Bankrate.com is one of those online services that ranks states by their suitability for retiree living. Within the last week, the organization has published its list of the best and worst states for retirement, including all 50 states, and the results are a bit mystifying, to say the least. Although “weather” is one of the categories Bankrate assesses, few of the states we think of being most retiree friendly for climate do well in the overall rankings.
Bankrate assesses the states based on seven categories, including cost of living, crime, culture, health care quality, taxes, weather and well being. Florida ranks 2nd in terms of its climate but 5th overall. On the other end of the spectrum, New Hampshire ranks a paltry 43rd for weather but comes in at #4 overall based on outstanding marks for crime (the least of any state), health care quality, taxes (no state income tax) and well being. It even ranks highly (#9) in the culture category, which is a bit mystifying. North Carolina gets dinged on culture (40th) and may not get its due in terms of weather (#12). South Carolina (#41) and Georgia (#37) are savaged in the overall rankings, Georgia ranking 49th in the culture category and South Carolina 46th in crime.
South Dakota overcomes its 38th place finish in the weather category with #1 and #2 rankings in well being and taxes, respectively. The well being mark argues that whatever research Bankrate conducted in South Dakota was not done in January. You can see the full results of the Bankrate rankings here.
Almost simultaneous with the publication of the Bankrate rankings, TopRetirements.com published its own list of most popular states for retirement, informed by 750 of its readers. Not surprisingly, those readers listed climate as their top reason for relocation, and chose, in order, Florida, North Carolina, South Carolina, Arizona, Georgia, Nevada, Virginia and Texas as the top 14 retirement destinations. South Dakota, Utah and Idaho did not make the list.
Rankings like Bankrate's should be taken with a huge grain of salt. First of all, when it comes to such categories as crime, culture, health care quality and even cost of living, results will vary significantly across a single state. Savannah, GA, for example, is home to Savannah College of Art & Design, or SCAD, which has helped establish the citiy's art museums and street by street architecture as among the most impressive in the nation. Charleston, SC's crime rate, according to an FBI report, was 35 percentage points below the national average in 2016. To take the full measure of a place you are targeting for retirement or a vacation home, ignore the rankings and do your own research. Or ask me.
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I love watching the World Cup. I don’t even care that scoring can be separated by an hour or more. (We Americans, I am told, love scoring too much.) If you like strategy, team effort, and the pure geometry of a sporting contest, there is nothing like a high-level football match.
But for pure, unadulterated and un-interfered-with action, and the triumph and heartbreak of individual effort, there is nothing like watching golf, seriously, with baseball a close second. (The major difference with baseball is that an umpire can still make a difference in the outcome of the contest, but video replay is starting to eliminate much of the guesswork in the national pastime. I’ve been watching baseball seriously for more than 60 years, and I won’t have a major issue when balls and strikes are called by a robot.)
It is the pushing and shoving and grabbing of jerseys in these World Cup matches, and dubious writhing on the ground after a bump from an opponent, that besmirches the beauty of soccer. Compare the obvious attempts by soccer players to generate a penalty call and a potential yellow card for their opponent –- some of those attempts so audacious as to attract a yellow card from the referee –- with the penalties golfers call on themselves. Or compare the tugging on a jersey or an elbow to the head in soccer with the “nice putt” and “great shot there” one golfing competitor shares with another. Referees in soccer make a call every few seconds, it seems, yet officials are only called to a golf match on the rare occasion that golfers in a group cannot agree on a ruling or if they don’t understand the rule. Golf may seem slower, but the interruptions to a soccer match, a football game or a professional basketball game make those sports far less than elegant.
Those who don’t play golf consider watching it boring and pointless –- in the way a Philistine considers a visit to a museum a waste of time. Yet talent in sport is best revealed absent the collision of bodies, constantly faked injuries, life-debilitating concussions or the judgment of fallible human beings known as referees or umpires. In that regard, golf on TV could not be more exciting.
Now if Fox can only get the camerawork right.
Check out the first photo below. It was taken just after my son and I finished 18 holes of golf last week at Gillette Ridge Golf Club in Bloomfield, CT. The practice putting green was also buzzing. Nothing remarkable about a full practice area before a round of golf, but this was at 6:15 pm…on a Tuesday...on a layout that was jammed with players right through the afternoon. (As we headed for the parking lot after the round, I overheard one employee say to another that the last booked tee time was 6:45!)
