A growing number of people, especially wealthier people who have the ability to work in multiple, even remote locations, are often dividing their time equally between two areas, states or cities, each offering a different lifestyle at a different time of the year. I have witnessed an increase in the number of people spending time in Florida and Texas who also then spend a good chunk of the hotter months in The Hamptons on Long Island, New York.
Why not enjoy November through April in your Palm Beach abode, and then decamp to the Hamptons for cool ocean breezes in the Summer? Or Aspen? Or Greenwich, or Montecito? St. Jean Cap Ferrat? Yes, this is nothing new. Those with the means and opportunity have been migrating to different parts at different times of the year, mostly weather related, for many decades. New Yorkers would escape the humidity of the summer going to the Catskills, Hamptons or Berkshires. These days I suspect many decamp primarily for tax savings as well as better weather. Create your domicile in a lower-tax area (sorry, there is no tax free state in the US!) and then spend time elsewhere so you can enjoy both areas at the best times of the year to be in those places?
So how would you describe these people? Are they experiencing an identity crisis? FlorHamptonian? Califoradians? ConnectiRicans? Or as Mae West famously said: "Too much of a good thing can be wonderful". In real estate I sell homes and lifestyles, often not one at a time.
Ken interprets market data, staying in constant communication and offering valuable insight that then translates into an informed decision.
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