Thursday, November 7, 2013

Long-Distance Moving

U.S. Census data has revealed that the great slowdown in residential movement has given way. Nearly 7 million Americans have decided to move long-distance, interstate, to states with lower income per capita. Why? The lower income per capita is a result of lower taxes, lower housing costs and lower costs of living. In metropolitan areas, such as the Tri-state area, housing costs have increased exponentially more than the economy has. 
One of the main reasons many millennials are moving away from the greater metropolitan area is due to the mindset that it instills. The area creates a sense of spending without saving, and instant gratification is more important than a long term investment. Many twenty-somethings have started to realize that paying inflated rents, expensive dinners, designer clothing and $12 martinis, is no way to secure a steady financial foundation.  
Despite the job opportunities in these metropolitan areas, the competition is greatly increased. With all of the Ivy League institutions being concentrated on the east coast, the level of competition is increased. The concentration of residents in these areas is also a reason for the increased job competition. It is no surprise that there is a greater migration of residents away from the greater New York area. 
Moving these long distances isn't always an easy undertaking though. Especially if someone who is moving out of the area already has a residence. There are companies, such as Gibraltar Van Lines, that are specialized long-distance movers in NJ

Gibraltar Van Lines
8 Gates Avenue
Montclair, NJ 07042

1-800-262-3499

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