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To: Sleeping Beauty

Down here in FL I can tell you what wrecked it. Exorbant homeowner’s insurance. Why sell your NY house to retire “cheaply” when your house insurance is $4000 a year for a very small house with no flood insurance?


10 posted on 05/12/2007 10:31:15 AM PDT by I still care ("Remember... for it is the doom of men that they forget" - Merlin, from Excalibur)
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To: I still care
While insurance is one factor, the other has been local government greed. They were very quick to reappraise houses at the inflated market price before the bubble burst. That along with every other scrap of garbage they could think of to increase the property tax burden has resulted in a doubling of the property tax in our area.

I am trying to get out of Florida and I can't even get a showing on my home. There are 44,880 pre-existing homes on the market right now, and builders keep churning them out. Almost 9000 new homes (by builders) are currently on the market, on top of the pre-existing homes.

I wish I were a buyer right now instead of a seller! It is quite the time to be in the drivers seat if you want to buy a home...

23 posted on 05/12/2007 10:59:11 AM PDT by Dubh_Ghlase
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