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Reply to "Retirees living off their investments in expensive resort towns"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]What town?[/quote] Also wondering, OP what town?[/quote] OP here. Newport Beach, but I'm sure it's the same in Palm Beach, Martha's Vineyard, etc.[/quote] Newport has about 75,000 residents. The people you saw probably live there or in another OC city. There are a lot of businesses there or in nearby Irvine; it’s not just a resort. People don’t generally move there to retire as it’s very expensive. Also, the population in Newport skews older than in some other cities, if they looked to be of retirement age. (Grew up there, live nearby). [/quote]
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