You sound like a real MAGA guy :-)
I just hope they don’t try to make it up in property taxes.
Our little home in Il (1700 sq ft) already has a tax bill of 2700.00/yr
We just bought it a few months ago, it was a HUD repo and we just paid 50,000 for it...so 2700.00/yr is mighty steep.
Great area here in Marion and we are friends with all our neighbors so I guess we will stay...although we are looking at homes in Panama City FL thinking about having a place to go to in winter.
Hope your SIU pension comes through for you.
“we just paid 50,000 for it...so 2700.00/yr is mighty steep.”
If the taxes increase to $3,700 per year what will you be able to sell it for? $4,700 per year? See the problem?
Do you think you could rebuild the house for $50,000? If not if it burns down you wouldn’t rebuild it. It becomes difficult for builders to justify building new houses.
Another way of looking at it is you are paying 5.4% per year for your house excluding insurance and upkeep. That is higher than interest. You really don’t own your home.
I would consider moving back to Illinois to enjoy the warmer weather, but not while the current out of control tax and spend regime is in charge.