http://realestate.yahoo.com/promo/where-americas-money-is-moving "In order to find patterns among the wealthy, we restricted the lists to counties where departing or arriving households had per-capita incomes of $35,000 or more. " This study is pretty badly done given that similar lifestyles will be supported by very different per-capita incomes depending on whether there are kids or not in the... [more]
http://realestate.yahoo.com/promo/where-americas-money-is-moving
"In order to find patterns among the wealthy, we restricted the lists to counties where departing or arriving households had per-capita incomes of $35,000 or more. "
This study is pretty badly done given that similar lifestyles will be supported by very different per-capita incomes depending on whether there are kids or not in the households.
Kids depend on local services (education) while the elderly depend at the federal level (SS and Medicare). So where retirees are moving is irrelevant to families with kids as they don't care about good schools. They should have broke it down to family structure and age imho for it to be more relevant.
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Response by somewhereelse
over 15 years ago
Posts: 7435
Member since: Oct 2009
I wonder how much of this is just retiring....
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Response by falcogold1
over 15 years ago
Posts: 4159
Member since: Sep 2008
some like it hot...deeply tanned bodies the color of a Louis Vuitton pocket books adorned with all their jewels. Welcome to Florida...G-ds Waiting room. Dinner at 4PM? The weather channel and left turn singnals as far as the eye can see.
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Response by somewhereelse
over 15 years ago
Posts: 7435
Member since: Oct 2009
yeah, my version of hell is something like that.
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Response by patient09
over 15 years ago
Posts: 1571
Member since: Nov 2008
The take away is lower state income tax revenues from the folks that are bailing.
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Response by w67thstreet
over 15 years ago
Posts: 9003
Member since: Dec 2008
hey... guyz... is "departing" code for "dead"?
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Response by 30yrs_RE_20_in_REO
over 15 years ago
Posts: 9880
Member since: Mar 2009
falco: "dinner the night before". (other parts of the routine "you spend most of your time wandering around malls looking for the ultimate in soft yogurt and muttering "how come the kids don't call?" ")
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Response by apt23
over 15 years ago
Posts: 2041
Member since: Jul 2009
Falco: You have not been to Miami lately. One of the most vibrant art markets in the world. The money, opportunity and busted real estate has attracted serious money from all over central and south america as well as europe. It is a vibrant international city. The cliche of old jewish geezer (apologies to in-laws) and old mafia money is over. There might be some drug money floating around but other than that, money is being channeled into culture and the arts in an effort to build up the community and re market., It is hot, hot , hot. It is no longer dinner at 4. It is you can't book dinner before 11 pm because you can't get a reservation. And my god, some of the best food on the planet. And, most of the high end residents stay for 6+ months to get the tax break. A very transient crowd.
I wonder how much of this is just retiring....
some like it hot...deeply tanned bodies the color of a Louis Vuitton pocket books adorned with all their jewels. Welcome to Florida...G-ds Waiting room. Dinner at 4PM? The weather channel and left turn singnals as far as the eye can see.
yeah, my version of hell is something like that.
The take away is lower state income tax revenues from the folks that are bailing.
hey... guyz... is "departing" code for "dead"?
falco: "dinner the night before". (other parts of the routine "you spend most of your time wandering around malls looking for the ultimate in soft yogurt and muttering "how come the kids don't call?" ")
Falco: You have not been to Miami lately. One of the most vibrant art markets in the world. The money, opportunity and busted real estate has attracted serious money from all over central and south america as well as europe. It is a vibrant international city. The cliche of old jewish geezer (apologies to in-laws) and old mafia money is over. There might be some drug money floating around but other than that, money is being channeled into culture and the arts in an effort to build up the community and re market., It is hot, hot , hot. It is no longer dinner at 4. It is you can't book dinner before 11 pm because you can't get a reservation. And my god, some of the best food on the planet. And, most of the high end residents stay for 6+ months to get the tax break. A very transient crowd.