Gillette Ridge is not even the best golf course in town; that distinction is held by the town’s own course, Wintonbury Hills, a Pete Dye routing about three miles away that is more fun and typically in better condition than Gillette Ridge, whose reputation was sullied in the mid 200s after it opened; it was way too firm and with mostly impossible approach shots that would give Bethpage Black a run for its money. No one went out of their way to play a layout that demanded full carries to the concrete greens, with the expected results of finding hazards and rough beyond. If there is anything we golfers, pros and amateurs alike, loathe it is a golf course that penalizes good shots.
Gillette Ridge paid the price for its difficulty as golfers shied away, especially when the recession hit. It closed a few years ago and reverted to its original owners, CIGNA, the giant financial services company whose offices abut some of the fairways and whose dining patio overlooks the practice areas and 10th tee. CIGNA reopened it last year, put Arnold Palmer Management in charge, and it is in much better shape, softened slightly but still as much of a challenge as you will find on any public layout. Rounds of 4 ½ hours are not uncommon.
There is enough in a round at Gillette Ridge to rope golfers back in, especially those who admire quirky golf design. The par 5 11th hole –- formerly #2 before the club switched the nines a month ago –- starts off as a relaxer, with as wide a downhill fairway as you will find on any two- or three-shot hole. Blast one down the middle or right side, making sure to avoid huge bunker well to the right, and you will catch a 40-yard slope that can put the low double-digit handicapper –- that would be me -– within striking distance of the green. Playing from the executive tees, I was just 175 yards from the center of the green, but all carry over a menacing large pond; the bailout area to the front and left of the green was actually smaller than the green. I chose my 3 wood, which I have been hitting about 185 on the fly lately. I felt that if I hit it solid I might get a little spin and wind up at the back of the green. I certainly wasn’t going to be short, and I wasn’t going to lay up with a half wedge. I hit the fairway metal a little fat; it just cleared the water and bounded to the left rear of the green, in the fringe, leaving me a rare eagle putt. For an aging boomer, any putt for eagle is cause for celebration. (I made birdie, by the way.)
Another par 5 at Gillette is equally unusual yet offers no opportunity for an eagle putt, even for excellent ball strikers. That is #8, where you must avoid menacing fairway bunkers on the left side almost 200 yards away for a senior golfer like me, and then hit a routine layup to wedge distance. But the green is a thin strip running front left to back right, firm and pretty fast and with a steep falloff to a stream bed below right. A shot that finds the fringe is a major achievement given how hard it is to hit and stay. I hit my best drive of the day just over the bunkers, caught the downslope behind them and wound up with a five-iron layup. But the pin on this day was up front on the narrowest part of the narrow green, making even a lob wedge tough to hold. I skittered to the back fringe with my lob wedge and was happy with par.
Gillette Ridge visitors will either love or hate #13, a drivable par 4 (242 yards from my senior white tees, 273 from the more burly blue tees) with a series of menacing bunkers surrounded by deep rough protecting more than half the green on the left, and trees guarding the right side of the green, ready to gobble up slightly pushed drives. Helpfully, the Palmer designers placed a big mogul short and to the right of the green. If your drive finds the left side of the mogul, it could very well kick onto the green. I wound up in the rough just short and right of the green from my tees but was able to make par from there.
I find that the realistic possibility of putting for eagle on a par 5 and driving the green on a par 4 is fair compensation for Gillette Ridge’s idiosyncrasies. In a future post, I will state the case that Gillette Ridge and its local counterparts could make for an interesting golf trip in the Greater Hartford Connecticut area. Seriously, Hartford.
If I had a choice of Florida towns in which to live, my first choice would be Sarasota. It has a lively downtown area, some of the finest beaches in America nearby, is not far from major league sports teams and provides a variety of excellent golf courses for year-round play.
A friend from Connecticut and his wife, both with excellent taste, have a beautiful home for sale inside the gates of University Park, which straddles the boundary between Sarasota and Manatee Counties, just a few miles from Sarasota. It is a former builder’s model and, therefore, has all the top design features necessary to attract discriminating couples. It was totally renovated a few years ago and, at 3 bedrooms and 3 baths, it is the perfect size for a couple looking for an easily maintained home with just enough space for family members and friends who will enjoy the occasional visit. (Careful, they may want to stay.)
