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

[Anonymous]

There are plenty of cheap homes in the Villages

[Anonymous]

Anonymous wrote:

Anonymous wrote:What is wrong with this place in Jupiter as a retirement condo? Its $700k. Well under $2m.

https://redf.in/nupu0l

$2,182 per month to live in a crappy 70s condo, there that's even worst than a house!

Property taxes $275
HOA dues $1,441
Homeowners insurance $467

Seriously, feed me to the alligators before you leave me to "retire" in that hellhole.

Also, factor in that the homeowners insurance is going to triple in the next couple of years, if you can even get it. If not, the next hurricane that comes through will leave with nothing. Don't think the government will bail you out. That's not for people like you anymore.

[Anonymous]

Plenty of cities like St Petersburg have nice homes much cheaper than $1 million and no homeowners association. They are not waterfront and don't flood. Not even last year. Elevation matters.
The McMansions can run more and not be so flood resistant. People who retire downsize.

[Anonymous]

Anonymous wrote:

Anonymous wrote:There is no income tax in Florida.

Retirees don't have earned income.

SS and Pension are taxable.

[Anonymous]

Covid-19 happened people started working from home and all the sunbelt real estate became east coast and west coast prices.
Smart money is moving overseas.

[Anonymous]

Anonymous wrote:

Anonymous wrote:What is wrong with this place in Jupiter as a retirement condo? Its $700k. Well under $2m.

https://redf.in/nupu0l

$2,182 per month to live in a crappy 70s condo, there that's even worst than a house!

Property taxes $275
HOA dues $1,441
Homeowners insurance $467

It's on the water in a very nice town.... Has water views from the condo. Resort like vibes. Can see a well-off retiree buying this place for cash and using it for four-five months a year. $26k for a fun place to live for the winter seems like a reasonable deal if you have a comfortable six figure retirement income. Which many do!

By the way, I live in Baltimore and there's condo complexes here with $1500 HOAs for a basic 2-bed. Nice area, so you're either unrealistic about actual costs in nice areas anywhere in the country or have a very cheap mindset. Here's an example: https://www.compass.com/listing/4100-north-charles-street-unit-803-baltimore-md-21218/1866754064742193593/

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What is wrong with this place in Jupiter as a retirement condo? Its $700k. Well under $2m.

https://redf.in/nupu0l

$2,182 per month to live in a crappy 70s condo, there that's even worst than a house!

Property taxes $275
HOA dues $1,441
Homeowners insurance $467

It's on the water in a very nice town.... Has water views from the condo. Resort like vibes. Can see a well-off retiree buying this place for cash and using it for four-five months a year. $26k for a fun place to live for the winter seems like a reasonable deal if you have a comfortable six figure retirement income. Which many do!

By the way, I live in Baltimore and there's condo complexes here with $1500 HOAs for a basic 2-bed. Nice area, so you're either unrealistic about actual costs in nice areas anywhere in the country or have a very cheap mindset. Here's an example: https://www.compass.com/listing/4100-north-charles-street-unit-803-baltimore-md-21218/1866754064742193593/

Yeah but you how bawlmer aren’t uninsurable shitboxes filled with MAGA nuts directly in the path of like eight hurricanes this year.

[Anonymous]

Check into the Villages.

[Anonymous]

Florida is losing population. Prices are failing. Wait, wait and look elsewhere.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What is wrong with this place in Jupiter as a retirement condo? Its $700k. Well under $2m.

https://redf.in/nupu0l

$2,182 per month to live in a crappy 70s condo, there that's even worst than a house!

Property taxes $275
HOA dues $1,441
Homeowners insurance $467

It's on the water in a very nice town.... Has water views from the condo. Resort like vibes. Can see a well-off retiree buying this place for cash and using it for four-five months a year. $26k for a fun place to live for the winter seems like a reasonable deal if you have a comfortable six figure retirement income. Which many do!

By the way, I live in Baltimore and there's condo complexes here with $1500 HOAs for a basic 2-bed. Nice area, so you're either unrealistic about actual costs in nice areas anywhere in the country or have a very cheap mindset. Here's an example: https://www.compass.com/listing/4100-north-charles-street-unit-803-baltimore-md-21218/1866754064742193593/

Yeah but you how bawlmer aren’t uninsurable shitboxes filled with MAGA nuts directly in the path of like eight hurricanes this year.

What's the point of posting when you clearly have an axe to grind that no one takes you seriously? And plenty of people in Baltimore have second homes in Florida or go to Florida all the time. A certain former Maryland Democratic State's Attorney got into a bit of trouble over fudging with mortgages on her Florida condos.

[Anonymous]

Tampa native here. Plenty of cheaper housing if you aren’t focused on just one part of the state (west coast is the best coast anyway).

Here’s a new build in St Pete, not in a flood zone, has a pool, no HOA, $1.15, taxes $10k per year.

https://redf.in/Sc4QkI

I clicked on this at random. I’m sure there are plenty more examples.

[Anonymous]

Anonymous wrote:

Anonymous wrote:OP searches in areas that are among the most expensive in the entire state and declares the entire state unaffordable.

I’m not OP but is Orlando really one of the most expensive areas? I can’t really see the attraction of living there unless you work in the tourism industry. (I guess a lot of retirees do work part time at disney for the employee discount so maybe that drives up home prices.). Anyway I think the answers are — because no income tax people just divert money to real estate and with recent spikes in insurance costs the property market is coming a little unhinged.

For Orlando specifically, like other major tourist destinations, I would guess it’s the popularity of Airbnb/VRBos driving real estate prices way up. Not retirees in search of employee discounts at Disney!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:What is wrong with this place in Jupiter as a retirement condo? Its $700k. Well under $2m.

https://redf.in/nupu0l

$2,182 per month to live in a crappy 70s condo, there that's even worst than a house!

Property taxes $275
HOA dues $1,441
Homeowners insurance $467

It's on the water in a very nice town.... Has water views from the condo. Resort like vibes. Can see a well-off retiree buying this place for cash and using it for four-five months a year. $26k for a fun place to live for the winter seems like a reasonable deal if you have a comfortable six figure retirement income. Which many do!

By the way, I live in Baltimore and there's condo complexes here with $1500 HOAs for a basic 2-bed. Nice area, so you're either unrealistic about actual costs in nice areas anywhere in the country or have a very cheap mindset. Here's an example: https://www.compass.com/listing/4100-north-charles-street-unit-803-baltimore-md-21218/1866754064742193593/

Yeah but you how bawlmer aren’t uninsurable shitboxes filled with MAGA nuts directly in the path of like eight hurricanes this year.

What's the point of posting when you clearly have an axe to grind that no one takes you seriously? And plenty of people in Baltimore have second homes in Florida or go to Florida all the time. A certain former Maryland Democratic State's Attorney got into a bit of trouble over fudging with mortgages on her Florida condos.

I’m not the one with the vendetta - it’s god and his hurricanes.

[Anonymous]

$3,000 sounds pretty inexpensive for a $1.5 mm house, which would be more expensive somewhere else.

Your flaw is that you’re not recognizing the high property taxes in other states.

A $1.5 mm house in NJ comes with $5k of carrying costs a month plus another five digits of state taxes.

Your average retired couple who moves to Florida and buys a nice home can save $30-75k a year in taxes.

[Anonymous]

DC isn’t that expensive in terms of housing. It just has high average costs with the government salaries and decent earning jobs.

Someone purchasing a $1.5 million home in Florida can afford a $5 mm house somewhere else.