All the more reason to leave when you retire. Our home would be worth millions if it was in Los Angeles. I’d say people out there who are in a position right now to retire and who can actually take full advantage of selling their home ought to, they can usually get the same kind of home here for well below their wildest dreams, and they’ll have so much free money left that they’ll never have to worry about a social security check or anything else. Then again, if too many of them move here, it could drive up prices the way retirees moving out there 30 years ago did, so, it’s always a two edged sword.
Nope....when we retire, we’re likely moving to another high rent area (Bend, OR).....there is something called “quality of life”....my husband and I are 3rd generation Northwesterners - getting out of the Seattle area will be sweet enough! Having to fight 3 million people for the roads/forests/parks/etc....is getting tiring....we’re looking forward to only having to fight with about 250K people.
P.S....but my husband did say we might HAVE to go to Charlotte, NC first.....