Florida more expensive than Great Falls? I don't know how anyone plans to retire there

Anonymous
Are you really this dumb OB? How much do you think taxes on your great falls house are? I bet at least $25000 plus insurance and utilities and landscaping and pool maintenance it will cost you way more than $3000 for your paid off house in great falls.
Anonymous
What does Florida produce other than amusement parks and oranges? Decent climate but lots of mosquitos, bad heat, hurricanes.

You gotta produce something. It’s a huge bubble. Retirees can’t support the entire state — they don’t even work!
Anonymous
Anonymous wrote:What does Florida produce other than amusement parks and oranges? Decent climate but lots of mosquitos, bad heat, hurricanes.

You gotta produce something. It’s a huge bubble. Retirees can’t support the entire state — they don’t even work!


23.4M people in Florida, one of the fastest growing states, multiple big cities. Suspect they're not worried about your ignorance.
Anonymous
Are you really this dumb OB? How much do you think taxes on your great falls house are? I bet at least $25000 plus insurance and utilities and landscaping and pool maintenance it will cost you way more than $3000 for your paid off house in great falls.


I just clicked on a random house in Fort Lauderdale. It is listed at 2.8M and the taxes are 36,000. Clicked on a random 3M in Great Falls and the taxes are 29,000. So the property taxes are actually a bit higher in Fort Lauderdale at least. And how do you know the Great Falls person has a swimming pool? I know it's a must in Florida though. I don't think the OP is dumb.
Anonymous
Anonymous wrote:
Anonymous wrote:
Anonymous wrote:The very wealthy are buying up those expensive homes, including many wealthy foreigners.

The not so wealthy buy smaller condos, and they are also hurting due to the high insurance costs.


No smart money is going to florida.

Desantis has run it into the ground and the insurance situation is insane.


Dude, (or dudette, suspect latter) smart money has been flocking to Florida for ages due to the generous no state income tax and no inheritance tax. Much of rich NYC are officially residents of Florida. And DeSantis is pretty popular. Gets high marks for an efficient (perhaps breathtakingly efficient) administration. Suspect you know nothing about Florida, let alone even been to Florida.

Am amused at the comments on here. Plenty of houses in Florida across all price levels. $3k a months seems like reasonable carrying costs for a $1.5M+ house covering taxes and insurance. A lot of very expensive housing in the state and a lot of middle class housing and everything in between. Yes, if you're right on the coast it is more expensive but it's on the coast, ya know? Just like coastal property anywhere.


Desantis is popular with his constituents but he has run that place into the sodden ground.
Anonymous
Anonymous wrote:What does Florida produce other than amusement parks and oranges? Decent climate but lots of mosquitos, bad heat, hurricanes.

You gotta produce something. It’s a huge bubble. Retirees can’t support the entire state — they don’t even work!


And desantis has decided to take Walt Disney down a notch for being too woke.

What a moron.
Anonymous
Anonymous wrote:
Are you really this dumb OB? How much do you think taxes on your great falls house are? I bet at least $25000 plus insurance and utilities and landscaping and pool maintenance it will cost you way more than $3000 for your paid off house in great falls.


I just clicked on a random house in Fort Lauderdale. It is listed at 2.8M and the taxes are 36,000. Clicked on a random 3M in Great Falls and the taxes are 29,000. So the property taxes are actually a bit higher in Fort Lauderdale at least. And how do you know the Great Falls person has a swimming pool? I know it's a must in Florida though. I don't think the OP is dumb.


There is something called a “Homestead exemption“ that will decrease your tax burden quite significantly if your primary residence is located in Florida.
Anonymous
LOL Florida’s is not cheaper than great falls

I am multi generational Floridian

I can not wait for the next hurricane to destroy the state

Maga will have a fabulous time with no fema

Maga can not do math Florida is not cheaper than Great falls terminus alone will take care of that
Anonymous
I love Florida because it’s catnip to morons. Keep them all there and then I can avoid the entire state.
Anonymous
Anonymous wrote:
Anonymous wrote:The very wealthy are buying up those expensive homes, including many wealthy foreigners.

The not so wealthy buy smaller condos, and they are also hurting due to the high insurance costs.


No smart money is going to florida.

Desantis has run it into the ground and the insurance situation is insane.


+1
Anonymous
People move to places like the Villages, where there's no water view and no schools that need to be supported by taxes.
Anonymous
but self-insuring (or no insurance, no mortgage) any property is a real thing
Anonymous
Anonymous wrote:Are you really this dumb OB? How much do you think taxes on your great falls house are? I bet at least $25000 plus insurance and utilities and landscaping and pool maintenance it will cost you way more than $3000 for your paid off house in great falls.


You’re missing the broader point. There’s a long-standing perception that Florida is a place where you can retire comfortably on a fixed income, while areas like DC and Great Falls are meant for full-time working professionals who can handle higher costs.

Yes, living in Great Falls comes with high taxes, insurance, and maintenance but that’s expected in a high-earning, active career phase. The issue is that when you look at Florida now, it doesn’t seem to be all that affordable for retirement either. Between property insurance, taxes, and HOA fees, the monthly carrying costs can efficiently run several thousand dollars, even with no mortgage.

What’s interesting is that almost every property in Florida seems to have an HOA, and those fees have gone up quite a bit in recent years — and could keep rising. The same applies to property insurance, especially given the weather-related risks. To me, that’s a major financial risk for someone trying to live off a fixed retirement income.

So the question is, how are people managing that in retirement? Are they continuing to work? Tapping into more savings than expected? It really makes me wonder what the alternatives are now for people trying to retire without taking on that kind of monthly burden.
Anonymous
Anonymous wrote:
Are you really this dumb OB? How much do you think taxes on your great falls house are? I bet at least $25000 plus insurance and utilities and landscaping and pool maintenance it will cost you way more than $3000 for your paid off house in great falls.


I just clicked on a random house in Fort Lauderdale. It is listed at 2.8M and the taxes are 36,000. Clicked on a random 3M in Great Falls and the taxes are 29,000. So the property taxes are actually a bit higher in Fort Lauderdale at least. And how do you know the Great Falls person has a swimming pool? I know it's a must in Florida though. I don't think the OP is dumb.


Ok and to afford a $3M house in either location you probably have at least $500k in income so you are saving $30k in state income taxes.
Anonymous
Anonymous wrote:
Anonymous wrote:
Are you really this dumb OB? How much do you think taxes on your great falls house are? I bet at least $25000 plus insurance and utilities and landscaping and pool maintenance it will cost you way more than $3000 for your paid off house in great falls.


I just clicked on a random house in Fort Lauderdale. It is listed at 2.8M and the taxes are 36,000. Clicked on a random 3M in Great Falls and the taxes are 29,000. So the property taxes are actually a bit higher in Fort Lauderdale at least. And how do you know the Great Falls person has a swimming pool? I know it's a must in Florida though. I don't think the OP is dumb.


Ok and to afford a $3M house in either location you probably have at least $500k in income so you are saving $30k in state income taxes.


Lets say I want to stop working and retire, i won't have income , do i just save the extra 1m and plan to use it on taxes and hoa until i die? I
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