5 ms·
These stories are strange, its like a journalistic slant that I have seen alot of recently whereby costs have gotten so high(in the US) people are now living in
by subsubzero 5y ago
These stories are strange, its like a journalistic slant that I have seen alot of recently whereby costs have gotten so high(in the US) people are now living in previously war-torn countries like kings. Some people are always moving to Mexico or Thailand or another lower cost area from the US, its not news as it has always been happening.
I see no hard statistics or numbers mentioned in this article, just a few stories from individuals who have chosen this move to Vietnam. I feel like its a clickbait type story to scratch the "itch" of people struggling with the skyrocketing cost of living in CA/NY etc and also dealing with record high inflation.
- throwaway0a5e 5y agoExactly. "Retire to Mexico" has been a meme ever since "retire to Cuba" became impractical. It's basically "retire to Idaho/Colorado" but for people of more modest means.
- parineum 5y ago> "retire to Idaho/Colorado" What happened to Arizona/Florida?
- ghaff 5y agoI think they're still extremely common but I'm guessing maybe less so in the circles of people here who may be less into activities like golfing.
- celdon25 5y ago> What happened to Arizona/Florida? Both are overpopulated now. I live in a peripheral suburb outside of Phoenix, AZ, first moving to the state in 2007. My rent has gone up by $500 just in the last 6 months. There's talk among the locals that the water supply won't sustain this growth. Florida is in much worse shape from what I hear but I can't speak on specifics. I know the cost of living there is insane though. I'd pick Idaho or maybe rural CO if I were to do it over.
- ethbr0 5y agoSouth Florida is questionable from a water perspective. Northwest & northeast FL have a bit more flexibility, as they're at the end of river systems. Per local radio news interviewing a university professor of real estate economics this morning, current prices are retirement surge from other states (due to market run) + supply / demand imbalance (due to firms going bust post-2008 and consequently new starts lagging population growth for years). Fundamentally, Florida has always been linked to CA & NY via retirement, as FL prices are defined by what you could sell real estate out of state for (e.g. after kids move out).
- WaitWaitWha 5y ago> South Florida is questionable from a water perspective Are you referring to fresh water? https://en.wikipedia.org/wiki/Floridan_aquifer https://en.wikipedia.org/wiki/Floridan_aquifer
- ethbr0 5y agoThe problem for Miami, as I understand it, is that the permeability and depth of the upper aquifer is pretty delicately balanced with sea level. Higher sea level (even a smidge) results in increased saltwater infiltration into the freshwater aquifers they're drawing from. Which is a problem when you're Miami-sized and growing population. I think Tampa / Orlando, and certainly Jacksonville and Pensacola, have more favorable geology and surface water.
- autoexec 5y agoBetween sea level rise and worsening storms I think I'd put off making long term investments in a most coastal areas, but presumably folks retiring won't live long enough to see the worst of what's coming. I'll bet Florida will remain a great place to die for a while still.
- ethbr0 5y agoIt's hard to beat 70/50°F in the middle of winter. And no wildfires! (Disclaimer: occasionally too much water and wind)
- irrational 5y agoI recently learned that an ex-brother-in-law made bank from Bitcoin and retired to Mexico (he is around 50). To be honest I mostly associate Mexico with cartel kidnappings and killings, so I was shocked that he would choose Mexico to retire to, but apparently retiring to Mexico is a meme?
- mywittyname 5y agoAnd it's not limited to the USA either. If you read British news, they write about expats who "retired" to Portugal.
- 29athrowaway 5y agoMexico has dental clinics and pharmacies that are ideal for older people.