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How to Choose the Perfect Place to Retire | Business Markets and Stocks News

For most Americans, retirement is a long-awaited rest, and some locations are more comfortable than others. Caring.com's 2017 "Best and Worst States to Grow Old" study ranked all 50 states based on cost of living, healthcare, and quality of life, including senior care . The best states for retirement were Utah, Iowa, South Carolina, Washington, and Nebraska, ranked respectively, and the worst included West Virginia , Indiana, New York, North Dakota, and Wyoming.  Settling down in your golden years requires a lot of commitment, and it's imperative to weigh your options carefully. Make an informed choice by asking yourself these questions as you enter retirement. How much have you saved?  Whether you're dreaming of life on the beach or in a remote mountain cabin , the first (and less picturesque) step of retirement is practicality. Choosing your dream location often comes down to how well you can live off your savings. The table below compares Caring.com'...

Why Seattle Builds Apartments, but Vancouver, BC, Builds Condos

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When it comes to condominium development , Cascadia’s two largest cities couldn ’t be more different. Last year nearly 60 percent of new housing starts in the city of Vancouver, BC , were condominiums; meanwhile, Seattle saw no new condominium buildings open . And that’s not changing anytime soon: less than 10 percent of all building slated for downtown Seattle in the next three years will be condos. What’s the difference—why the blossoming of condominium construction in one city and the almost complete dearth in the other? The short answer is economics. In Vancouver, apartments are saddled with an unfavorable tax code , making condos the more lucrative multi- family housing investment even despite high rental demand . In Seattle’s skyrocketing rental market , one that’s climbed even faster than the condo market in recent years, apartment buildings are much more financially attractive, while condos come with bigger risks and, typically, lower returns. Compounding this profit differe...