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Don’t Let Your Retirement Dream Community Become a Nightmare

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By FloridaStock @ Shutterstock.com

When it comes to your living situation in retirement, there are developments (literally) that may turn your idyllic retirement community into an “anywhere in the USA” suburb. As liberal states like California, crush the middle-class, neighboring states such as Idaho, and towns west of Boise like Star, pick up the slack, explains Dan Frosch in the WSJ:

Over the past nine years, Star’s population has doubled to more than 10,000. Most of the growth has come from people like the Turnipseeds who uprooted from the West Coast to the greater Boise area—known as the Treasure Valley—drawn by the promise of less stressful and more affordable living. By 2040, Star’s population could surpass 35,000, according to city projections.

Unfortunately, uncontrolled growth like we’re seeing in Star poisons small-town communities. At the end of the day, it’s the developers who usually win.

Mayor Trevor Chadwick said the city had no legal standing to impose a strict limit on development, writes Frosch.

“I don’t want to be the first to go put a moratorium on growth, only to get sued and have to pay millions of dollars to a developer because we did them wrong,” the mayor said.

The Turnipseeds made an offer on a house 50 miles northeast in Crouch, ID—pop. 180—but didn’t get it.

What if this happens to you?

Stay flexible and understand your dream retirement community may change in ways you didn’t expect.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zilldjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com
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