The house is fully ready to welcome its new owners, with a 50-inch built in television and sound system with ceiling speakers in the spacious yet comfortable Great Room; and a gas heated swimming pool and natural gas 3 burner Weber Grill are all set for workouts and cookouts. Noted architect Ron Garl designed the 27-hole University Park golf course. For those looking to supplement their golf play, University Park offers 11 lighted Har-Tru tennis courts and a fully equipped and modern fitness center. We understand the food in the clubhouse is pretty darn good too.
There is much more to share, but rather than me prattle on, check out the photos below and then contact real estate professional Dennis Boyle, who knows the golf community scene in the Sarasota/Venice area better than anyone I have met. You can contact Dennis at (941) 400-5584 or by email at email@example.com. His website, which does an excellent job of describing golf communities in the Sarasota area and publishing current listings of properties for sale, can be found at: http://www.suncoastgolfhomes.com/
The house in University Park is listed at $610,000.
A special section of the Wall Street Journal on Monday has me thinking about assumptions I made about my retirement just a few years before I actually retired. The "Journal Report on Wealth Management" contains an article about “testing” your financial life; the article runs through five contrary scenarios – e.g. “Spending on the Usual vs. New Experiences” -- making the good point that sometimes what you assume is not related to what you will really want in retirement.
Suffice to say that if you are in retirement or even pre-retirement mode, you might want to test your assumptions about your future interests by simulating two opposite scenarios.
Here’s two personal examples of how I might have benefited by testing my own assumptions back in 2000: 1) That I would play golf at least four times a week in retirement and 2) That my wife and I would use our vacation condo at least four months per year. The two scenarios are inextricably tied. My wild miscalculation turned out to be expensive.
Eighteen years ago, my wife and I decided to purchase a condo in Pawleys Island, SC, and took the developer up on an offer to pay for half the initiation fee for golf membership. That “saved” us $7,500. I figured at the time we would spend a few months at Pawleys Plantation and I would play golf there four times a week. As it turned out, we have spent an average 10 weeks per year in our condo, and I have played at most two rounds per week, more often than not just one. Dues have ranged from $200 per month to $275 over our 18-year ownership. Quick back-of-the-napkin math indicates I played 15 rounds per year at a cost of more than $2,500, or $167 per round. I would have been better off not joining and paying the going rate to play, which averages less than $100 throughout the year.
I have the usual excuses about my miscalculation. Our home in Connecticut required more attention, our kids were not quite out of the nest yet (they are now), doctor's appointments and even a dog who was medically challenged. Life has a tendency to intrude on the best laid plans.
I never tire of playing the Pawleys Plantation golf course, a terrific Jack Nicklaus layout. But our condo is within 10 minutes of a dozen other excellent courses and within an hour of nearly 100 others. If I had turned down the developer’s offer of membership and, instead, tested my assumption that I would play dozens of rounds each year at Pawleys Plantation, I could have saved myself a lot of money over the years and enjoyed many more of the golf courses in the Myrtle Beach area. As it turns out, I would have saved on initiation fee too if I had waited; last year, the semi-private Pawleys Plantation reduced its overall initiation fee to $2,500, a bargain for those who can play a couple of rounds per week there throughout the year.
In short, don’t assume you will play as much golf in retirement as you think you will, and if you buy a vacation home, don’t think you will spend as much time there as you plan. Figure out a way to test your assumptions to make sure that real life doesn’t intrude on your dream life or, if it does, that you won’t pay too dearly for the lesson.
Residents of the more than 1,100 homes in The Fairways in Lakewood, NJ, had every reason to believe they were buying into a golf community in perpetuity when they began buying lots and homes there in the late 1990s. In marketing, sales representations and more formal declarations, The Fairways met the strict definition of a golf community, with the 27-hole Eagle Ridge course at its heart. And since 50% of the community’s total property was, by municipal ordinance, designated open and green, there was little reason to think that the Kokes family, which developed The Fairways, would or could repurpose the golf course.
But last year the Kokes family sold the course to another firm clearly not interested in maintaining a golf course. As has happened in so many communities across the nation, new owners GDMS holdings had a more profitable plan in mind –- to turn the fairways and greens into home sites and, eventually, homes. According to a story at app.com, a USA Today online magazine, GDMS has proposed an additional 1,000 homes to be built on the golf course.
A lawsuit with many of The Fairways’ residents as plaintiffs has been filed against the new owners and the old ones, and although the state’s EPA regulators have given the green light for construction, local planning officials have not rendered any decision. Hearings and deliberations are likely to drag on for months, with plenty of noise from The Fairways sexa- and septagenarians.
