General Discussion
In reply to the discussion: TrumpCare May Lead to Massive Internal Migrations. [View all]MineralMan
(146,254 posts)are cashing in on home equities in high-value areas and moving to places where home values are lower. Many boomers have built substantial equities in homes over the years, but are cash poor. My wife and I did something like that, although not for that reason. We sold the home I had owned for over 30 years in the Central Coast of California back in 2004 for a shockingly high price when we move to Minnesota, and paid less than half that for a larger home in St. Paul, MN. The remainder became part of our retirement investment.
Plenty of people are doing that as an economic strategy who live in some blue states where housing prices are far higher than elsewhere in the country. That's at least a partial explanation for that movement out of some blue states. However, it's a different sort of migration than I'm talking about.