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Originally Posted by Merrymeeting
"...So, my "rich" mid-80's parents, who have lived there for their whole lives, should just easily cash in, "simply" move, and now be "happy" having moved from the place they worked and dreamed for their whole lives? Something needs to change...
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Ten years ago, a new retiree could put a mobile home in a Palm Beach County oceanfront trailer park for $30,000. If things go according to plan next year, each retiree there will be "rewarded" with
one million dollars for its sale to a developer. Sadly for those retirees, the new condominium apartments will be priced w-a-a-a-y beyond $1,000,000 each. (And darken the beach with their tall shadows).
Nearly 500 new retiree-millionaires may be looking for waterfront properties in a state without an income tax.
Retirement with an RV isn't the answer, either. Even
Florida's realty agents are upset.
I suggest this bandaid:
New Hampshire's 8% "Meals and Rooms Tax" could be bumped up one percentage point without a wimper, IMHO. (At least one Florida County gets an 11% "Accommodations Tax" in addition to having a 7% sales tax: or a local, voter-opted, 7
½% sales tax).