The “wealthy” is not going to work

[networkpro]

Sell home in NJ for $900K , paying $25K annual property tax , buy golf course condo w full clubhouse amenities in FL for $300-400K , $4K annual property tax, sounds cheaper to me.

Hmm sounds like The Villages...

 

[Sirwalterraleigh]

Exchanging one set of local problems for another

Like everywhere else. No victories in life.

This is gonna be “fashionable” in Naples in a couple of years…

 

[Sirwalterraleigh]

Sell home in NJ for $900K , paying $25K annual property tax , buy golf course condo w full clubhouse amenities in FL for $300-400K , $4K annual property tax, sounds cheaper to me.

Works perfect if you’re in gods waiting room…which is the false analogy.

And check the price on that $300-$400 house these days

 

[Lilofan]

Hmm sounds like The Villages...

The STD capital and widowers paradise and that’s just for starters.

 

[crazy4disney]

Exchanging one set of local problems for another

What problems do you speak of in Fla? Granted there are problems everywhere but Fla seems so nice and everyone i know that lives there absolutely loves it…

 

[John park hopper]

Lol, I actually moved from NYC (Harlem girl here) to South Jersey and then Philadelphia thinking anyplace would have a lower cost of living . My property taxes were 12,000 bucks last year. The price for being a city girl. I keep thinking if I just moved I could probably get in an extra Disney trip.

Liz move to Charleston SC my taxes are 1500 bucks a year on 3 acres and 3,000sq ft house. One of the advantages of being a senior citizen you get a tax break. You would have plenty leftover for a WDW vacation. We have great beaches and some great restaurants in Charleston, convention center brings big name entertainment.

 

[networkpro]

What problems do you speak of in Fla? Granted there are problems everywhere but Fla seems so nice and everyone i know that lives there absolutely loves it…

Burgeoning population pressures in urban areas leading to excessive traffic, water, and power distribution issues. Hurricanes, invasive species, and God's waiting room. Remeber that the major drivers in Florida's economy are tourisim and agriculture.

 

[John park hopper]

Hurricanes can hit anywhere on the east coast as was the case with Sandy, Florida agriculture helps feed the rest of the nation(would not discount that). Invasive species happen everywhere Asian carp in the mid west, snakehead fish in NJ along with a long list of bugs, Just as many power disruptions occur in NY and CA as in FL. Your citing tourism and agriculture as economy drivers but if FL is Gods waiting room-- projected to be 768 million dollars by 2024. Urban sprawl is occurring everywhere not just FL

 

[Sirwalterraleigh]

Hurricanes can hit anywhere on the east coast as was the case with Sandy, Florida agriculture helps feed the rest of the nation(would not discount that). Invasive species happen everywhere Asian carp in the mid west, snakehead fish in NJ along with a long list of bugs, Just as many power disruptions occur in NY and CA as in FL. Your citing tourism and agriculture as economy drivers but if FL is Gods waiting room-- projected to be 768 million dollars by 2024. Urban sprawl is occurring everywhere not just FL

Florida will be an interesting case study by around 2030…when significant boomers begin to disappear.

It’s very much a “museum” to the 20th century.

The question does it sustain the younger generations without that as well? Many factors there.

 

[Vegas Disney Fan]

Lol, I actually moved from NYC (Harlem girl here) to South Jersey and then Philadelphia thinking anyplace would have a lower cost of living . My property taxes were 12,000 bucks last year. The price for being a city girl. I keep thinking if I just moved I could probably get in an extra Disney trip.

$12,000 is mind boggling. I’ve lived in the midwest or west my whole life and can’t even imagine a tax bill like that. I currently pay less than $3,000 a year in property taxes. ($400-500k home in Las Vegas, depending on the week with these crazy home markets)

lol, believe me I've got Fla and SC in my cross hairs. One advantage though is I think WDW food prices are pretty reasonable. I giggle when folks here complain about the cost of drinks in the world. You know it's time to leave when 16.00 toll seems pretty reasonable and 3.50 for a bottle of coke is routine.

This is something I can completely relate to, I’m shocked when I visit other states and can get a beer for $4 or a soda for $1 with dinner, I’m so used to $10-12 beers and $4 sodas that’s become normal to me.

 

[Lilofan]

$12,000 is mind boggling. I’ve lived in the midwest or west my whole life and can’t even imagine a tax bill like that. I currently pay less than $3,000 a year in property taxes. ($400-500k home in Las Vegas, depending on the week with these crazy home markets)



This is something I can completely relate to, I’m shocked when I visit other states and can get a beer for $4 or a soda for $1 with dinner, I’m so used to $10-12 beers and $4 sodas that’s become normal to me.

The ones who surely got wealthy in the future were investors with cash that bought on the cheap during the free fall value of homes and condos during the 2008/09 recession when people lost their jobs and eventually their residences . Selling at substantial profit when the real estate markets rebounded is a sure way of getting wealthy.

