Blowbacks exiting Lee County

Residents are cashing out

Tired of the congestion, the hurricanes, high prices, and/or the lack of seasons, Lee County residents are cashing out and moving away. Up north, they are calling these relocating Floridians, blowbacks, as many are motivated by the recent hurricanes.

With astounding equity gains, cashing out and moving to a less expensive area can be a great way to build an instant retirement nest egg. While the blowback concept makes interesting newspaper reading, I don't expect the numbers of exiting residents to have a material impact on the real estate market.

Paradise lost for some [News-Press]

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