Cape May is named after the Dutch captain Cornelius Jacobsen Mey, who explored the Jersey shore and the Delaware River in the early 1600s and claimed the area for the province of New Netherland.
The place became a prime vacation spot for Philadelphia high society in the mid-to-late 1800s, and despite some ups and downs over the years is now known for its many well-kept Victorian buildings -- reportedly the second largest collection of Victorian homes in the country after San Francisco.
There are a lot of retired people who live in Cape May, including the woman in the other side of the two-family house we are renting. But this house we are in is not like any two-family house I've ever known. It has four bedrooms, three baths, nine-foot ceilings, a spacious front porch. It is also completely renovated, sits two blocks back from the Atlantic ocean, and is worth close to $1 million!
It's also in New Jersey, which means it's an expensive place to live. The real-estate prices are high (as you can see), and so are the taxes on retirement income.
We couldn't really afford to live here -- not in the style we'd like to become accustomed to in retirement -- but we can afford to rent here for a long weekend. So I guess for us, Cape May comes under the heading of ... nice place to visit, but we wouldn't want to live here.