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Higher housing prices elevate property taxes,and for some Californians, another factor is in play.
Various Californian neighborhoods are slowly and literally sinking, prompting utility companies to pull back from those neighborhoods.
In anX post, David Hermann explains how most of the people affected are retirees.
Over 130 multi million dollar homes.
Nobody will get reimbursed.
Most are elderly residents who purchased these homes post WW2.
The builders and city neglected the geological nightmare under their feet.
Natural disasters like hurricanes and tornadoes are also worth monitoring, depending on where you live.
While natural events are unavoidable, the place you live influences which ones youll encounter and their severity.
Downsize
Downsizing is a straightforward way to secure housing in retirement.
Retirees may not have as much of a need to live near big cities.
This strategy can also help you prevent a downsize.
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