Retired persons have plenty of time on their hands.
See the app.com article here.
When we think of the typical migrant to the Southeast states, especially the Carolinas, the tendency is to envision a shivering Yankee fed up with New England winters and eager for essentially one year-round wardrobe.
Well, think again. It turns out that the majority of those moving to the Carolinas do so from right next door.
According to a recent study published by the University of North Carolina Population Center, four of the top five states contributing new residents to the Tarheel State are from other Southeast states: Virginia, Florida, South Carolina and Georgia, in that order. Only New York State (#4) gets in the way of a clean sweep for the southern locations. In a further slam at conventional wisdom, the state of California (#6) contributed more migrants to North Carolina than did Pennsylvania (#7), New Jersey (#9) and the other northeast states. (Connecticut was #14 and Massachusetts #16.)
Until a few years ago, Northerners moving south had the luxury of low housing prices, as well as an overall lower cost of living than they were used to – in some cases much lower. But the heavy influx into the Southeastern states is starting to put pressure on prices, and it is only a matter of time before the increases in population start to put stress on the provision of services at the state and local levels. And that can only mean an increase in taxes, as well as some of the other realities of life in the urban and suburban North, such as traffic, pollution and the other issues we associate with dense population.
Those of us in our retirement years still have a decade or two to enjoy the comparably low costs of living in the South. But our children and their children may live a different reality in their own retirement years.
Thanks, as always, to our faithful data hound, Keith Spivey, for sending us the UNC study.
In an area loaded with golf courses, only one can be the oldest…and the most historic. On the Grand Strand of Myrtle Beach, Pine Lakes International, otherwise known as “The Granddaddy,” holds both distinctions. Opened in 1927 as the Ocean Forest Club, the course was designed by a Scotsman, Robert White, who was the first president of the PGA and co-founder of the top professional golf architects association. The club’s debut presaged the eventual rise of the most concentrated golf market on the east coast, with more than 100 courses today within a 60-mile radius even after 25 went out of business before and during the recession.
Pine Lakes holds one other historic distinction among golf courses; it is the birthplace of Sports Illustrated magazine, which will celebrate its 65th birthday this August. Henry Luce, the publishing visionary who founded Time Inc., was not a sports fan but he understood America’s growing obsession with sporting events. He ordered more than 60 of his writers and editors to Pine Lakes in 1954 to hash out the details for what would become the most important U.S. sports magazine in history. A plaque outside the clubhouse commemorates the occasion.
The history of the Pine Lakes golf course is not quite as dramatic, but as the first course in the Myrtle Beach area, it set a certain tone for its immediate followers. The next golf course, the George Cobb-designed Surf Club, would not open until 1960. The layout at Pine Lakes was pretty much restored to its original contours and design beginning in 2006, a project that was interrupted briefly by the recession in 2008 but completed in 2009. (It is somewhat ironic that the course opened shortly before the Great Depression of 1929 and the renovation was started just a couple of years before the Great Recession of 2008.)
The year 1927 was smack in the heart of the Scottish influence on American course design and a time when Donald Ross did much of his U.S. work. In Robert White’s design, assuming the redo of the course was faithful, you see some of the classic Ross-type touches that put more emphasis on accuracy than on length. Although a course whose name contains “Lakes” must have a good number of water hazards, these are rarely an issue off the tee box but rather on approach shots to par 3s and par 4s where they guard the sides of greens, but not too close to be overly intimidating. Many more modern designs make sure that if water encroaches on fairways, strategically placed bunkers will keep errant drives from finding watery graves. Not at Pine Lakes, where if you flaunt the generously wide fairways, prepare to suffer the consequences.
I played Pine Lakes for the first time in 1969 as a 20 year old, and one year shy of 50 years later, I returned for another go at The Granddaddy last week. All I recall of that late 1960s round was that the holes were more tree-lined and seemed tighter than the other 18 golf courses in the Myrtle Beach area at the time. On my recent revisit, things had opened up somewhat after the renovation and implied that many dozens of trees had been removed for better air circulation to help, especially, promote the quality of the greens. The turf on the greens seemed fine, although in mid spring, with warm nights promoting grass growth, there is little excuse not to cut the greens a little lower than they were. Sadly, that was not the biggest issue as Pine Lakes’ receptive greens were pockmarked with divots, dozens of them per putting surface. I fixed an average of two or three directly in my line on each hole and a couple of extras along the way. As I remarked to my playing partners, a course with players who don’t fix their ball marks might consider hiring a few local high school golfers to fix ball marks in exchange for free rounds. The ball mark issue was pretty much the only flaw in an otherwise fun round on The Granddaddy.
