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06-07-2020, 07:58 AM
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#101
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Full time employment: Posting here.
Join Date: Oct 2018
Posts: 530
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Actually this thread is very helpful for comparison . What it tells me is now that my house is paid for a LCOL or MCOL location will not necessarily decrease what I spend on taxes and insurance. So unless I need access to the large equity in my home there is no point in selling and moving to parts unknown.
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06-07-2020, 12:22 PM
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#102
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Recycles dryer sheets
Join Date: Mar 2011
Location: Western Georgia
Posts: 247
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Quote:
Originally Posted by Sunset
+1
Example our property taxes are roughly $5,000 per yr. as we live in IL.
If we move to TN the same house would be approximately $1,000 in property tax.
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+2
Housing costs depends on where you choose to live in retirement.
__________________
Hard to say what it was, when it isn't.
FIRED in 2005 @ 55
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06-07-2020, 12:45 PM
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#103
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Thinks s/he gets paid by the post
Join Date: Jan 2016
Posts: 1,234
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Retirement house is paid for. Was brand new at $274, 400. Just moved in February of this year.
Pay $415 per month in real estate taxes and HOA is $150 per month. Homeowners insurance is $42 per month. (does not include umbrella insurance which is $26 per month).
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06-09-2020, 05:23 PM
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#104
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Dryer sheet wannabe
Join Date: Apr 2013
Posts: 15
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No mortgage, HCOL area.
Prop tax: $15,000/yr
Insurance: $1,000/yr
HOA: $2,400/yr
$1,533/month
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06-11-2020, 03:58 AM
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#105
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Recycles dryer sheets
Join Date: Jun 2008
Location: Austin
Posts: 71
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Quote:
Originally Posted by cyber888
If you paid off your mortgage, you still have to pay for 1) realty taxes + 2) home insurance + 3) HOA for some. If you exclude your electric/gas/water bill, how much do you pay for very basic housing cost?
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Austin, TX condo
$550 property tax
$20 insurance
$360 HOA
$930/month, $11,160/year
__________________
The church is near, but the road is icy. The bar is far, but I will walk carefully.
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06-11-2020, 06:23 AM
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#106
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Thinks s/he gets paid by the post
Join Date: Dec 2015
Location: Michigan
Posts: 4,962
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Tax, Insur, Hoa about $410/mo.
__________________
"The mountains are calling, and I must go." John Muir
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