Most boomers plan to flee New York when they retire, AARP warns

[hrmjustin]

ERIN DURKIN

Baby boomers are poised to flee the city as they retire, the AARP is warning in a new report.

More than half of New Yorkers age 50-64 say they’re likely to leave the city in the future.

And among those who are confident they’ll ever be able to stop working, 64% say they’re very or somewhat likely to flee when they retire.

http://www.nydailynews.com/blogs/dailypolitics/boomers-plan-flee-new-york-retire-aarp-warns-blog-entry-1.1895780#Jc7DoMBWwCuwiSlb.97

[yeoman6987]

1. Nothing really new here

I believe that Florida gets a nice amount of New Yorkers in retirement. It just makes sense, no state taxes, nice weather. The worst part of Florida is their education system and they don't have children to worry about that (not saying that Florida shouldn't improve their schools, but seniors don't typically worry about that as much as when their were bringing up their children).

[hrmjustin]

2. I hate the heat so when I get that age I would never leave ny.

I hate the beach.

[no_hypocrisy]

3. I can't afford to stay in the NY/NJ region even before I retire.

$20,000 a year in municipal taxes with the prospect of an increase with a new appraisal by the town.

$100,000 every five years.

[hrmjustin]

4. Geez that is a lot of money. I assume that includes property taxes?

[no_hypocrisy]

5. That's property taxes without utilities.

You need a trust account to live in the house I grew up in.

[hrmjustin]

6. That is horrible. I am surprised the people tolerate it.

[no_hypocrisy]

7. The sad part is many of the people who grew up in this town have to move

and are replaced by Wall Street money managers, changing the character of the neighborhoods, the town, and the local government. It's become an "affluent community".

[hrmjustin]

8. Same in many parts of NYC.

The character of the area is lost.