Cecilie Rohwedder
speaker
51 appearances
1 recordings
1 series
first heard May 2023
last heard May 2023
Cecilie Rohwedder’s voice in public audio — every appearance, attributed to the second.
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Appearances
WSJ Your Money Briefing · Forget Florida. Many Retirees Are Settling Down in Alabama. · 19 May 2023
podcast
the houses are cheaper there than they are either in southwestern Florida or on the southeastern shore of Florida where people may have retired in the past.
What makes Baldwin County even more attractive, especially to older Americans, is that it has one of the lowest property taxes in the country, in the nation.
This story actually was born from another story I was writing about Fort Lauderdale, which of course is a traditional retirement community.
And I was interviewing a professor at Florida Atlantic University, was talking about how much that region was changing, how much home values were going up because so many tech workers and financial services workers were moving there.
And almost as a throwaway line, he said, well, the only collateral damage is that the retirees and snowbirds
that traditionally would come and move to Fort Lauderdale or spend months of the year here can no longer afford to be here because house prices are so high.
And so I said, well, where are they going?
And he said, a lot of them are moving to Alabama.
As it happens, home prices with the changing Florida economy and people
from everywhere moving there to work, especially to these traditional retirement destinations on sort of the western coast of Florida and in southeastern Florida, home prices have exploded and really are no longer affordable for a lot of Americans.
So Baldwin County is in the southwestern part of Alabama.
And if you imagine it like an oval, on the right side, on the eastern side, you have the Florida Panhandle.
And on the other side, you have Mobile Bay.
But the bottom of your oval, that's the Gulf Shore.
It's the Gulf of Mexico.
So Baldwin County is one of two counties in Alabama that borders the Gulf of Mexico.
And the beaches are called Orange Beach, Gulf Shores.
And they're literally, if you look at a map, right next to Pensacola Beach or beaches that you may know from Florida.
So it's a continuation of the Florida coast, except it's in Alabama and therefore more affordable.
So the largest appeal, of course, is affordability.
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