Welcome to City-Data.com Forum!
U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > Michigan
 [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)
 
Old 08-29-2011, 02:52 PM
 
5 posts, read 10,977 times
Reputation: 10

Advertisements

We are moving to Michigan from California to be closer to our Grandsons and Daughter. We own our home here in California and want to keep it so we are going to lease it out. Does anyone know if we have to do anything special regarding property taxes, income tax, insurance etc? Since the home in Michigan will be our main residence will the one here in California then become a secondary residence? If so, what are the issues with that? Also, should we buy the home in Michigan outright or carry a mortgage? There are a lot of tax advantages to us moving to Michigan (1) they don't tax federal retirement income (2) homes are way less to buy (3) more for you money in general and the list goes on. Because we are retired we can travel during the winter months to get out of dodge when the weather is bad Thanks in advance for the advise if you offer any.
Reply With Quote Quick reply to this message

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:


Settings
X
Data:
Loading data...
Based on 2000-2020 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 > Michigan

All times are GMT -6. The time now is 05:18 AM.

© 2005-2024, Advameg, Inc. · Please obey Forum Rules · Terms of Use and Privacy Policy · Bug Bounty

City-Data.com - Contact Us - 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, 36, 37 - Top