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Florida
Reply to "There are so many really adorable, affordable houses in Florida"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Florida is doomed. Just no.[/quote] Like it or not, FL is the future, despite the hideous politics and climate issues. Just look at population/economic trends. Which states are experiencing population growth? Which are losing population? Where's new manufacturing going? (Hint, it's not the NE or Rust Belt). We're in the midst of an historical transition, perhaps the largest we've seen since the post-WWII suburbanization. Places like FL and TX are "winning" and places like NYC, Chicago are "losing". Neither climate nor politics are likely to change that anytime soon. [/quote] THIS. A lot of people on this forum bash Florida and I wonder if they have any clue about the massive migration, including of wealth, that is going on in this country. [/quote] How much of that migration and "wealth" are retirees who will be a massive net negative on the economy? If I retire to Florida and bring my $2MM retirement portfolio I'm bringing a ton of "wealth" to FL on paper, but how much of that will be sucked up by out-of-state based corporate "senior living communities?" How much of that will sit in a brokerage account doing nothing until I die and my liberal kids who would never willingly set foot in the state get it all? [/quote] No, Florida (and Texas) is one of the top states millennials are moving to.[/quote] +1 Sorry to interrupt the pp's liberal talking points, but it's not just retirees moving to FL.[/quote] +1 Boomer/retiree migration to Florida has actually slowed significantly due to the rising COL and influx of young professionals. Many retirees are now moving to places like Alabama that offer similar amenities for a lower price than the popular FL areas. https://www.wsj.com/articles/retirement-in-alabama-b59c55b3 [/quote]
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