Boomer Retirement and Real Estate Market

[Chris Rupolo]

What are everybody's thoughts related to the Baby Boomer retirement period we are currently in, and its affect on the real estate market?

I live in Long Island and everyday I hear of someone else say "I'm leaving this highly taxed place" for areas with lower property tax like the North & South Carolina, Georgia, Florida, etc. but there's still such a shortage of houses around here. It seems like it should be the opposite with regards to the inventory. 

Are the areas (NC, SC, GA, FL, etc) with lower property taxes booming, with Boomers???

[Jingru Sui]

Originally posted by @Chris Rupolo:

What are everybody's thoughts related to the Baby Boomer retirement period we are currently in, and its affect on the real estate market?

I live in Long Island and everyday I hear of someone else say "I'm leaving this highly taxed place" for areas with lower property tax like the North & South Carolina, Georgia, Florida, etc. but there's still such a shortage of houses around here. It seems like it should be the opposite with regards to the inventory. 

Are the areas (NC, SC, GA, FL, etc) with lower property taxes booming, with Boomers???

Hey, My mother in law might be one of the people you are talking about. Leaving Long Island to Atlanta. One of the main reason is the price of house are a lot cheaper. We did the math. She can sell her 1 bedroom condo there and pay in full 2 small houses here in the surbs. She can live in one and collect rent from the other one. Also to be closer to her kids. so why not. :)