 
Jz_detroit
Member
Username: Jz_detroit
Post Number: 34
Registered: 12-2005
| | Posted on Tuesday, October 09, 2007 - 9:40 am: |    |
http://money.cnn.com/galleries /2007/moneymag/0710/gallery.bp retire.moneymag/18.html |
Bobj
Member
Username: Bobj
Post Number: 2455
Registered: 11-2003
| | Posted on Tuesday, October 09, 2007 - 11:17 am: | |
An unusual choice, but seriously, my wife and I have considered it when we retire in 10 years or so. Weather and shopping are definite cons |
Jt1
Member
Username: Jt1
Post Number: 10417
Registered: 10-2003
| | Posted on Tuesday, October 09, 2007 - 11:47 am: | |
Hopefully things will much more appealing in 10 years. |
Jz_detroit
Member
Username: Jz_detroit
Post Number: 35
Registered: 12-2005
| | Posted on Tuesday, October 09, 2007 - 11:55 am: | |
Well just think about how it was 10 years ago. A lot has changed!••• |
Upinottawa
Member
Username: Upinottawa
Post Number: 975
Registered: 09-2005
| | Posted on Tuesday, October 09, 2007 - 12:11 pm: | |
With respect to Detroit's weather being a con: the summer weather in Florida or Arizona is not exactly a "pro". |
Ndavies
Member
Username: Ndavies
Post Number: 2795
Registered: 10-2003
| | Posted on Tuesday, October 09, 2007 - 12:24 pm: | |
It's not that unusual of a choice. Several of my city neighbors moved in after retirement. It makes sense since they are usually looking for less house maintenance a loft or condo would need. They also don't care about the quality of the schools and property resale will be their heir's problem.
I would take Michigan's weather over Florida's or Arizona's. I hate the heat, and I'd have allergies all year instead of the a month or so I have to suffer through here. I would actually move somewhere colder if I could. |
Paulmcall
Member
Username: Paulmcall
Post Number: 466
Registered: 05-2004
| | Posted on Tuesday, October 09, 2007 - 1:48 pm: | |
If you want to retire six feet under. |
Jt1
Member
Username: Jt1
Post Number: 10419
Registered: 10-2003
| | Posted on Tuesday, October 09, 2007 - 1:50 pm: | |
Nice contribution PM. Nothing less than I expected. |
Bobj
Member
Username: Bobj
Post Number: 2458
Registered: 11-2003
| | Posted on Tuesday, October 09, 2007 - 2:25 pm: | |
We have been toying with the idea of buying a loft/condo now even though we won't retire for 10 years and use it when we go to Downtown events, maybe host some Downtown get togethers etc.
As far as the weather goes, I would never move to Fl or AZ, probably something more like NC. But since we are both born and raised Detroiters, I doubt that will happen. We will stay in MI, grumble about the weather, but stick it out.The shopping thing is a tough issue though, sure you have the Eastern Mkt and a few retail outlets, it isn't the selection or convenience you see in other cities. Like someone said, the last 10 years have brought alot, the next 10 will bring as much or more improvement. |
Detroitrise
Member
Username: Detroitrise
Post Number: 214
Registered: 09-2007
| | Posted on Tuesday, October 09, 2007 - 9:17 pm: | |
Well one pro that we definitely have compared to these other places are Plentiful, FRESH Water. Georgia and Alabama would love to have some of our water right about now. |
Dhugger
Member
Username: Dhugger
Post Number: 200
Registered: 03-2005
| | Posted on Tuesday, October 09, 2007 - 9:57 pm: | |
The city income taxes are imposing while one is middle income. That combined with higher insurance costs is a consideration.
That said the property values, the great views and the street excitement are attractive.
Enough about driving to shopping: "Other than Eastern Market, you might have to drive out to do your shopping." Tell me how many suburbanites walk to get their groceries? |
Tompage
Member
Username: Tompage
Post Number: 38
Registered: 01-2005
| | Posted on Wednesday, October 10, 2007 - 6:41 am: | |
A few years ago I retired from the City of Los Angeles and moved back to my hometown of Detroit. I live in north Brush Park (Midtown). It's been a blast to see and participate in the rejuvenation of the City as a whole, and downtown/midtown in particular. Certainly, the often slow pace is frustrating at times. But on the whole, I've been extremely pleased with the move. No, I can't walk to a Kroger's or a Costco (and that's a good thing!), but I can and do walk and/or bicycle to the riverwalk, Comerica, the Fox, the DSO, the Opera Theatre, Greektown, Wayne State, the DIA, the Detroit Film Theatre, the Eastern Market, Mexicantown, Campus Martius, the People Mover, MOCAD, Detroit Artists Market, more festivals than I have time to attend, and much much more. I really do think that an emerging trend will be for young retirees to move into the core of the City. I would not have moved back to Michigan from California (after 25 years) to die of boredom in the suburbs. If I'm going to die of boredom, it'll be in a warm place! By the way, like most young retirees, I continue to work. |
Lombaowski
Member
Username: Lombaowski
Post Number: 69
Registered: 11-2004
| | Posted on Wednesday, October 10, 2007 - 8:15 am: | |
Wow nice post Tompage. Good to hear there are folks like you retiring and moving back. I guess I too often think of my Great Uncle who still lives on the east side a prisoner in his own home for the past 20 years because he can't sell his house, and can't leave it because of the neighborhood around him. He's been there for 50 years, but at least he now has two roommates! And to be honest he probably would never move anyway even if he wanted to.
