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Old 08-05-2013, 01:18 AM   #61
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Join Date: Jul 2008
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Originally Posted by Rich View Post
... We rent our place in AZ, a full-size home. Got lucky with this one as it was fresh on the market (VRBO) and we were one of the initial renters. We have full use of the home for a cost of $10K a year, which includes all utilities, insurances, water, computer, whatever...
That's a lot less than just the opportunity cost of my 2nd home, before I add taxes, insurance, utilities, and maintenance. Gripes!

Of course I would not be complaining if the home appreciated in value, but it has not. Good thing I told my wife and myself to consider it a consumption and not an investment.

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Old 08-05-2013, 04:47 AM   #62
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Join Date: Sep 2006
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Originally Posted by Jack_Pine View Post
- What tare the requirements for residency? We would like fl. but will only be there 4 months out of the year.

- How does this effect where you buy heal;th insurance (I will have to buy for 5 years)

- How do you handle mail?

- Do you have a house sitter for both places?

- I there an issue with insuring an empty house? (we have heard opinions both ways.............................
You can use St. Brendans Isle in Florida as a mail box service, then have mail forwarded as necessary, they will also scan the mail so you can read it online. Wherever you get your drivers license, register to vote will be considered your primary residence, St. Brendans Isle is my residence, I use the address they provide (its not a mailbox, regular street/Apartment type) to register to vote, taxes, DL, etc
If you are going to leave a house sit empty, make sure the water is shut off. If you have some you trust live in the house, at least problems like a leaking roof, etc can be handled before it escalates into a major disaster.

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