Who hasn’t dreamed of shipping their folks down south for the remainder of their “golden” years? I know I have! Unfortunately with the current state of the economy, we’re all too happy simply keeping a roof over our own heads. Until now…
“Today’s chart is pretty self-explanatory. It’s the price of a single family house (with data from RedFin) in Palm Springs, CA. Watch it do a round trip from 2001 to 2009. The dip started in 2008, and we took a stab at what that buyer was probably thinking. (via PlanetMoney)”
With that said, never again will we struggle with the George Costanza dilemma of “If they go, my inheritance goes with them, but I’m happy. If they stay, I’m rich, but miserable.” For the annual cost of putting them up in some fancy retirement community, you can now afford to buy them one in Palm Springs California.
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