Retirees buying second homes for access to medical care

A growing number of wealthy retirees who have relocated to states like Florida for lifestyle or tax benefits are buying secondary properties (dubbed “med-à-terre’s) to maintain access to their longtime New York medical specialists. According to The Wall Street Journal, the homes serve as medical hubs for affluent older adults seeking what they view as irreplaceable, high-end health care. Similar behaviors are also emerging in the Midwest, according to the article, where buyers are targeting properties near renowned facilities like the Mayo Clinic.