Wealth Shift

We did Arizona for 5 years after retirement. Moved back to Ames and now do a couple of months in the SW. Summers were really unbearable to me and we missed Iowa State athletics. Also, old people basically ***** about everything and we finally said enough.

This is my dream retirement scenario. Just stay at home for 9 months of the year and get an Airbnb wherever I feel like going for the “winter”. There’s no reason to get locked in to one place. Palm Springs, then Phoenix, then Florida, then South Carolina, maybe throw NYC in there (it’s not too bad in the winter there), maybe Nashville, maybe some Austin. The possibilities are endless now with Airbnb (or vrbo or whatever) and ridesharing services.
 
This is my dream retirement scenario. Just stay at home for 9 months of the year and get an Airbnb wherever I feel like going for the “winter”. There’s no reason to get locked in to one place. Palm Springs, then Phoenix, then Florida, then South Carolina, maybe throw NYC in there (it’s not too bad in the winter there), maybe Nashville, maybe some Austin. The possibilities are endless now with Airbnb (or vrbo or whatever) and ridesharing services.
100% this. We are 5-10 years from retirement and have been talking about what the next step will be. Rather than go through the cost/hassle of owning, we decided to try and do some long term rentals.
 
I love the optimism of this thread. I'm only 41 but realized a long time ago I'll never be able to retire either because we were very late in starting our 401K or because I'll likely die long before that time.
 
  • Like
Reactions: clone2003
I think the primary reason a big shift is currently happening to the SE part of the country is two fold: weather and lower taxes.

I plan on being a snowbird, but I will always maintain a home in the midwest. Too hot in the summer for me to stay down there all year.
 
I love the optimism of this thread. I'm only 41 but realized a long time ago I'll never be able to retire either because we were very late in starting our 401K or because I'll likely die long before that time.
I might have said the same at 41. Things do change when you get to a certain point and your needs and wants are smaller and more bills have been paid off.

My idea of retirement is optimistic, but probably includes my wife no longer working and me working on my own terms on something I enjoy in my early to mid-60's. I've got about 10 years to get to that point.
 
We're the kind of people that would love to live elsewhere but will likely never leave Iowa because it's what we've always known and my entire career has been in insurance technology - which is abundant here.

Ideally, somewhere West would be ideal. Thought about Arizona, but the trend in politics is revolting (just personal opinion, not "caving" this thread), same with some other areas. California is amazing to visit but too expensive to live in. Colorado is nice, but I have vertigo driving near cliffs so that's a hard pass.

On the other side, North Carolina is a pretty centrist, moderate place with some big attractors. Several tech companie opening places there, Apple broke ground on a massive campus for instance.
Fwiw AZ is better than Iowa, and headed the right way. Not saying it's great.
 
Fascinating. I've felt that in recent years the majority of tornadoes (especially with high levels of devastation) reported on the news were in southern states. Any specific insight as to why the shift?

From the article:

Why is this shift happening now? Most often tornadoes are created by a supercell—a strong thunderstorm with a rotating updraft of air. Supercells tend to form when warm, humid, low-level air interacts with cool, dry, upper-level air, and climate change is generating warmer, moister air. Tornadoes also are more likely to develop when the local atmosphere is unstable, “and warming increases instability,” says Zuohao Cao, a tornado expert at Environment and Climate Change Canada, who co-led a recent study on storm touchdown locations. Climate change is warming the Gulf of Mexico as well, which can send generous amounts of water vapor into the southeastern U.S.

Research suggests that the so-called dry line is also shifting eastward. The imaginary line runs north from the U.S.-Mexico border up to Canada, dividing the wetter eastern U.S. from the drier western U.S. (To the east, thirsty crops such as corn predominate; to the west, drought-tolerant wheat prevails.) The line, which for centuries has fallen roughly along the 100th meridian, has moved east by about 140 miles since the late 1800s. The dry line “can be a boundary for convection—the rising of warm air and sinking of colder air that can fuel storms,” wrote Ernest Agee, professor emeritus of atmospheric science at Purdue University, in the Conversation in 2022.
 
This is my dream retirement scenario. Just stay at home for 9 months of the year and get an Airbnb wherever I feel like going for the “winter”. There’s no reason to get locked in to one place. Palm Springs, then Phoenix, then Florida, then South Carolina, maybe throw NYC in there (it’s not too bad in the winter there), maybe Nashville, maybe some Austin. The possibilities are endless now with Airbnb (or vrbo or whatever) and ridesharing services.
I'm still a long way to retirement but I'd love to do the same. Even just a couple months in the winter and then go explore all over doing a month somewhere in the summer. Like you said, so easy to do cool rental properties now why not just rent a place and skip owning.
 
Companies are shifting to find cheaper labor and a lower tax burden.

Also, the idea of better weather is relative. I always like this map of mean center of population over time. The population moves west with western expansion and migration in the 19th century, but begins to move south after the invention of modern AC by Willis Carrier (Carrier Corp. founded in 1915). I don't think the shift south happens without widespread adoption of air conditioners.

1280px-US_Mean_Center_of_Population_1790-2020.png
Air conditioning is one of the most important inventions of the 20th century. Will get more important with climate change.
 

Help Support Us

Become a patron