Why Moving Across the Country Was a No-Brainer

It was barely 5 a.m... The light from the e-mail notification had woken me up.

It was from Steve Sjuggerud. I wasn't working for him at the time. I knew him only as an interesting guy who liked cool guitar stuff.

I woke up my wife to explain the e-mail to her. "Steve wants me to give working with him in Florida a try. I'd get to do research and learn about the world, and I'd share those findings with Steve's readers."

She just wanted to sleep. But that didn't stop her from processing what I said next.

"I think I need to do this," I told her.

"I understand," she said, before rolling back over.

With that, I became a living example of the real estate story Steve's been telling for the last decade. We moved from the high-cost, high-tax Bay Area in California, to the low-cost, low-tax North Florida.

The crazy part is that the trends Steve spotted a decade ago are still fully in place today.

Let me explain...

Making the move to Florida was a bigger deal than it sounds. That's because my wife was the top earner in our household. In fact, we were living entirely on her income.

I'd been working for a tech company in California. The company had made a number of missteps. I was frustrated. And when pay negotiations failed to bear fruit, I walked.

I went back to school and was busy studying statistics and sociology... And that's when Steve and I got back in touch.

Now, Steve and I had only about 10 hours of one-on-one conversation before that. But that was all I needed. And apparently, it was all he needed too.

It might sound like this career move was a gamble for everyone involved. But for me, it wasn't a gamble.

Anybody who has met Steve in person knows why. He's one of the most genuine people I know. He's trustworthy. And he'd never ask someone to make a major change unless he was sure it'd work out for them.

So, I saw it as a low-risk, high-return opportunity. And you better believe when one of those crops up, I do my best to take advantage of it.

Still, we needed to see our new potential home before making the decision. So, Steve flew us out for a tour...

He knew that it was my wife, not me, who would need to see this wasn't totally nuts. After all, if things worked out, she'd be the one leaving her work at Google to join me in Florida.

Steve made his most compelling case while we rode bikes through the beautiful paths of the small island he lives on. "I really believe this area offers the highest quality of life for the lowest cost in the U.S."

My wife and I understood exactly what he meant. And we ended up taking the plunge and moving across the country.

We're not the only ones, either. Florida is the fifth fastest-growing state in terms of population. This is a long-term trend – and COVID-19 has only accelerated it...

Regular people living in ultra-high-cost cities are starting to think to themselves, "Do I really need to be here?" And it turns out, for a lot of them, the answer is "no." More folks are realizing that places like Florida and Texas are simply a much better value.

Steve was exactly right. You won't find a better quality of life for less money anywhere else in the U.S. I'm living proof.

My experience is also a great example of why the story in Florida real estate isn't over yet...

We didn't make the move a decade ago. It was just a few years back. The opportunity we took advantage of is still available.

Housing is still cheap... taxes are still zero... and the Florida sunshine keeps shining.

I don't expect you to pack up and move, of course. But if you're considering it, don't think that you've missed the opportunity.

Good investing,

Vic Lederman

Further Reading

"We've seen the U.S. housing market boom for the last decade," Steve writes. And importantly, it's not over yet. That's because we're still not seeing the key signal that typically flashes before a fall in prices... Get the details here.

"The same rules I apply to stock investments also work for real estate deals," Steve explains. These rules help you get in when the tide is rising. And fortunately, the trend is in our favor today with housing... Learn more here.

DailyWealth Premium

How to profit from today's real estate boom without buying real estate...

People think you’ve got to do private deals to be a real estate investor. But the reality is much different…

Click Here to Get Immediate Access

Market Notes



Fair Isaac (FICO)… analytics software
Roku (ROKU)… streaming devices
Comcast (CMCSA)… cable TV
T-Mobile (TMUS)… telecom
Palo Alto Networks (PANW)… cybersecurity
Target (TGT)… big-box retailer
L Brands (LB)… clothing retailer
Crocs (CROX)… ugly shoes
Starbucks (SBUX)… coffee “World Dominator”
Southern Copper (SCCO)… copper


Not many… It’s a bull market, you know!

Click Here to Continue Reading
Recent Articles
The Appetite for Crypto Is Bigger Than Ever Before

As our colleague Eric Wade explains today, the hunger for crypto is even bigger than it was 12 years ago...

A Skeptic's Case for Investing in Bitcoin

Do you believe bitcoin is a technological marvel that will be one of the most valuable assets in the world? Or do you think bitcoin is a sham that only extreme fools would risk real money "investing" in it? I used to be in the middle, but now I'm convinced it plays a crucial role in any portfolio...

Tesla Will Move the Market... But How Much?

Tesla is stepping into the big leagues. Standard and Poor's is adding Tesla to the S&P 500 Index. In fact, it looks like it will be a top 10 holding. So today, we're going to answer a simple question: "Just how much sway will Tesla have over the market?"

The 'At-Home Revolution' Is Far From Over

With a possible end to the crisis now in sight, investors are now wondering if time is running out for certain firms and their outsized profits and growth. I think folks may be getting ahead of themselves. Here's why...

Gold Miners Are Primed for a Triple-Digit Rally

Normally, gold mining is a tough business... But gold miners give you massive amounts of leverage to the price of gold, which means it means gold miners could easily soar triple digits.

$3,000 Gold Could Be Just the Beginning

In 1971, President Richard Nixon removed gold's convertibility, allowing the price of gold to fluctuate on its own for the first time. It's why the 1970's gold boom was possible in the first place. There was another key driver, though. And today, we'll look at what it was... and why it could push gold to $3,000 an ounce...

The Government Doesn't Have Your Back as an Investor

Dennis Buchholtz lost a quarter of his life savings with one mistake. And right now, many honest and hardworking folks are about to make the same exact mistake that he did. But the good news is, you can avoid it...

What the 1970s Tell Us About Today's Gold Boom

Howard Ruff's 1970s advice could give us insight into the long-term gold and silver boom that could be underway.

Why the Fear in March Was Just the First Warning

The March 2020 spike in fear was just a warning tremor for a massive new credit crisis that's fast approaching. And when it's all said and done, it could be much worse than the last financial crisis...

View Full Archive