September 23, 2023

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Inexpensive housing beware: A real estate increase is coming to Tallahassee

3 min read

The convergence of child boomers retiring, remote work turning out to be commonplace, and local weather change producing an exodus from South Florida and coastal spots will end result in a a long time-long explosion of serious estate costs in Tallahassee.

“Baby boomers,” born in between 1946 and 1964, (aged 76 to 58, respectively) make up almost 22% of the U.S. population. Numerous of them had to postpone retirement to rebuild the price savings they missing in the 2008 recession or just only for the reason that improved health care has permitted them to operate extended. However, now they’re at last starting to retire.

And where by do they want to are living out their days? Some place warmer. Some spot devoid of snow. Some position with no state revenue tax. Some put known as Florida.

The similar goes for remote workers of all ages due to the fact you never pay out revenue tax dependent on the place your employer is headquartered, you pay back it primarily based on where by you reside. That is a further great circumstance for going to Florida. Persons are shifting right here in droves and this population growth has just started off.

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