The Motley Fool Discussion Boards
Retirement Discussions / Retired Fools
|Subject: Re: financing||Date: 5/13/2003 8:45 AM|
|Author: Bobcatkitty||Number: 8433 of 20130|
I read this thread and figured there was nothing I could add until I ready mhtyler saying he'd like to "walk to the beach"....WHOA THERE !
After living in Florida for the past 8 years...and living close to the water in at least one place, I can safely say that just the land alone for perhaps a 1/4 acre would cost you upwards of $150,000.00 Yes...that 150K not 15K.
We just recently sold our home in south Sarasota Cty. that had an assessed value of 293K and our property taxes of 8K per year was the major cause of getting rid of it.
Be very careful of Florida...homeowner insurance rates are sky-rocketing (if you can get it at all), hurricane insurance and deductibles are also getting to out of sight, and in some places close to the water insurance is simply not available.
Best of luck in your hunt, but don't be in a hurry.
|Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us|