Thoughts on the Mid-Atlantic

[Todd Sullivan]

Hey all!

I'm curious to know your take on places like Delaware and other mid Atlantic states vs deep south states as to where people are moving to.

I live in NY and we have seen a mas exodus over the last couple of years.  From what I'm hearing, most people are going to states like Florida, the Carolinas and even Texas.

My question here is if states like Delaware and Maryland are good investment states?  What are people in those markets seeing or foreseeing in the next few years?  My family is considering making the move to Delaware or Maryland in the next 5 years or so, and I'm trying to form a plan to get investments started there in the near future (visiting down there once or twice a year on average) until we move down there.

Any insight from people who may have done something similar would be hugely helpful!

Thank you!!

[John Hinnant]

Here in Wilmington, NC, we are anticipating another 50,000-75,000 ppl to move into our MSA over the next 15-20 years. While prices are high right now, many folks who lost their values in 2008-09 have crested over those pre-recession values and more by now. Be on the lookout for how the local economy if fueled: large employers, fast growing companies, and in general, how diverse the local economy is. If it’s tourist centric, see what the secondary economic driver is. How is the entrepreneurial eco-system? Is there a support network for startups? How is the cultural arts (theater, music scene, art shows, etc? Clearly, I like my city, but those are some thoughts you might consider when researching down south. My wife’s family relocated here in 1994 from Long Island. We also see “half backers” - retirees who love to Florida, realize it’s too hot and too far away from grandchildren, so they move half way back.