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I can see why a place like Naples or Key West FL (for a wealthy person) would be more desirable than Boston. I dont think people are leaving Boston for the trailer parks of FL.
It's a matter of personal preference. I personally find the winter weather the only thing appealing in FL over MA.
Im not that familiar with FL. But weather is very important to many. The cold weather can really stink and I think many wonder why they pay what they do to live here when they don't get good weather 6 months out of the year. I don't enjoy the winter but I won't be leaving MA most likely.
Plenty of older people do fine in the suburbs. I think we need to say now that it's wealthy old people who take to Boston....I know it's hard to understand on this forum but not all old people are wealthy. Not all retired people have over a million to invest in a home in the city.
90th percentile household net worth for age 65-69 is about $2 million including home equity. 95th percentile is $4 million. That's nationally. Boston is significantly higher. There are plenty of retirees would could afford an urban pied a terre.
I know so many people who bought a house in Naples ( they often have one here, too).
Traditionally, people from the Northeast retired to the east coast of FL, and people from the Midwest retired to the west coast of FL. Naples seems to have more recently pulled from the northeast as well, but it has gotten relatively expensive.
Ocala, FL, seems to be pulling the insane folks from all over the country.
Traditionally, people from the Northeast retired to the east coast of FL, and people from the Midwest retired to the west coast of FL. Naples seems to have more recently pulled from the northeast as well, but it has gotten relatively expensive.
Ocala, FL, seems to be pulling the insane folks from all over the country.
Not accurate at all. Naples/East Naples has long been a retirement destination for Boston people, to the point of where the term "Boston South" has been coined in reference to it. Lots of New Englanders in Fort Meyers, Sarasota, Northport, etc.
Not accurate at all. Naples/East Naples has long been a retirement destination for Boston people, to the point of where the term "Boston South" has been coined in reference to it. Lots of New Englanders in Fort Meyers, Sarasota, Northport, etc.
Yep. In my father's generation, most people I know ended up west coast. There were probably 20 couples from my town on Longboat Key.
Plenty of older people do fine in the suburbs. I think we need to say now that it's wealthy old people who take to Boston....I know it's hard to understand on this forum but not all old people are wealthy. Not all retired people have over a million to invest in a home in the city.
I also think that's a big piece of the picture here. People aren't leaving JUST because of the taxes. They are paying taxes on top of a very high COL.
Not necessary wealthy. They are often downgrading in size of property. It’s not always luxury condos too.
Cost of living is high mostly if you need to pay ever rising rent or just bought a house. If your house/condo is paid off other things are not as expensive. I noticed that in Florida even though Real estate is cheaper, condo fees on average are higher.
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