Thinking about retiring to Ft. Lauderdale Area

[kidyankee764]

Originally Posted by chefcurry91210

Yeah, run away lol. I lived in South FL for 20 years. Another hurricane will destroy the area at some point and insurance companies are going to screw over a ton of people. Its so disgustingly overpriced down in South FL. It will not correct, it will legit crash. The Miami condos collapsing is just the beginning.

If you want a condo down there, seriously wait. They will bottom out so hard its not even funny. No area thats in a major natural disaster zone can ever have high property values due to it always being at risk. So many people will get robbed and its kind of sad.

Meanwhile, you keep comparing FL to CA, which is basically the nation’s number one natural disaster area.

[Lincolnian]

i recently purchased a condo in Ft. Lauderdale. It was reasonably priced compared to the average price of condos here in CT. It is easy access to the airport, has great views of the ocean, and is close to restaurants and places I can walk. I am semi-retired and will be fully retired at the end of the year. The prices of units are up compared to the past two years but who knows if a unit I want, in the area I want, will be available for less money in the future. I want to move in, make it comfortable for me the way I want it, and start enjoying it immediately so renting isn't a realistic option. Waiting around in retirement for a possible $25,000 to $40,000 savings a few years down the road just doesn't seem worthwhile to me.

[denniswilson]

Originally Posted by Lincolnian

i recently purchased a condo in Ft. Lauderdale. It was reasonably priced compared to the average price of condos here in CT. It is easy access to the airport, has great views of the ocean, and is close to restaurants and places I can walk. I am semi-retired and will be fully retired at the end of the year. The prices of units are up compared to the past two years but who knows if a unit I want, in the area I want, will be available for less money in the future. I want to move in, make it comfortable for me the way I want it, and start enjoying it immediately so renting isn't a realistic option. Waiting around in retirement for a possible $25,000 to $40,000 savings a few years down the road just doesn't seem worthwhile to me.

Excellent !! Thats sounds like it makes good sense