My wife and I are in the middle of our first cruise, and I apologize for the recent silence in this spot. We are on the Celebrity Equinox out of Miami and currently docked in New Orleans. This is the line’s New Orleans Jazz Festival cruise, but the lineup at the festival is underwhelming, and therefore we may opt to do the things that people do in New Orleans –- eat in the city's famed restaurants and catch some great music in the local clubs.
Speaking of clubs, my golf clubs are back in Florida at my son’s house in Vero Beach awaiting my return. There is not even a tee and net on the Equinox, although I noted in the daily update newsletter a putting contest on the lawn that sits atop the top outer deck at the front of the 15-story ship. Despite no access to golf, I am having a relaxing time on this initial cruise; the service is terrific, the food is always good enough and sometimes excellent, and the deck outside our stateroom is an excellent place to contemplate life – as well as the brand new set of irons waiting for me back in Vero Beach, a 70th birthday gift from Mrs. G.
I have finally come to my senses and ordered irons with graphite shafts. Kris, the club fitter at Moon Golf in Vero Beach, had me bang balls into a simulator screen with my own steel-shafted clubs about 30 times before grabbing a few different heads of irons and matching them to composite shafts that seemed best for my swing speed, which is best described as old-man inconsistent. After testing Ping, Cobra, Titleist and Taylor Made irons, the winners were Callaway Rogue irons, numbers 6 through sand wedge. I will match them with an XXIO #5 hybrid and, at least for a few weeks, a Titleist #3 hybrid that I have pretty much beaten into submission over the last six years. The shaft on that club is considerably stiffer, although still nominally “regular,” than the shafts on the new Rogues. But I expect to get a new #3 hybrid soon.
There is nothing like a new set of golf clubs to make you believe a lower handicap is a few rounds away, and nothing like a cruise to make you put aside golf for a couple of weeks and, yet, anticipate with great zeal that next round.
My own two eyes and ears corroborate what a recent analysis by the Joint Center for Housing Studies at Harvard University indicates; that after decades of declining interstate migration rates in the U.S., millennials and baby boomer relocation from one state to another have increased since the Great Recession.
I write this from Pawleys Island, SC, where I am staying in a vacation home I have owned since 2000. Our condo was new at the time, and for the ensuing few years, developers and individual lot owners built new homes at a very modest rate. New construction and most resale activity dried up just before the Great Recession of 2009 and for the following five years. But now, I am hearing from local Realtors that inventories are low here at Pawleys Plantation and in the wider area, and as I make my way around the Jack Nicklaus golf course, I see at least a half dozen homes under construction. Recently, a local developer bought up the only multi-lot tract of land in Pawleys Plantation and is building a group of about 30 homes beside the 18th fairway, a short walk to the clubhouse and first tee. A couple of them sold in the first week they were offered.
The United Van Lines Migration map for 2017. For more, click here.
I am hearing similar stories from real estate professionals I work with across the Southeast and, indeed, I have seen an uptick in recent months in the number of baby boomers asking me for assistance in their searches for golf-oriented homes. All of that confirms the Harvard organization’s data that, among other things, indicates what most of us know intuitively, that folks are moving from North to South to escape the cold winters and the comparatively higher cost of living.
“Many states with positive in-migration in 2012, such as Florida, Arizona, and South Carolina,” the authors of the study write, “saw even greater in-migration in 2016. In contrast, several states – notably California, New York, and Massachusetts – that had negative flows in 2012 had even greater negative flows in 2016.”
Other analyses confirm the data. One of our favorites is the annual United Van Lines Migration tudy that charts actual movements from one state to another, which shows significant movement from the Midwest and Northeast to the Southeast and selected states outside the region (Vermont, among others in the Pacific Northwest).
If you have been considering a move to the Southeast, especially the Carolinas, Georgia and Florida, waiting much longer could become expensive. Even if you are not ready to take the plunge on a single-family home, the purchase of a vacation home now could put you in line for some appreciation that will set the stage for an upgrade later on. Of course, national economic factors could change things but, as it looks right now, the time may be right for a purchase.
Thanks to our friend Keith Spivey for alerting us to the Joint Center report.