Published on our September 2021 Newsletter
Christie’s Answer: Over the past few years, we have noticed more people looking to St. Croix as a place to retire. Over the past 18 months we have certainly seen this trend accelerate. They usually have a 1 to 5 year plan. Properties are so very different here, that when people find something they like, they tend to buy it now, and not wait until right before retirement. Sometimes they purchase a home or condo, and rent it long-term or as a vacation rental until they can move here themselves.
According to Bloomberg News Article 2021-04-30, “About 2.7 million Americans age 55 or older are contemplating retirement years earlier than they’d imagined because of the pandemic, government data show . . . many cite robust retirement accounts and Covid-19 fatigue for their early exit, according to interviews with wealth managers and federal surveys.”
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