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Old 11-29-2011, 01:23 PM
Location: Earth Wanderer, longing for the stars.
12,408 posts, read 16,490,329 times
Reputation: 8778


Originally Posted by NHartphotog View Post
My parents never left their high-cost area in southern NH. They lived much more poorly than they could have in another location, because it costs so very much just to live here. Property taxes are insane, heating bills very expensive, hiring any sort of help is out of this world costly, and all utilities are very expensive. Once they retired, they could have moved out of this area to a place with much less employment, but they did not. Instead, they lived hand to mouth until my mom passed and my Dad needed assistance.

So I moved back to southern NH to take care of my elderly Dad. This happened right before the housing collapse, so we made the mistake of buying our own house, thinking we'd sell it when he passed on.

Three years later, my Dad passed on. The housing collapse was now total, and it was impossible to sell our house in Exeter, which we bought because we thought the school system would make it easy to sell. Unfortunately, all the school system did was make Exeter's tax rates so extreme (even for Rockingham County, the highest property-taxed county in the 2nd highest property-taxed state) that even the most liberal will avoid it.

Since my parents had been so poor, my Dad's house had over 50 years of deferred maintenance. I had the choice of letting the Town of Hampton take it for property taxes, or trying to renovate it in the hopes I could rent it. The rental agents assured me I would have no trouble renting it, so we decided to invest our life's savings and try to turn this property into at least a self-sufficient one. This past summer was the first it was available for renting, and since then it has not rented for a single day. Worse, after meeting with the CPA and realizing we had some bad misconceptions on rental tax deductions, we are not eligible for ANY tax deduction for all the money we sunk into the property.

So, long story short, my husband and I had been pretty financially successful, until we needed to come back her and take care of the last of my family. These last years pretty much wiped us out, and the future holds little hope of any improvement. I guess we'll be supporting two houses in one of the most costly areas in the nation, until we lose everything. We don't even get a tiny tax break for the situation that is bankrupting us.

Do NOT wipe out your children's potential financial stability by staying in an area of high cost of living. Get out ASAP, and they'll probably end up moving to the new, better area eventually anyway. It's not like these high-expense areas offer JOBS anymore to offset their devastating financial drains.
My sympathies for your horrid situation. It seems as though that realtor was either lying, in the hopes for future business, or just plain stupid. In some states it does not take a lot of brains to sell real estate, unfortunately..
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Old 11-30-2011, 02:19 PM
Location: Ponte Vedra Beach FL
14,628 posts, read 17,945,286 times
Reputation: 6717
Originally Posted by goldengrain View Post
Yes. I saw an old (April, from years ago, I believe) issue of Kiplingers which indicated Delaware the best (money-wise)state for seniors. If I remember correctly there are three counties. The bottom two have the most favorable tax picture.

The STAR program of New York state is great, but you really have to dig to get information on it. I think there is a great deal on property taxes, but you must be a resident for a certain number of years. Make sure you know the situation you have there before you move.

We had been thinking, once, of a middle class college town that is near good hospitals, like Ithica.
Just FWIW - Ithaca New York doesn't have a university hospital (except for animals at the Cornell Vet School ). Cornell Medical School is in NYC. Robyn
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Old 12-02-2011, 01:57 PM
Location: Oxygen Ln. AZ
9,321 posts, read 16,589,201 times
Reputation: 5692
Right now we live close to all three of our children. Our son is soon to go into the air force and move who knows where, our oldest daughter and husband will be going to WA state in the next few years and our middle daughter's husband has a potential job opportunity in Colorado. So, I am saying, you go where you can enjoy your life the way in which you want. When we are very, very old and can no longer take care of ourselves, we are certain we will see the kids again and be close to one of them.
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