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Reply to "Retirement in Florida...recommendations"
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[quote=Anonymous]I live on the beach in Florida. Don’t buy here if you have young kids not even in school yet and you’re only talking about a few weeks vacation a year. That plan doesn’t make any financial sense unless you rent it out for the rest of the year, but if you’re taking all the good vacation times, your ability to rent it out will be limited. And even if you an rent it out, having a place in Florida is sooooo annoying and high maintenance. The ac will break at least once a year, you’ll have roof leaks and other water intrusion, and have to worry every time there’s a hurricane or tropical storm and you’re not physically here.... and places I’m Florida are not good real estate investments, so you try and sell 15 years later and it could easily be worth less than what you paid for it. If you were coming for four months, it makes sense to buy, otherwise just rent. That also allows you to try out some areas. [/quote]
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