eliza61nyc
Well-Known Member
As someone who’s approaching retirement age my biggest worry is inflation, I make good money and have saved for retirement for the last 20 years… despite that my comfortable retirement isn’t looking so comfortable anymore. Housing prices, inflation, and homelessness are out of control in this country and our “solutions” are just making all of them worse. Just throw money at all of them, ignore the actual housing crisis, the zoning issues, the permitting issues, the insurance issues, etc and then act surprised when the solutions just raise prices and create new problems.
I’d like to retire in Florida and am shocked every time I look at houses online, I make close to 6 figures and if I didn’t already own a home with several hundred thousand in equity I’d never be able to afford a home in Florida. The same is true of Utah, Colorado, Montana, and several other states I’ve looked at retiring in.
With prices what they are minimum wage being $15, $20, or $25 is largely irrelevant because none of those buys a $500k+ home or the $2500+ rent that comes with those price points.
We need millions of townhomes, duplexes, and fourplexes… not another dollar an hour that will just increase prices more. That requires zoning changes though and so far no states seem willing to make that simple change that would actually address the problem.
Girrrrl, as luck would have it, I did retire just before crazy inflation and massive drops in my portfolio. You know I'm stressed. My family is still on the east coast so I probably won't relocate for a few years so I'm stuck in high as crap northeast