Anyway what I'm trying to say is that this is a good trend. More retirees, more immigrants, and more young people (with jobs or going to school)please. |
Bobj
Member
Username: Bobj
Post Number: 2462
Registered: 11-2003
| | Posted on Wednesday, October 10, 2007 - 9:17 am: | |
Dhugger - I have lived in a dozen or spots around SE MI, usually to go shopping, there are lots of alternatives within a mile or 2, more variety if you drive a few miles further.
Lets face it, if you live in the CBD, you have a few options downtown, then you are driving 5 or 10 miles or more to go shopping. Somerset Mall, 16 miles away. I have had lots of people tell me about the CBD shopping, even went on a tour of it with detroit tour connections, kind of underwhelming. |
Neilr
Member
Username: Neilr
Post Number: 593
Registered: 06-2005
| | Posted on Wednesday, October 10, 2007 - 9:20 am: | |
One of my former bosses, when she retired two years ago, did not want to give up her large home in the University District. She does not like to travel and money is not a concern. So she bought a condo at Riverfront that looks directly over the Detroit River. Her view is simply drop-dead fantastic. That's her "getaway." When she wants to go there, she's only a 15 minute drive down the Lodge. |
Oldestuff
Member
Username: Oldestuff
Post Number: 53
Registered: 01-2007
| | Posted on Thursday, October 11, 2007 - 12:13 pm: | |
Once you retire, there isn't that urge to do all
of the "shopping". Eastern market is there for all
your food needs and the outing once a week is great.
A trip to a pet food store, or a Target for paper products and laundry detergent may require a 10 mile drive every so often. With no earned income, there's no Detroit Income Tax. No downside. |
Spiritofdetroit
Member
Username: Spiritofdetroit
Post Number: 652
Registered: 11-2006
| | Posted on Thursday, October 11, 2007 - 12:15 pm: | |
downside: you get shot |
Upinottawa
Member
Username: Upinottawa
Post Number: 989
Registered: 09-2005
| | Posted on Thursday, October 11, 2007 - 12:21 pm: | |
upside: by the time you retire Detroit will still have water...(see Nevada water thread). |
Dabirch
Member
Username: Dabirch
Post Number: 2440
Registered: 06-2004
| | Posted on Thursday, October 11, 2007 - 12:33 pm: | |
quote:The shopping thing is a tough issue though...
You'll be retired. What the hell difference will a 15-20 minute drive to GP, Royal Oak, or Dearborn make? |
Upinottawa
Member
Username: Upinottawa
Post Number: 990
Registered: 09-2005
| | Posted on Thursday, October 11, 2007 - 12:48 pm: | |
Actually, if you are a retiree from the Detroit area, you will probably spend most of your time spending your kids' inheritance at an area casino.... |
Detroitbill
Member
Username: Detroitbill
Post Number: 338
Registered: 09-2006
| | Posted on Thursday, October 11, 2007 - 12:56 pm: | |
the "conveniences" aspect is not a big problem if your living downtown, there is plenty around, and coupled with the attractions downtown, its quite fine living downtown, When I lived in Huntington Woods it was 20 minutes to a "mall" if I wanted it( I usually dont) and its the same here,, Having the ballparks, theater, the river, greektown,mexicantown, the market,the DIA and many many local restaurants
within walking or small driving distance outweighs many of this. Work is 8 minutes away for me so thats a major plus. To me its all about living in a safe affordable place where you and your car is safe.. I have . Ask anyone who lives here, most will overwhelmingly agree. |
The_ed
Member
Username: The_ed
Post Number: 29
Registered: 10-2007
| | Posted on Thursday, October 11, 2007 - 2:39 pm: | |
I'd rather retire away from Detroit |
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