GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re free to read more about oureditorial guidelinesand our products and servicesreview methodology.
That could involve a move, a downsizing of homes or a collection of the two.
For those looking to rent, it can actually save them money in some states.
According to these agents, here iswhere they should avoid between now and 2029.
The states extreme heat, especially in desert regions, can be uncomfortable for some retirees, Boonzaayer said.
The states tenant-friendly regulations are designed to protect renters but often result in reduced landlord profitability, Johnson said.
Consequently, many property owners may limit the availability of rental units, leading to increased rents.
This makes it aless ideal placefor retirees on fixed incomes who need stable and affordable housing, Johnson said.
Floridas popularity also leads to seasonal spikes in rental prices and increased competition for rental properties.
Plus, intense summer heat poses health risks for seniors, requiring extra air conditioning costs anyway.
The harsh winters can also be a deterrent for some retirees seeking amore temperate climate.
Despite its beautiful setting and pleasant climate, the financial burden may be a significant deterrent for many retirees.
More From GOBankingRates
Share This Article:
