U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Connecticut
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 12-31-2012, 08:19 PM
 
Location: New England
935 posts, read 1,396,995 times
Reputation: 698

Advertisements

HI All,

For the last 5 or more years, we have been thinking of moving South, mainly because we believe we can buy a bigger house for less money. But lately, I have been thinking, we not just stay in CT, and try to buy a bigger and newer house (our house was built around 1947). , instead of moving my business, and basically starting over in FL, TX, NC, SC, or the GA coast.

Also, maybe we can get a good deal if we buy a house in pre-forclosure or forclosed? Of course, some of the states I mentioned don't have a State Income Tax.

So, just curious what the rest of the posters think, is it worth it to move South just for a bigger and newer house?
Reply With Quote Quick reply to this message

 
Old 12-31-2012, 08:59 PM
 
9,414 posts, read 8,484,162 times
Reputation: 5554
Quote:
Originally Posted by blakesq View Post
HI All,

For the last 5 or more years, we have been thinking of moving South, mainly because we believe we can buy a bigger house for less money. But lately, I have been thinking, we not just stay in CT, and try to buy a bigger and newer house (our house was built around 1947). , instead of moving my business, and basically starting over in FL, TX, NC, SC, or the GA coast.

Also, maybe we can get a good deal if we buy a house in pre-forclosure or forclosed? Of course, some of the states I mentioned don't have a State Income Tax.

So, just curious what the rest of the posters think, is it worth it to move South just for a bigger and newer house?
Moved south 5 years ago...hated it. Moved back. Its definitely cheaper down there but....
Reply With Quote Quick reply to this message
 
Old 12-31-2012, 09:14 PM
 
Location: Austin, TX
83 posts, read 158,164 times
Reputation: 63
I moved from CT to TX in May and couldn't be happier.
Reply With Quote Quick reply to this message
 
Old 12-31-2012, 09:21 PM
 
Location: CT
1,933 posts, read 3,182,367 times
Reputation: 1419
You're an attorney, right? If you're an IP guy, this region is a good place to be for aero or med device. Research Triangle (NC) would hold many opportunities for an IP guy with med devices. It's a tough choice, but if you have the type of experience/expertise that can be portable, i might just move south...
Reply With Quote Quick reply to this message
 
Old 12-31-2012, 09:45 PM
 
Location: Coastal Connecticut
14,799 posts, read 18,044,388 times
Reputation: 3368
I seem to remember you living in Milford? Yes, it's quite a bit more expensive, but you will be hard pressed to find as good of a place to live down south with as high wages and strong economy - though some great places do exist. Maybe consider a cheaper place in CT? Eastern shoreline? Lower CT River valley?
Reply With Quote Quick reply to this message
 
Old 12-31-2012, 09:47 PM
 
Location: IN
20,237 posts, read 34,603,068 times
Reputation: 12580
Agreed on the Research Triangle suggestion. Wake County has a very high quality of life with high educational attainment, solid job growth, higher incomes, etc with a lower cost of living. The downside is it has a LOT of growth.
Reply With Quote Quick reply to this message
 
Old 01-01-2013, 09:03 AM
 
Location: New England
935 posts, read 1,396,995 times
Reputation: 698
thanks for the replies. one issue is my wife wants to be near the ocean. thus, we would/not move to Raleigh, but would consider Wilmington, NC. some towns we are considering are: charleston, Wilmington, NC, Sarasota, Savannah, and Austin. or stay here in Milford.
Reply With Quote Quick reply to this message
 
Old 01-01-2013, 09:31 AM
 
Location: Near the Coast SWCT
65,288 posts, read 47,596,717 times
Reputation: 10560
Quote:
Originally Posted by blakesq View Post
Move South, or work harder?


How about move North and breath better?

Homes, money, and work are not as important to me as health. And we all know the air is cleaner in North Country. I think you have to ask yourself 2 things...

1. Will work always be available here to support the lifestyle
2. Do you like it here enough to work harder

If the answer is yes to both, then I say stay. If there's a No in there, then I say move.
Reply With Quote Quick reply to this message
 
Old 01-01-2013, 09:32 AM
 
Location: Farmington Valley, CT
502 posts, read 1,178,605 times
Reputation: 331
Quote:
Originally Posted by blakesq View Post
is it worth it to move South just for a bigger and newer house?
No.
Reply With Quote Quick reply to this message
 
Old 01-01-2013, 09:33 AM
 
4,787 posts, read 8,804,826 times
Reputation: 12592
Austin is a not near the water. In fact, it's about the same distance to the water as Raleigh-Durham or Charlotte. Charleston is very expensive. To live in a good area of Charleston itself, you may not be able to get the home you want. Sarasota doesn't have the level of economic growth of the Research Triangle. Unless you're geared to the hospital/ health industry, jobs prospects may not be great.

A lot is going to depend on what you're looking for a in a home. If you're in, say a raised ranch, etc. in Milford now , in the under $ 300,000 price range, it's going to be hard to make the step toward a larger colonial. Going out toward Clinton, Old Saybrook, etc, won't get you that newer colonial unless you get over $ 350,00-$375,000. You could find in the exact $ 300,000 range out toward Montville in eastern CT. But would you want to move out that way?

Yes, you could try looking at foreclosures and short sales, but then again, no one is giving away $ 450,000 colonials, that are newer and in great condition for $ 250,000. Doesn't hurt to try though.

Moving south in many instances will get you that bigger, newer home, but for job reasons, you've got to go where the jobs are growing, where you can find a secure job and where income is going to make it worthwhile. You might get a bigger home, but if you've got to carry the same amount of mortgage on 50-75% of a CT salary, then what are you gaining ? You'll save on property tax, but food, clothing, insurances are not going to be much different. The move South needs to be income dependent and that may be to places that are not on the water.

Tough decisions. I can see why it's taking you years to decide. Good luck
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:


Options
X
Data:
Loading data...
Based on 2000-2016 data
Loading data...

123
Hide US histogram

Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > Connecticut
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top