 

[Sirwalterraleigh]

This is something I can completely relate to, I’m shocked when I visit other states and can get a beer for $4 or a soda for $1 with dinner, I’m so used to $10-12 beers and $4 sodas that’s become normal to me.

Maybe it has to do with living in a tourist town that was plopped in the desert in 1955? Kinda line when they did it in a swamp in 1965

The ones who surely got wealthy in the future were investors with cash that bought on the cheap during the free fall value of homes and condos during the 2008/09 recession when people lost their jobs and eventually their residences . Selling at substantial profit when the real estate markets rebounded is a sure way of getting wealthy.

A tremendous amount of people got BLOWN up doing speculation on the front side…so it’s not a “generator of wealth” as you say.

The point is don’t gamble in real estate…that’s why it’s called “real”

 

[Lilofan]

Maybe it has to do with living in a tourist town that was plopped in the desert in 1955? Kinda line when they did it in a swamp in 1965

A tremendous amount of people got BLOWN up doing speculation on the front side…so it’s not a “generator of wealth” as you say.

The point is don’t gamble in real estate…that’s why it’s called “real”

Flippers that live in my area currently seem to be very successful. Driving around other areas, Buying depressed for sale homes in other areas in cash , hiring work crews to rehab inside and out and flipping homes in 5-6 months. It’s not for everyone. Takes a lot of risk taking , planning and execution.

 

[Minnesota disney fan]

Liz move to Charleston SC my taxes are 1500 bucks a year on 3 acres and 3,000sq ft house. One of the advantages of being a senior citizen you get a tax break. You would have plenty leftover for a WDW vacation. We have great beaches and some great restaurants in Charleston, convention center brings big name entertainment.

Your property taxes are comparable to ours in N. Minnesota. We have 5 acres, 1800 sq. foot house, large work shop, 2 sheds and mostly heavily forested. Our taxes actually went down this year to 1500, which I thought was outrageous. We don't have the senior citizen discount up here, and we are taxed pretty high for all else, except no tax on clothes, yet. But I bet that will be coming, LOL.

 

[John park hopper]

Your property taxes are comparable to ours in N. Minnesota. We have 5 acres, 1800 sq. foot house, large work shop, 2 sheds and mostly heavily forested. Our taxes actually went down this year to 1500, which I thought was outrageous. We don't have the senior citizen discount up here, and we are taxed pretty high for all else, except no tax on clothes, yet. But I bet that will be coming, LOL.e

SC state income tax seniors get a break, tax on food by the state is zero but counties can impose a nominal tax

 

[Minnesota disney fan]

SC state income tax seniors get a break, tax on food by the state is zero but counties can impose a nominal tax

Sounds great! I visited the Charleston area, staying the Isle of Palms, on a "girl trip" a while ago. I absolutely loved that area, and could easily see living there. There is so much history and beauty to take in. Why do we livein the frozen North? 2 grown "kids", their spouses, and 6 grandchildren and 2 great grandsons! That's the glue that's keeping us here

 

[Lilofan]

Your property taxes are comparable to ours in N. Minnesota. We have 5 acres, 1800 sq. foot house, large work shop, 2 sheds and mostly heavily forested. Our taxes actually went down this year to 1500, which I thought was outrageous. We don't have the senior citizen discount up here, and we are taxed pretty high for all else, except no tax on clothes, yet. But I bet that will be coming, LOL.

I’d be more concerned on high heating costs since MN winters are unforgivable. My cousin went to school in upstate NY “ below the the snow belt “. I have no idea what that means since he gets a lot of snow.

 

[John park hopper]

Sounds great! I visited the Charleston area, staying the Isle of Palms, on a "girl trip" a while ago. I absolutely loved that area, and could easily see living there. There is so much history and beauty to take in. Why do we livein the frozen North? 2 grown "kids", their spouses, and 6 grandchildren and 2 great grandsons! That's the glue that's keeping us here

I understand completely we have 2 sons that live in Gulf breeze FL wife is always saying when are we moving tell her you will have to wait until I'm dead

 

[JMcMahonEsq]

There’s a good myth too.

Where in Pennsylvania is it cheaper? The 9 counties with people in them? Of the 58 with only deer?

We’re spinning all the hits here.

You seem to have myth and facts confused. When we were drafting the dedicated gas tax in NJ for the Transportation Trust Fund, there were tons of IRS based studies to see where people were moving from NJ to, to track tax base losses. Sure you get your losses to Florida, but the state with the most NJ residents loss was PA. The the property tax rates are way lower. And that’s in all the counties. I’ll take a 4 acre plot in Bucks County vs being in a hole in Mercer or Middlesex. Also the retirement income tax exemptions and homesteading benifits are way better in PA (and FL for that matter.)

 

[The Mom]

Just a reminder -
2. Please do not attempt to circumvent the censoring options we have set up. Abbreviations or the use of symbols to mask inappropriate language is not permitted.