen to be working in a place where home prices and the cost of living is high and you're ready to retire - Bingo! You just hit that ideal investment jack pot.
On the other end of the 'life - earnings scale' is when we enter the job market. One of the biggest challenges we face after graduation is finding a job in a nice area where we can be happy. For some that may mean raising a family for others it means living an active social life in a vibrant city. But things change when we approach retirement. This time of life can literally open a world of possibilities. Now when we think about the best places to live our criteria changes completely. We are no longer dependant on the job market for where we live. That is one huge factor. This is why we see so many lists showing the Best Places to Retire are in small foreign countries. Often these countries have annual average wages which are less than the average North American is accustomed to earning in one week! That equates to one low cost of living for a retiree but one poor opportunity for someone looking for work.
So, the next time you are commiserating about how, when and if you will be able to retire think about the world of opportunities you have before you!
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