Iconic action star Sylvester Stallone recently announced he and his wife, Jennifer Flavin Stallone, will be relocating to Florida and leaving "permanently" the state of California.
The increasing frequency of remote workspaces has compelled many Californians to flock to nearby Oregon, Nevada, or Arizona, while others are moving to Texas or Florida for the warm weather. Moving also means avoiding the risk of wildfires and earthquakes that have become increasingly common in California.
Why is Sylvester Stallone leaving California for Florida?
While the Stallones asserted they were moving to the Sunshine State to “make new memories, new beginnings” after their three daughters left the nest, other high-profile individuals have shared different motives.
High taxes, increasing cost of living expenses and political disagreements have resulted in thousands of California residents packing up and leaving the Golden State behind — including some of Hollywood's hottest celebrities.
He said moving to Florida is “not an easy transition” but he “gave in” to his wife's request for a fresh start. “I don't want to shake things up, but I know my wife wants [a] big adventure,” Stallone told his former “The Lords of Flatbush” co-stars Jon Lovitz and Henry Winkler in “The Family Stallone” opening episode.
Sly Stallone's wife Jennifer explains why they permanently left California for Florida
What actor is moving to Florida?
Iconic action star Sylvester Stallone recently announced he and his wife, Jennifer Flavin Stallone, will be relocating to Florida and leaving "permanently" the state of California.
"Everything's a memory to me, memories of them not being there anymore. So, I needed a big change and Sly went along with it." The Stallones' decision to move to Florida followed the couple's reconciliation after Jennifer filed for divorce from Sylvester in August 2022.
Texas is the top state that Californians are moving to.
All of the individuals leaving California had to relocate somewhere, and Texas was the most popular choice, with 102,442 people moving there, according to U.S. Census data.
Scott Baio shifted from California to a home in Florida earlier this year, while Dean Cain made the decision to leave California for a residence in Nevada. Earlier in 2021, Sylvester Stallone and Jennifer Flavin chose to head east to Florida after establishing their family and life in Southern California.
Industry experts and insiders attribute the ongoing exodus of productions from California to tax credit incentives offered by other popular filming destinations, such as Georgia, New Mexico, New York, Louisiana and the United Kingdom, which California has failed to compete with.
Mainly because of California's high cost of living, particularly housing. That's the biggest reason movers cite. The median cost of a California house was nearly $800,000 in November, more than double the $336,000 you'd pay in Texas, according to Redfin housing market data.
Politics, a difference in housing costs and taxes are among the various reasons behind their relocation. As Stallone and Flavin prepare to put down roots in the Sunshine State, they were readily greeted by Casey DeSantis, the wife of Florida Gov. and former presidential candidate Ron DeSantis.
Who bought Sylvester Stallone's house in California?
Adele purchased Sylvester Stallone's Beverly Park mansion — on one unusual condition. Adele bought Sylvester Stallone's Beverly Park mansion in February 2022 and had a very specific request. Adele did not go easy on Sylvester Stallone when she purchased his Beverly Park mansion for $58 million last year.
The bottom line is Florida is a far less expensive state to live in than California because it has less expensive homes, lower sales tax on things you buy, and lower income taxes on money you earn.
Moving from California to Texas has become the most popular interstate relocation in the U.S., even beating New York to Florida. A 2021 study found that 111,000 Californians moved to Texas that year, averaging roughly 300 daily. The number of people moving from California to Texas was up 80% in 2021 compared to 2012.
Florida is the hotter and more humid state when compared to California; you might even want to call it tropical. Although Florida doesn't have as much of a diverse landscape as the Golden State, it has miles of incredible beaches, and life is very much focused on the coast.
Where do the richest celebrities live in California?
The Beverly Hills Post Office area and the Trousdale Estates are particularly favored by celebrities. Beverly Hills neighborhoods that are popular with celebrities include Trousdale Estates, Beverly Hills Flats, Beverly Park, Mullholand Estates, Benedict Canyon, and Coldwater Canyon.
“After long, hard consideration, your mother and I have decided it's time to move on and leave the state of California permanently, and we're going to go to Florida,” Stallone said. Stallone purchased a 13,241-square-foot home in Palm Beach, Florida, for $35.58 million in 2020, according to the Palm Beach Daily News.
Analysis of the approximately 750,000 people who have bid farewell to California over the last three years has revealed that thousands more high-earning, well-educated workers have left the Golden State than have moved in.
In 2022, over 1 million people flocked to Florida from all over the world — a huge surge in migrants from other states and countries. During that same year, though, nearly 500,000 people left the state for other parts of the country, according to the U.S. Census Bureau.
The film received critical acclaim for Stallone's writing, as well as the film's performances, direction, musical score, cinematography and editing; among other accolades, it received ten Academy Award nominations and won three, including Best Picture.
Paulie unknowingly had Rocky sign a power of attorney over to Rocky's investment accountant, who had embezzled and squandered all of his money on real estate deals gone sour. In addition, the accountant had failed to pay Rocky's taxes over the past six years and his mansion had been mortgaged by $400,000.
After returning home, Rocky and Adrianna discover they are bankrupt after Paulie was fooled into signing a "power of attorney" over to Rocky's accountant, who squandered all of his money on real estate deals gone sour and failed to pay Rocky's taxes over the previous six years.
