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Good morning! Literaly woke up to a phone call this morning that hubby is getting transfered for a stint at the Crystal River 3 power plant for 36 months. Currently reside in Maryland. Will comb through this forum at a later time to read all the (assumably) informative posts about living in/near/around Tampa but my immediate question is. . .
what is the real estate market like in Tampa (yo, realtors, message me if you want to be on the short list that we contact to help us out) AND
we are not living near the plant - obviously. I understand Tampa is about 70 miles south. what is in between Tampa and Crystal River area that would make for good living?
I think the plant is a little further than 70 miles from Tampa. It takes me 1:45 to get to the Tampa City limits from Inverness. You may want to consider the finer areas of Citrus or Marion Counties IMO.
Crystal river power plant to downtown Tampa is a 88 mile commute one way add commuting everyday in rush hour traffic you might want to consider moving a bit closer to Crystal River like maybe Crystal river itself.. http://maps.google.ca/maps?saddr=I-2...&sz=14&t=m&z=9
Whats in-between the two?A whole lot of housing sub divisions with the ubiquitous single story 3br house with 2 car garage.
I don't understand this statement. Why wouldn't you want to live near where he will be working?
I am sure that there a number of decent rental communities, including waterfront, that are in close proximity to the plant. Many, many people work there and/or provide benefits to the employees of the plant.
Besides the folly of buying a house and then trying to resell it 36 months later (a homeowner's nightmare and a real estate agent's dream), the other issue that you may not understand is there may be NO buyers three years hence. There is a decent probability that Crystal River 3 is prematurely shut down due to its current engineering issues. I am sure that your husband is aware of this (it may be the reason he is being hired). In the event that CR3 does take that route, you ABSOLUTELY DO NOT WANT TO OWN any property within a long way from there, as real estate prices will literally go to zero (or the value of the undeveloped land in Citrus County). Besides the bulk of the employment in Crystal River and the surrounding areas, CR3 also provides a monstrous amount of the taxes and infrastructure support in Citrus County and almost 100% of the property taxes in the town of Crystal River. Imagine that scenario if you will.
I can point you to many instances where homeowners lost almost all the value in their houses and the region became a ghost town when the only large employer in town shut down or left. You don't want to be holding the hot potato when the music stops.
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Originally Posted by chi_tino
I don't understand this statement. Why wouldn't you want to live near where he will be working?
I am sure that there a number of decent rental communities, including waterfront, that are in close proximity to the plant. Many, many people work there and/or provide benefits to the employees of the plant.
Besides the folly of buying a house and then trying to resell it 36 months later (a homeowner's nightmare and a real estate agent's dream), the other issue that you may not understand is there may be NO buyers three years hence. There is a decent probability that Crystal River 3 is prematurely shut down due to its current engineering issues. I am sure that your husband is aware of this (it may be the reason he is being hired). In the event that CR3 does take that route, you ABSOLUTELY DO NOT WANT TO OWN any property within a long way from there, as real estate prices will literally go to zero (or the value of the undeveloped land in Citrus County). Besides the bulk of the employment in Crystal River and the surrounding areas, CR3 also provides a monstrous amount of the taxes and infrastructure support in Citrus County and almost 100% of the property taxes in the town of Crystal River. Imagine that scenario if you will.
I can point you to many instances where homeowners lost almost all the value in their houses and the region became a ghost town when the only large employer in town shut down or left. You don't want to be holding the hot potato when the music stops.
this ^^^^ is how I feel about the town we live in and yeah im gone in 8 months when our lease is up . Praise God im leaving this town that was built around one industry and now that industry is shuting down and gone forever . I will be looking forward to that southbound road im taking . Not to florida but the person who posted this is completely right on and I know I ve been there where one industry takes over it all and when they leave you are left with nothing .Listen to your gut and what your gut tells and get out when you can .
Tampa is way too far to commute. Crystal Springs and Homosassa Springs have schools systems both rated 8 ( out of 10) on the great schools website. They are by far the best in the Crystal River area.
Please take the previous suggestion by another poster. Don't buy-- rent. You're not going to be there long to wait for the market in that area to recover ( if it ever does). Buying is going to be throwing money and possibly your credit rating away if you have to try to short sell when your husband's transfer period is up.
Location: Not the end of the Earth, but I can see it from here
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Not a realistic commute by any stretch of the imagination.
In-laws lived in Crystal River within sight of the plant in the early 90s until we convinced them to move away. At the time the place was so badly managed it was a disaster waiting to happen.
I don't understand this statement. Why wouldn't you want to live near where he will be working?
I am sure that there a number of decent rental communities, including waterfront, that are in close proximity to the plant. Many, many people work there and/or provide benefits to the employees of the plant.
Besides the folly of buying a house and then trying to resell it 36 months later (a homeowner's nightmare and a real estate agent's dream), the other issue that you may not understand is there may be NO buyers three years hence. There is a decent probability that Crystal River 3 is prematurely shut down due to its current engineering issues. I am sure that your husband is aware of this (it may be the reason he is being hired). In the event that CR3 does take that route, you ABSOLUTELY DO NOT WANT TO OWN any property within a long way from there, as real estate prices will literally go to zero (or the value of the undeveloped land in Citrus County). Besides the bulk of the employment in Crystal River and the surrounding areas, CR3 also provides a monstrous amount of the taxes and infrastructure support in Citrus County and almost 100% of the property taxes in the town of Crystal River. Imagine that scenario if you will.
I can point you to many instances where homeowners lost almost all the value in their houses and the region became a ghost town when the only large employer in town shut down or left. You don't want to be holding the hot potato when the music stops.
I prefer not to imagine that scenario at all. The nuke plant is not the largest employer in Citrus County.
I prefer not to imagine that scenario at all. The nuke plant is not the largest employer in Citrus County.
I didn't say it was a certainty, but of the 100+ nuclear plants in the US, CR3 is currently the most likely to be shut down within 5 years.
Direct and indirect employment by Progress Energy is most certainly the largest employer in the County. Not everyone who serves the facilities is a Progress employee, but there are many thousands of local residents that have jobs due to the existence of the plant.
Please go back and re-read what I stated. Progress Energy is, by far, the largest contributor to the county's tax base and infrastructure support. In fact, when the nuclear plant was added to the coal plant in the 1970's, the county's property tax revenues at the time DOUBLED.
I am sure that the Citrus County School system or some other supporting infrastructure organizations (hospitals, fire departments, police, etc) have a lot of employees, too, but local goverrnment and non-profit organizations do not pay taxes.
You may not also be aware that nuclear utilities make extremely large payments to these organizations annually for the support that they require. For example, there are a huge amount of assets in the community (fire, medical, police, etc) dedicated for emergencies that may arise at Progress facilities. If the plants go away, the assets and the employees needed to operate them go away.
When a large auto plant or steel mill in a small town shutters, do you think that the local school, hospital, fire and police departments keep running like nothing happened? I think not.
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