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There is a difference between the Philly metro and the rest of the state. The state has lost its good manufacturing jobs and there is little to attract or retain young people in the small towns and rural areas that take up most of the the state. The millennial population of Philly, on the other hand, has exploded in the 6+ years we’ve lived here: Fastest-Growing Millennial Populations in 10 Largest U.S. Cities This is great for us because it brings more and more entertainment, culture, restaurants and shopping to the city which only serves to make it an even better place to live for us.
I am not surprised that retirees aren’t flocking to Philadelphia. Do you want to retire here? Most retirees are not interested in spending their golden years in the BosWash megalopolis. Instead, they prefer warmer climates and a slower pace. We know we are exceptions to the rule, but as you can see from this thread, there is a selection of retirees who do prefer an active urban lifestyle.
Wow. Are you saying anyone who buys a condo in the city gets near zero property taxes for the first 10 years? Give me a good phrase to google so I can learn more. Can’t blame you for liking Philly over Boston if that’s the case....
No, I am not saying anyone who buys a condo in Philly gets a 10 year tax abatement. I am saying that qualifying construction in the city is granted a 10 year tax abatement from the time it is built, not from the time someone purchases it. For example, if you buy into a such a home 6 years after it was granted tax abatement, you will only have abated taxes for the remaining 4 years.
If you wish to get all the technical details, I would simple google Philadelphia tax abatement program and I’m sure you will find a good deal of information. I see lots of links.
Finally, there are many reasons I prefer Philly over Boston. The tax abatement policies are not on the list.
I lived and worked in Manhattan all of my adult life. By retirement time I knew that it would probably be too difficult to live there financially, and I was sick of the noise and crowding wherever you went.
And I wanted nature...birds, flowers, trees, the wind. So, since retirement I have only lived in small cities 20,000 or less or in the countryside. For me it was an excellent decision.
I've never lived in Manhattan, but used to go there at least a few times a year. When I reached a certain age, it felt energy sapping. Much different than when I was young.
Hospitals and airports are nice to have not too far away. The small towns usually don't offer the services. My sister lives in a small town and she wants to relocate upon retirement to a larger city with some amenities. She was considering photography as a hobby. Wants to take up something new at a local college.
No, I am not saying anyone who buys a condo in Philly gets a 10 year tax abatement. I am saying that qualifying construction in the city is granted a 10 year tax abatement from the time it is built, not from the time someone purchases it. For example, if you buy into a such a home 6 years after it was granted tax abatement, you will only have abated taxes for the remaining 4 years.
If you wish to get all the technical details, I would simple google Philadelphia tax abatement program and I’m sure you will find a good deal of information. I see lots of links.
Finally, there are many reasons I prefer Philly over Boston. The tax abatement policies are not on the list.
Yes, lots of things to love about Philly. As an avid Boston sports fan though, I might have a tough time enjoying my Pats and Red Sox :-)
I'm thinking of moving (with the aim of eventually retiring) to a town of about 10,000. Phoenix is 2 hours away, Flagstaff is about an hour away.
The only way you can ever really know about a place is by living there, though. I'm about to take the next step and rent a house in that small town. If I can't get adequate medical care there, I'll cross it off our list at the end of the lease.
There is a difference between the Philly metro and the rest of the state. The state has lost its good manufacturing jobs and there is little to attract or retain young people in the small towns and rural areas that take up most of the the state. The millennial population of Philly, on the other hand, has exploded in the 6+ years we’ve lived here: Fastest-Growing Millennial Populations in 10 Largest U.S. Cities This is great for us because it brings more and more entertainment, culture, restaurants and shopping to the city which only serves to make it an even better place to live for us.
I am not surprised that retirees aren’t flocking to Philadelphia. Do you want to retire here? Most retirees are not interested in spending their golden years in the BosWash megalopolis. Instead, they prefer warmer climates and a slower pace. We know we are exceptions to the rule, but as you can see from this thread, there is a selection of retirees who do prefer an active urban lifestyle.
I have no desire to live in any city.
As a retiree I migrated to the state with the highest percentage of retirees, Maine.
You can enjoy them all you want. Just do it on the down low.
Well, that kind removes part of the fun.....when your hometown team is the greatest team in NFL history, you sure as hell want everyone to know. That’s part of being a fan.
Philly fans would do the same if they were so lucky.
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