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I went from paying $1300 month rent in Boston to $300 mort payment in Maine.
My mortgage, HIGH PROPERTY TAXES, homeowners insurance cost me 3k per month here on LI (That was with 90k down)
At retirement, I can sell my home here. Buy a house/condo cash in Maine. I’ll only have property taxes & homeowners insurance. Maybe $300-$700 per month +/-. Depending on my property taxes. Again, I can’t make the move until retirement.
Again, if I moved now, I would take a 20% locality pay cut. My wife would take about a 40% pay cut. That’s far more then my present monthly/annually mortgage payments.
My mortgage, HIGH PROPERTY TAXES, homeowners insurance cost me 3k per month here on LI (That was with 90k down)
At retirement, I can sell my home here. Buy a house/condo cash in Maine. I’ll only have property taxes & homeowners insurance. Maybe $300-$700 per month +/-. Depending on my property taxes. Again, I can’t make the move until retirement.
Again, if I moved now, I would take a 20% locality pay cut. My wife would take about a 40% pay cut. That’s far more then my present monthly/annually mortgage payments.
OK but we're getting fed up waiting for you.
Time flies like an arrow, but fruit flies like a banana.
It’s the Hamptons (but 10 times more beautiful) without the price or attitudes.
Maine is the most beautiful state in the Northeast, in my opinion. Underrated and truly gorgeous. I envy people who live in Maine. 4/10 favorite towns to visit (York, Ogonqit, Camden and Baha) are all in Maine.. alongside my favorite city in the country by far, Portland. My family got a vacation house in Maine back in the 1950s when they came to the country from the Azores. Too bad I never got to see it lol. But to get back on track, that's great a lot of Long Islanders appreciate Maine as much as we Mas*holes do lol.
But have you met a lot of fellow Long Islanders in Maine? Thats pretty neat!
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