According to the Houston Chronicle, affordable housing is helping to sell the charms of Houston as a retirement destination. The area also boasts a warm climate, low cost of living, and no state income tax. The lure of family connections is another major factor. "I see a lot of young people starting their families in Houston, and so many people are retiring here to be closer to their kids and grandkids," said Richard Falgout, a broker associate with Berkshire Hathaway HomeServices Anderson Properties.
He added, "Affordable housing is also a contributing factor. One of my clients in particular came here from California. She had worked for the State of California for 30 years and could never afford to buy a house there. Then she moved here and was able to buy a home on her pension."
Houston is also a city that people like to come back to when they are ready to retire. This is true for many of the people who work in the oil and gas industry, who have found themselves in Houston during some point in their careers. Although some might relocate to other cities or end up overseas, they often plan to return to Houston when they are ready to retire.
"There are many people who moved here and loved Houston," said Falgout. "So, they come back here because this is where they want to retire and live out the rest of their days."
Read More
