More Wealthy Northerners Relocating To Sunny Florida

The great real estate relocation may be underway.

“Luxury sales are slowing across the country, from New York to California, but they’re rising in South Florida,” reports Bloomberg, which says million-dollar plus home sales jumped as much as 15% in our area at the end of 2018.

What’s behind the surge? Real estate brokers say higher taxes up north, and fewer deductions, are prompting the wealthy to relocate to Florida in search of better weather and lower tax bills.

About Mari Adam

Mari Adam, Certified Financial Planner™ has been helping individuals and families chart their financial futures for over twenty-five years. Have a question about your financial situation? Ask Mari!

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One Response to More Wealthy Northerners Relocating To Sunny Florida

  1. Lee Spector January 23, 2019 at 10:24 am #

    Sadly, all the folks fleeing the progressive, heavily taxed liberal states are invading the more conservative ones, bringing their political notions with them.

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