“that south florida, Miami Dade and the Boca area, are now some of the most expensive areas in which to retire.” But the tax savings can be really significant if moving from a blue state. I know that there were retirees who would save the price of a condo (on taxes) just from moving. I don’t know the details.
Yes. The reason people still move to florida is to save on state income tax. Depending on your income you could save a huge amount of money. And for seniors who are on a pensions and social security it is a boon.
I mention it to the husband every few days.
I suppose I should have been more clear. Housing prices are skyrocketing in that part of florida because that is where everyone is going to live. But then housing is skyrocketing countrywide, too.
“that south florida, Miami Dade and the Boca area, are now some of the most expensive areas in which to retire.” But the tax savings can be really significant if moving from a blue state. I know that there were retirees who would save the price of a condo (on taxes) just from moving. I don’t know the details.
Yes. The reason people still move to florida is to save on state income tax. Depending on your income you could save a huge amount of money. And for seniors who are on a pensions and social security it is a boon.
I mention it to the husband every few days.
I suppose I should have been more clear. Housing prices are skyrocketing in that part of florida because that is where everyone is going to live. But then housing is skyrocketing countrywide, too.
No, you were very clear. Just adding in my two cents.
Please keep adding in your 2 cents. Always welcome 😊
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