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I live in one such county, but the net population has not risen since 2007 due to out migration of family age people seeking employment. However, our area has experienced business and employment growth in the last three years. Home sales are up. As far as I am concerned it's OK that population is stable in my area and not shooting up like it did here during 1990-2006.
I live in one such county, but the net population has not risen since 2007 due to out migration of family age people seeking employment. However, our area has experienced business and employment growth in the last three years. Home sales are up. As far as I am concerned it's OK that population is stable in my area and not shooting up like it did here during 1990-2006.
As jobs consolidate into fewer and fewer metro areas, older, incumbent homeowners in those locations can cash out and go back to small town America. I expect these trends to accelerate.
Location: East of Seattle since 1992, 615' Elevation, Zone 8b - originally from SF Bay Area
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This will continue on for years. In our neighborhood the homes have started to turn over, but many of us are staying beyond typical retirement age. We are 65 and 66 and still here and working, in our home for 25 years. Next door and across the street the couples are both retired but still there. Another neighbor is still working at 68, wife retired, and in their home that they bought new in 1978. Having "dug out" from the recession means that some of us have a great income now but are enjoying the additional income with empty nests while catching up the recession losses from other investments, continuing to build pensions, 401Ks, Social Security benefits and the home values are still going up 10-15% a year for a greater yield when finally selling.
This will continue on for years. In our neighborhood the homes have started to turn over, but many of us are staying beyond typical retirement age. We are 65 and 66 and still here and working, in our home for 25 years. Next door and across the street the couples are both retired but still there. Another neighbor is still working at 68, wife retired, and in their home that they bought new in 1978. Having "dug out" from the recession means that some of us have a great income now but are enjoying the additional income with empty nests while catching up the recession losses from other investments, continuing to build pensions, 401Ks, Social Security benefits and the home values are still going up 10-15% a year for a greater yield when finally selling.
I think that staying put and not running off to a new location when you retire is a good idea. One has their connections, friends, doctor and car mechanic. Unless you dislike your location, of course. Some of our best friends have retired and stayed in the expensive San Francisco Bay Area, because it is home. But it is about personal choice.
I think that staying put and not running off to a new location when you retire is a good idea. One has their connections, friends, doctor and car mechanic. Unless you dislike your location, of course. Some of our best friends have retired and stayed in the expensive San Francisco Bay Area, because it is home. But it is about personal choice.
Well, you're neglecting to mention that some people, many people can't retire where they currently live because the expenses there are too high. It's more than about just personal choice. It about the reality of finances as well.
If my choice is to move to a low cost of living area or continue to work indefinitely, I'll be moving.
Well, you're neglecting to mention that some people, many people can't retire where they currently live because the expenses there are too high. It's more than about just personal choice. It about the reality of finances as well.
If my choice is to move to a low cost of living area or continue to work indefinitely, I'll be moving.
Yes, this is the reality for many people, especially those unable to work any longer.
I could afford to retire in eastern MA but the main draw here has been working. Without working, it's an expensive and congested area where it's hard to make friends or find community (for me, anyway). Even if I paid off my house, the taxes are $6300/yr for a 2-bedroom house and go up a few hundred every year.
If I had any unusual medical problems, I would likely stay but will be getting out. I cannot stay here because it's close to medical mecca of Boston.
I think that staying put and not running off to a new location when you retire is a good idea. One has their connections, friends, doctor and car mechanic. Unless you dislike your location, of course. Some of our best friends have retired and stayed in the expensive San Francisco Bay Area, because it is home. But it is about personal choice.
We left the expensive Bay Area upon retirement because traffic was saturated and infrastructure was crumbling.
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