I heard that the majority of folks moving here (80%) pay cash for their home that’s why homes are still selling here even when interest rates are higher. IMO, paying cash for a home here is not a big deal for most people coming from NYC/LA/San Francisco, because our home prices here are a rounding error for the price they just sold their home for.
Personally I’d like to see our home prices be double what they are now (our prices are fairly cheap for a home compared to most other cities except for rural areas) to keep our standard of living higher so you know if a person moves here they can afford to maintain their house.
There are hundreds/thousands of 55+ communities in the country, but right now and for the foreseeable future, we have a mass exodus from a lot of these states to Florida, Tennessee, and other states so there won’t be any problem getting new people to move here for many more years.
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