Quote:
Originally Posted by hayden55
True from a real estate investing perspective its always a great idea to work with the expensive and growing markets during your working life and retire back to the cheaper more relaxed areas. Makes a lot of sense as long as you can afford entry which it looks like you followed a good path.
For me as a manufacturing engineer it seems my job follows the cheap labor market lol (the further south you go the cheaper the labor lol)
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We spent our first 15 years in the South in states with very regressive tax policies and cheap real estate. As high-wage workers it was great to build net worth and pay off debt (It isn't so great if you are a low wage worker being nickeled and dimed with fees and paying 9.5% sales tax on food.)
I'm also a manufacturing engineer but at the corporate level not plant level. (I would never take a plant position again). The plants are in the South and Mexico but the Corporate Office is in Portland. (We are UAW so labor isn't cheap even in the South)
I see no reason to retire in an expensive city like Portland but the equity from living in an expensive metro like Portland means you can go most places and pay cash for a house and have a lot left over.