One of my wife's closest friends will be moving to Florida next year upon retirement. They are upper income retirement folks and though they love it in California, the tax advantages in Florida are too good to ignore.
The demographic pendulum of California retirees will gradually swing to those with lower retirement income. Higher retirement income folks will move to Florida. This is not all bad news for California.
The property tax argument doesn't hold up .. it might be counter-intuitive, but I will let readers ponder why I say that.
I don't know if California retirees move to Florida or whether that's a myth. At least one other person thinks so:
"You may not know this, but today almost 1,000 people a day are moving to the state of Florida," he said at a rally by Americans for Prosperity Florida on March 19, 2013. "Do you know why they're coming here? Because they are more free here than they are in some other states."The author at that blog disagrees.
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