The New York Times reported that people leaving California outnumbered newcomers by more than 700,000 people between April 2020 and July 2022. A further breakdown shows that over 407,000 people left between July 2021 and 2022, plus an additional 343,000 people left California in 2022 alone. That's the highest exodus of any state in the US in history
So, why are we seeing such a mass movement? The reasons are plenty, from cheaper homes and lower cost of living to lower taxes, escaping a rise in crime, the desire for a more relaxed, family-friendly lifestyle, and even political dissatisfaction. But alongside this significant lifestyle change, there are many elements to consider, like how to choose a state, what will my new cost of living look like, if healthcare needs will be met, what types of social or recreational activities there will be, the logistics of moving, and so much more.
In this episode of A Place of Possibility, we’re joined by Keller Williams Certified Real Estate Planner Lucien Cazanave.
● The most important factors to consider when moving to a different state
● How taxes and cost of living in California compare to other states
● The best ways to learn more about the area you’re considering calling home
● Rules that need to be met when establishing your new domicile
● And much more!
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0:00 Introduction
3:27 In this episode, we’re discussing what you need to consider if you’re planning or are interested in moving out of California for retirement.
5:02 To help us dive deeper into this topic, we’re pleased to welcome guest Lucien Cazanave. With a wide range of unique personal and professional real estate, moving, and downsizing experience, he’s the ultimate resource for this show.
6:26 Wondering how Lucien went from firefighter to real estate expert? Listen in as he shares more of his backstory.
8:02 If you’re considering a big move for retirement, you should first consider what you want your retirement to look like. This will help narrow down possible locations.
9:44 One aspect that is often overlooked when moving to a new state is seasonal changes. That’s why it’s essential to experience your dream state at different times of the year.
11:35 Cost of living is a leading factor in choosing a new state. Forbes has a great online calculator to compare the cost of living: https://www.forbes.com/advisor/mortga....
12:34 Did you know that it’s 33% cheaper to live in Phoenix or Dallas than it is to live in California?! The cost of living in other popular states may surprise you even more.
15:33 Many retirees look forward to being able to buy a bigger house. However, there are other factors to consider, like being able to maintain upkeep, recreational activities, etc.
17:07 To our California neighbors wanting to run away from the housing insurability issue, unfortunately, it’s generally a nationwide issue.
18:50 Some states have lower taxes, but you have to consider all the various taxes you could pay to know where you’re paying less. Here’s what you need to know.
22:38 When moving to a different state, healthcare is often overlooked because Medicare is federal. Access to healthcare facilities, however, can vary and make a significant difference in your well-being.
27:29 It’s easy to dream of living alone in a cozy mountain home, but the reality of it mustn’t become lonely. Listen to this portion of the podcast to learn what you should know about community and social opportunities when moving.
29:43 Need help finding a good realtor in a new state? Consider asking your local realtor first for recommendations.
31:07 Next, we discuss how to determine if your new community is a safe place to live. Listen in for special tools of the trade!
32:48 Once you’ve considered all the details of moving out of California, the next step is to try your new location. Lucien has exceptional advice on how to do this and possibly even get tax breaks in the process!
34:10 We’ve covered A LOT regarding an out-of-state move, but the list isn’t complete yet. People often overlook the logistics of moving, rules for establishing your new domicile, setting up a new driver’s license, registering your cars, etc.
37:02 To wrap things up, Lucien shares a few more details about how you can start working with him. For more information, you can reach Lucien through his contact information below.
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