The problem with this is you didnt take into account the monthly payment. Home prices mean nothing, its the payment.
The property owners get the money in a low interest rate economy
Well, let’s not say we are buying a house in Florida just yet.
This just started out as a curiosity but we really liked what we saw, at the same time we love our home and where we live but feel like the area has stagnated and ready for our next phase of our lives now that the kids are grown and have their own homes.
We are looking in Northeast Florida because it is only a 4 Hour drive from where we live now and Pretty easy drive for our adult kids.
We considered pretty much everything from Saint Augustine to the Georgia border along I 95.
We have pretty much settled on an area in extreme Northeast Florida toward Fernandina Beach/Amelia island area and Yulee.
We have the community picked out, well actually two communities, we keep going back-and-forth, we have homes picked out right down to the specific lot and are under construction, however the timing is not great, we have the holidays coming up and we’re big as a family on the holidays, it’s also difficult to get timing right with a new homebuilder when you move out of your existing home.
Throw in a little separation anxiety about moving and we’re not sure if we will or we wont but pretty sure within the next couple years we will.
At the same time we very well may call the builders agent in a day or two and tell them to send contracts! We have done a similar thing last month and chickened out/didn’t sign.
After seven weeks of contemplation we have pretty much settled on one community and one specific lot where a home is being built.
One of the uncomfortable feeling is our costs will be significantly higher than South Carolina not drastic but significant.
The property taxes, HOA fees, CDD fees really start to add up, yet the communities very nice.
If I still lived in New York they would seem cheap but after being spoiled in South Carolina for so long they seem just a little pricey meaning I’ll pay about double in fees and property taxes than I pay now maybe a little less than double but it’s significant.
Add in gas and good is more expensive too.
At the same time we love the area and places to dine as well as the stores and beaches.
One thing that does concern us is I doubt the boating will be as good as the boating in our 41 mile long lake here but willing to give that up as much as we like it.
As you can see this is not been an easy decision for my wife and I but really at the point if we decide to do a complete remodel of our existing home in South Carolina or just sell it at the top of the market and buy a brand new one in Florida, decisions decisions decisions and we have been driving ourselves nuts over it