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From: Jim Townsend (no email)
Date: Mon Aug 04 2003 - 19:44:28 EDT
Rick
Rather than housing costs, I would and did consider taxes as a prime consideration of my move into early retirement. If the sea and taxes are considered Texas and Florida are good choices. Both are state income tax free. I left CA a couple years ago, just as housing prices began to fall. Located in the Fort Lauderdale area to shop for a boat.
If I had it to do over, I would consider the West coast of FLA for cheaper housing and away from hurricane building restraints.
If you have large stock holdings --- be aware that FLA taxes these as intangible property. It is a modest tax, but still a tax.
I think you could get a nice little 3 bdrm on the FLA west coast for about 150k. If you are up to it ($250k) they have a lot of communities that have deep water docks. Punta Gorda comes to mind. See Cruising World classified adds for realitors.
Good move getting out of CA. It looks like they are going bankrupt in a hurry and the taxpayers are due to get screwed even harder.
Good Luck
Capt. Jim the Pirate
Rick Bradshaw <> wrote:
I know the subject doesn't sound much like sailing related but it is.
Due to some unfortunate (?) situations, my wife and I have decided to
make some major changes in our lives. Instead of waiting another 5 to
10 years to save and get that next boat, we're moving up the
schedule. In the next 1-1/2 to 2 years we plan to sell our house
(_Please_ let the housing prices keep appreciating _here_ in San
Diego!) and buy both a smaller house and a cruising boat. (I told you
it was sailing related.)
We would like to know what some of the realistic real estate prices
are in other areas. Sure, we could surf the Web and get numbers but
they may or may not be realistic based on what the realtors put on
the sites. Per our personal experience: they don't always a) tell the
truth (truth being what it is at the time I access the site) and b)
they don't always update their info on a timely basis.
We would obviously like to stay near the water since this is intended
to be the "last home" that we will ever buy. However, cost is
certainly a concern. Therefore, while we would love to stay in
Southern California, it is virtually impossible to find a small home
under $200K, and as much below that as possible. We've heard of some
inexpensive, nice places (compared to here) in Arizona and maybe
Idaho. However, Arizona is a bit far to the boat, not to mention
possibly quite hot, and Idaho is a bit cold. Also, there is another
"little" need in addition to cost; the close location of a larger
military installation. When we settle permanently, we will need to
stretch and squeeze those retirement dollars as far as we can and
that will help.
So, anyone know of property (small homes) on the West coast, perhaps
East coast that could fit our "bill"? Also, what is the real estate
projected to do in that area? How high in the next couple of years?
We will start seriously looking for the boat when the goal is about
3-6 months or less away. We want to be able to pay for both the house
and boat without having to have a mortgage.
TIA
Rick
Taking that _big_ first step in planning out the rest of our lives,
as best we can.
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