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

Forum Index » Real Estate

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

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=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. [/quote]

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.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics