in

New York City Exodus? – The big picture Financial Advisor

Last Real Estate & 9/11 related post today: It's somewhat ironic that New Yorkers have released it by and large after September 11th. However, changes in state and local tax deductibility (SALT) may have some impact.

About 100,000 people a year leave NYC. That's from more than 7 million people, with a simultaneous influx of people starting their careers here. It's a relatively small number, but it's increasing – doubling last year's output – is important and worth mentioning.

Yes, there is a natural migration as people retire – in the East (and parts of the Midwest), Florida, Carolina, etc .; in the west (and parts of the Midwest) towards Arizona, New Mexico and Texas.

I'm curious to see how much of this shift is demographic and how much has to do with business and taxes.

Every day more people leave NYC than any other city in the US


Source: Bloomberg

Print friendly, PDF & Email

Note: We are not the author of this content. For the Authentic and complete version,
Check its Original Source

Episode # 174: Amlan Roy, "Monetary policy is very ineffective in a world where we are very old" | Meb Faber Research Financial Advisor

NAIC Life Insurance Locator helps consumers find $ 650 million in life insurance LIFE INSURANCE