Want to come back to Florida...Where?

Prof said:
You are correct...our life time is not of concern for the rising water...but resale in 40 years may be tough if the levels are rising!

But...maybe there will be a solution by then...its a roll of the dice...

School quality is a huge issue in Florida. The schools have come a long way in the past 20 years but they still have a long way to go!

Schools have been my priority in looking. Damn I have been trying to find an image of the poster flurida educatun wurkd fer me

If the house is under water in 40...I'll go down with it like a boat captain :D
 
Chanel likes warm weather! :D :D :D

Just kidding... I always said you can have her back but it would definitely be tough. She has a personality for sure. Good luck house hunting!
 
We are planning on having a sunken living room in the future...and a mote around our place! Heck it might just be a wooden island and be more valuable...who knows what the future will bring...
 
EMT/SRT said:
Chanel likes warm weather! :D :D :D

Just kidding... I always said you can have her back but it would definitely be tough. She has a personality for sure. Good luck house hunting!

Couldnt do that to you Travis. I would love to see her again and I would take her if you had to find a home for her but she's your now and I cant thank you enough...Yah I like dogs that much
 
Prof said:
We are planning on having a sunken living room in the future...and a mote around our place! Heck it might just be a wooden island and be more valuable...who knows what the future will bring...

That's funny right there
 
Prof said:
We are planning on having a sunken living room in the future...and a mote around our place! Heck it might just be a wooden island and be more valuable...who knows what the future will bring...

Lay off the conservatives will yah :D
 
i would wait until the end of 2010 to purchase, next year will bring up to 30% additional savings, we are not yet at the bottom and fewer people are buying and the people up north are slowly realizing the manufacturing industry is finished for good.

my buddy just bought a (ultra high end) new construction house on the water from the bank for $00.35/dollar-took seven months to close.

canadians are buying because of the weak USD. 5 years ago the exchange rate was 40% today it is about 5%.
 
SinorSwim said:
i would wait until the end of 2010 to purchase, next year will bring up to 30% additional savings, we are not yet at the bottom and fewer people are buying and the people up north are slowly realizing the manufacturing industry is finished for good.

my buddy just bought a (ultra high end) new construction house on the water from the bank for $00.35/dollar-took seven months to close.

canadians are buying because of the weak USD. 5 years ago the exchange rate was 40% today it is about 5%.

Problem is I cant afford to live in the house in NY because there is no work. My job wont pay the taxes and put food on the table. The good news is the house is in one of 2 desirable locations up here and somehow there are always rich people in NY that will buy it. If I can sell I could buy in Florida for cash...which may or may not be a wise move and then start over in my career without struggling to put food on the table.

I was hoping more people would chime in on the best way to invest 200 to 250k in today's economy. I havent acted yet but the feeling I am getting is peoples lack of faith in the American dollar says the market may not be safe. I am far from educated in these areas and just assumed that if I could at least own a home that wouldnt depreciate over the next 20 years or so I would be happy. I loved living in Florida and the house I am eyeing I think I would enjoy without reservation for at least 20 years.

The other option is to pay down the mortgage on a house that in todays market I am upside down by about 20k. The house is in an area that will recover much slower in my opinion so I figured buy where I would be happy and try to rent the other and pay down the mortgage as I work and have it end up a rental property for income in future years.

Does this help everyone with where I am at and the help I need in my decision making process
 
james....i'm no financial guru...but if you had, say...200k to play with...if you're only out of the current fla house by 20k...it would seem to me to take 20k out of that chunk and sell it for as much as you can get...just to be clear of it...then, say put 50-75k down on the other (new) house...have a small(er) mortgage, put another 50 in the bank for just in case...and you'd still have 50k+ to work with?????

oh, and SC is where it's at, btw:D :D
 
viperhauler said:
james....i'm no financial guru...but if you had, say...200k to play with...if you're only out of the current fla house by 20k...it would seem to me to take 20k out of that chunk and sell it for as much as you can get...just to be clear of it...then, say put 50-75k down on the other (new) house...have a small(er) mortgage, put another 50 in the bank for just in case...and you'd still have 50k+ to work with?????

oh, and SC is where it's at, btw:D :D

You may be right
I need lots of input
 
Only problem I see is paying the mortgage on it while I wait for it to sell instead of having income from a renter
 
I have bought 2 places near Destin in the last 15 months. One for my own use and one to rent out.

In the market where I bought, prices bottomed out about 6 months ago and have been steady climbing back up (albeit slowly) for the last 6 months. There are also substantially fewer properties for sale now compared to 6 months ago. They are being snatched up by investors at an alarming rate. I paid about 1/4 of the price that the same properties sold for in 2006.:rock:


If I were in the OP shoes, I'd put a renter in your FL place and buy another one. A couple of years from now you can sell one or both and make very good money, IMO.
 
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ViperTruck2933 said:
I have bought 2 places near Destin in the last 15 months. One for my own use and one to rent out.

In the market where I bought, prices bottomed out about 6 months ago and have been steady climbing back up (albeit slowly) for the last 6 months. There are also substantially fewer properties for sale now compared to 6 months ago.

I paid about 1/4 the price that the properties sold for in 2006.:rock:


I'd put a renter in your FL place and buy another one. A couple of years from now you can sell one or both and make very good money, IMO.

That was my thought.
I dont think my house in Florida will ever see boom prices again but if they did I could have sold for 300000 in a day and should have
 
Right now properties in FL are selling for LESS than it costs to build them.

IMHO, prices will AT LEAST go back up to what it costs to buy the lot and build the house. They have to.
 
Demon 8 said:

Use this site... as most realtors here in the Melbourne area don't use realtor.com. ;)

http://www.brevardmls.com/brv/welcome.php

(once on the page, click on red "public site" button... go to "Residencial, Condo, Townhouse"... then fill in the information in the search fields.)

...... Look for Bergoon-Burger, Viera Builders, or Suncastle built homes. Salgar is a good builder too. Any of those houses built by these people around here sold for well over $400k a year ago.
 
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