We did something similar, with no qualms. I asked my wife, “Do you want to be the first to leave, or the last to leave?” Now, 12 years later, virtually all of our close, nearby neighbors in NJ have moved. (and I also told her if we stayed in our high property tax neighborhood we would be bankrupt in 3 years) The only concession we made to our younger son who went to school in Boston, was to stay on the east coast. We didn’t consider Arizona because it was “too far away” (and too hot in the summer!). Our son is flying in for a visit tonight for most of the week, from Boston, where he still works and lives.