So, you’re thinking about retiring in Florida? You’re not alone! Thousands of retirees make the move every year, drawn by the sunshine, tax benefits, and a vibrant active lifestyle. Whether you dream of beachfront living, an active social scene, or a quiet countryside escape, Florida has a little something for everyone. The Sunshine State has a lot of advantages besides the great weather most of the year.
In Florida, mention the letters HOA and you are likely to hear tales of loathing and disgust. Homeowners Associations (HOAs) were established here with the idea of maintaining community standards and manage shared amenities, aiming to preserve property values and ensure a cohesive living environment. The problem is, there have been numerous instances where HOAs overstep their boundaries, make capricious enforcement decisions and are downright petty.
Orlando, FL – Thousands of new residents and businesses have been moving to the Orlando area recently, and they haven’t necessarily been coming from the places you might expect. The latest data indicates that the Florida real estate market is headed in a new direction.
Whether you live here or are just thinking about moving to Florida, here’s an interesting bit of news: Florida State Senator Jonathan Martin, representing Fort Myers, has introduced a bill (SB 852) aimed at exploring the feasibility of eliminating property taxes in the state.
The cascade will come from people already living in the Sunshine State
Florida has long offered some of the best places to retire, offering warmer winters, tax advantages, and an abundance of recreational activities for people. However, with a significant portion of the population in certain Florida cities on the cusp of retirement, the state is poised for substantial demographic shifts.
According to recent data from SmartAsset, Pembroke Pines and Cape Coral top the list of cities in the state with the highest percentage of residents nearing retirement. More than 17% of the population in Pembroke Pines is approaching retirement age, while Cape Coral follows closely behind at 16.69%. Many other Florida cities will see a large percentage of their populations taking the gold watch and calling it a day on their careers as well.
The 2024 U-Haul Growth Index report is out, and it reveals some interesting numbers. The company uses their cargo vehicle rental data to determine annually what states people are leaving, and where they are heading. While not all-encompassing, the report has been a fairly reliable indicator of overall migration trends in the continental United States.
