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Originally Posted by TornadoAlley
So that's $800 less a month. How much will you save on your mortgage payment?
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Well we aren't only moving for financial reasons, the main reason is quality of life, we feel we have lost our quality of life here on LI. I have a 2and a half yr old car and it has 43,000 miles on it, 80% of the miles are driving to and from work (in some of the worst traffic imaginable).At my new job I get a company vehicle that I will drive home at night and to work in the morning and the company pays for the gas, that alone is going to be a huge savings for us. We are mortaged out at almost $200,000 now, after the move we will carry about a $50,000 mortgage that I plan to have paid off in 10 yrs. our taxes will be $2,300 a yr down from $7,000 now. our car ins. will be half. our house ins. is less than half. We have an above ground pool that I have spent over $130 in the last 2 weeks on chemicals, our new community has 2 outdoor pools and an indoor pool, a 27 hole golf course, a complete gym/athletic club with arobics classes that costs us $50 a month (that includes the HOA fees) I am not an accountant but i believe we will be much better off, plus when my children are grown if they want to live near where they grew up they will be able to afford to do so. There is no way they could afford a house here on LI with-out being some type of high paid professional, or they can be a teacher or a police-person (teachers here typically make $80k plus a yr and cops in suffolk co. make a base salary of $105k plus o.t.) i am tired of paying for all of this, they are the only ones who can afford a quality life on LI.
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