| | | The disadvantages of RE are:
1. Not portable. If there is a problem, you must leave it behind, provided you can leave.
2. Very, very taxable.
I now live in Colorado. Current RE tax on roughly 4k sq ft on several acres, $1900, expect to go to $24 - 2500 next year with rise in prop values. Not good.
--but--
compare to our old home in Davie, FL (west Ft. Lauderdale, for those not familiar with Broward County), current tax (on a smaller home, and a smaller lot (but on a small lake)):
2014 property taxes (per Zillow) $9771. Yikes!
Now, add in insurance for hurricanes from fly by night unknown company "a" or "b" for how much (just guessing $2 - $4 grand...) and your talking about renting your paid off home from the county and the insurance company for over $1000/month.
This appears to be a self limiting ceiling on how high someone might want to go for the privilege of paying taxes and insurance ... never mind maintenance, the homeowners association, lawn care, etc.
Meantime last I recon, West Broward was roughly 7 ft above sea level, what's the future in that? |
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