[JayCT]

Originally Posted by MeaningIntheMeanwhile

- Again the main reason NYers and Tri state cannot retire in NYC or surround areas is the loss of real value of money/buying power which does not keep up with the increase of COL. As I said, NY's unemployment rate and NY's GDP ranking within the US that you threw in are completely irrelevant when it comes to NYers financial ability to sustain their lifestyle - the fact that GDP is worse in Missouri does not help them, on contrary. That is why there ARE more NYers retiring out of state than ever. NYers can see it, feel it and observe it as an increasing trend while sharing on their retirement plans their their co-workers, friends family and visiting them, not only in FL but TN is becoming more popular as well as NC, SC etc. Your statement that NYers have been retiring to Florida for the past 70 yrs now, does not cover the fact that the slice of NYers unable to retire in their home city is bigger then ever. I see it as the digression from the indisputable facts.
Those out of state who may also get acquainted with his fact through numerous references, if they care enough.

1) https://www.forbes.com/sites/jackkel.../#6dcae89d41ac

2) https://www.democratandchronicle.com...te/3616563002/

But there are many references for those who care. For those who do not why keep listing.

You could say that my views are fairly close to libertarian on some topics, not that my views are important when observing NYers not being to retire in NYC or what is the definition of Liberalism/Conservatives.

As I already said, if there is any segment in my written content that you would like me to explain better or make more accessible to you or any other benevolent participant of this discussion I will find the time to do so.

This is off topic but the fact is the vast majority of people in New York City stay. Almost 12% of city’s population is over 65 years old. That is almost 1 million people. It’s definitely less than the US average of 16% so if you feel that is a lot, then fine. 17% of Connecticut’s population is over 65 years old. New York State is 16.4% and New Jersey is 16.1% so if there really is a big number of retirees leaving these states it’s not showing up in the facts. Jay

https://www.census.gov/quickfacts/fa...e/US/PST045219

Moderator cut: link removed, competitor site

https://www.census.gov/quickfacts/CT

https://www.census.gov/quickfacts/NY

https://www.census.gov/quickfacts/NJ

[New Englander]

Originally Posted by Fuele

As much as I complain about CT, especially the Dem leadership, the opinion I have is that if one chooses wisely, and is prepared to live within their means , there are many affordable decent places to live in the state.
A state with many high income earners like CT actually can provide more opportunity to make money as a consequence of that fact. Higher income earners have more disposable income. The strategy is to put some of it in your own pocket whenever possible.

Precisely. Politically, I am a Republican and did not like many of the policy decisions in the state. However, having lived in Fairfield for a few years, before moving back to Boston, I am not blinded by politics and will not invest in a blue state. CT offers a great value and my endeavors have been very profitable here.

[CT_Yank]

Probably some good lowball deals as massive desperation sets in. Still, before investing, the question is why CT is outlier to lose value..and what will stop it? NJ and RI did not fall. Not most business friendly NE states.

I can partly answer own question, if you work for Department of Administrative Service Bureau of Enterprise Systems & Technology then I would start looking for employment. Just got contact that they are looking at staff augmentation specialist, senior PM. 12 month role. Looks like CT looking to outsource to cheap labor slaves, like Tata.

[JayCT]

Azitra is expanding and relocating to Branford. Great news. Jay

https://www.hartfordbusiness.com/art...ng-to-branford

[BobNJ1960]

Sad for both the 151 patients plus 215 employees.

Bankruptcy judge orders closure of embattled Bridgeport nursing

[kidyankee764]

Connecticut lost a total of .7% of total adjusted gross income in 2018, with about 1.14b going to FL. It gained $1b from NY.

https://yankeeinstitute.org/2020/01/...tates-in-2018/

[JayCT]

Originally Posted by kidyankee764

Connecticut lost a total of .7% of total adjusted gross income in 2018, with about 1.14b going to FL. It gained $1b from NY.

https://yankeeinstitute.org/2020/01/...tates-in-2018/

This would be a lot more believable if it didn’t reference the highly flawed United Van Lines study. But then again The Yankee Institute is not the most objective of sources. Jay

[JGBigGreen]

Is the IRS data questionable as well?

Originally Posted by JayCT

This would be a lot more believable if it didn’t reference the highly flawed United Van Lines study. But then again The Yankee Institute is not the most objective of sources. Jay

[kidyankee764]

Originally Posted by JayCT

This would be a lot more believable if it didn’t reference the highly flawed United Van Lines study. But then again The Yankee Institute is not the most objective of sources. Jay

It’s easy to dismiss, but not far off when you look at the IRS data from 2016 and 2017.

“Between 2016 and 2017, Connecticut saw a net loss of $2.1 billion, according to IRS figures“

Can’t really dispute that.

[BobNJ1960]

Originally Posted by kidyankee764

It’s easy to dismiss, but not far off when you look at the IRS data from 2016 and 2017.

“Between 2016 and 2017, Connecticut saw a net loss of $2.1 billion, according to IRS figures“

Can’t really dispute that.

Bingo.

The revenue loss will lead to a point where we will see government scale back the functions it covers, out of necessity, at some point. Since continuing to raise taxes will increase the revenue exodus out of Ct.

I happen to be friends with an exec at a rival of the one quoted in the study. His moving van corp also has seen far more exits from Ct versus folks moving into Ct. They charge less to move in, btw, as they need vans coming back loaded. Still, some must come back empty to accommodate those leaving. That does put a strain on the moving company's earnings as an empty return is all cost, no revenue.