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Old 04-27-2011, 12:17 PM
 
Location: Myrtle Beach
3,381 posts, read 9,128,667 times
Reputation: 2949

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Quote:
Originally Posted by chi_tino View Post
This is what you can get now for a few hundred grand in a foreclosure purchase. That's a third of an acre lot on Tampa Bay, btw. I don't care about the economy "collapsing", like you claim, because that just means my expenses fall further. That's why I moved here from a big city up north. I am living like a king at about 1/3 of my previous cost of living expenses.

I'm still confused why someone would advocate paying MORE for their necessary expenses, but I'm sure you have your reasons.
Insurance on that place would be a killer.
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Old 04-27-2011, 01:54 PM
 
1,106 posts, read 2,284,997 times
Reputation: 962
Quote:
Originally Posted by newyorker24 View Post
And now the economy collapsing is a good thing because you can buy everything for less? You really need a reality check. You are probably retired, which means you don't care about jobs, and you don't care about how things will be 20 years from now. Like I stated in a previous post- selfish.
If having a higher standard of living is selfish, then sign me up. I hope that prices continue to fall for the next 20 years, because by then I will have the opportunity to buy at least one of my neighbor's houses.

FloridaKash, don't stop looking. A house on my street with a Tampa Bay view with a quarter-acre lot just sold for $208k. Empty lots on my street at the market peak were being offered for almost a million.

As for the insurance, between the heavily subsidized Federal Flood Insurance program and the discounted rates from Citizen's, the cost is surprisingly not bad.
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Old 04-27-2011, 03:07 PM
 
2,729 posts, read 5,206,610 times
Reputation: 2357
Quote:
Originally Posted by chi_tino View Post
If having a higher standard of living is selfish, then sign me up. I hope that prices continue to fall for the next 20 years, because by then I will have the opportunity to buy at least one of my neighbor's houses.

FloridaKash, don't stop looking. A house on my street with a Tampa Bay view with a quarter-acre lot just sold for $208k. Empty lots on my street at the market peak were being offered for almost a million.

As for the insurance, between the heavily subsidized Federal Flood Insurance program and the discounted rates from Citizen's, the cost is surprisingly not bad.
If that's true, just for the sake of argument, I don't think you would want to buy more houses in your neighborhood. It will be crack house on both side of you , if you know what I mean.
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