Relocating - What do you think?

Hello group,
With the booming home prices in my area, 50 miles north of New York
City, I am seriously considering selling my raised which is in a
private community, on a lake. I've seen 2 other raised ranches listed
in the area are going for $469K! I paid $130K for mine less than ten
years ago and it is paid off.

Anyway, what I intend to do is sell it first(next spring), quit my job,
move to the Melbourne Florida area(I am an engineer) and rent until I
find a job and an equivalent home to buy for around $200K, cash. I'm
37, have a wife and a 2 year old.

Thoughts?

Re: Relocating - What do you think?

Assuming that you can find a equivalent home for less than $250K, what
are you going to do with the 50K cash proceed?

Why pay cash when you can borrow at record low rates?

What's wrong with your current job? Think you can find one better?

Re: Relocating - What do you think?

"octogenerian" <> wrote:
> Why pay cash when you can borrow at record low rates?

If he intends to live in his investment long term, then he should probably
pay cash because the long term rate on a home loan for the average buyer is
still higher (~6%) than the long term rate of return for homes (~5%).

Re: Relocating - What do you think?

On 25 Jul 2005 09:48:27 -0700, wrote:

>Hello group,
>With the booming home prices in my area, 50 miles north of New York
>City, I am seriously considering selling my raised which is in a
>private community, on a lake. I've seen 2 other raised ranches listed
>in the area are going for $469K! I paid $130K for mine less than ten
>years ago and it is paid off.
>
>Anyway, what I intend to do is sell it first(next spring), quit my job,
>move to the Melbourne Florida area(I am an engineer) and rent until I
>find a job and an equivalent home to buy for around $200K, cash. I'm
>37, have a wife and a 2 year old.
>
>Thoughts?

Go for it!

Re: Relocating - What do you think?

On 25-Jul-2005, wrote:

> On 25 Jul 2005 09:48:27 -0700, wrote:
>
> >Hello group,
> >With the booming home prices in my area, 50 miles north of New York
> >City, I am seriously considering selling my raised which is in a
> >private community, on a lake. I've seen 2 other raised ranches listed
> >in the area are going for $469K! I paid $130K for mine less than ten
> >years ago and it is paid off.
> >
> >Anyway, what I intend to do is sell it first(next spring), quit my job,
> >move to the Melbourne Florida area(I am an engineer) and rent until I
> >find a job and an equivalent home to buy for around $200K, cash. I'm
> >37, have a wife and a 2 year old.
> >
> >Thoughts?
>
> Go for it!

You might want to find a job first. Then sell. Then quit your job.

--
Warmest regards,

Steve Horrillo, Realtor / C.Ht. =^..^=

Re: Relocating - What do you think?

Steve Horrillo wrote:
> On 25-Jul-2005, wrote:
>
>
>>On 25 Jul 2005 09:48:27 -0700, wrote:
>>
>>
>>>Hello group,
>>>With the booming home prices in my area, 50 miles north of New York
>>>City, I am seriously considering selling my raised which is in a
>>>private community, on a lake. I've seen 2 other raised ranches listed
>>>in the area are going for $469K! I paid $130K for mine less than ten
>>>years ago and it is paid off.
>>>
>>>Anyway, what I intend to do is sell it first(next spring), quit my job,
>>>move to the Melbourne Florida area(I am an engineer) and rent until I
>>>find a job and an equivalent home to buy for around $200K, cash. I'm
>>>37, have a wife and a 2 year old.
>>>
>>>Thoughts?
>>
>>Go for it!
>
> You might want to find a job first. Then sell. Then quit your job.

Let's see (taking numbers at face value and making some assumptions).

House sells for $469K, there was no equity refinanced out, house was
lived in buy the poster and his wife for over 2 years, bought for
$130K (let's assume for sake of simplicity that's what's currently
owed). Cash in hand: 469K - 130K = 339K. Buy a new home for $200k.
Leaves 139K in hand. Should leave enough time to find a job if
there are any at all.

Depends on whether you want to risk that, but it looks feasible
- not being a risk taker, I probably wouldn't though.

Maren

Re: Relocating - What do you think?

Sounds like an awesome idea. I suggest studying the job market in
Melbourne carefully before moving though. Having a paid off house and
a couple of hundred grand in the bank is a great feeling, but if you
cannot find a job you might blow through chunk of cash faster than you
might expect.

You also want to consider the property taxes and home owners insurance
you would have to pay in Florida. (Ask your Florida real estate agent
about homesteading your property and about the tax implications of
buying within city limits as opposed to buying outside of a city's
juristiction).

---
j.c

Re: Relocating - What do you think?

On 25-Jul-2005, Maren Purves <> wrote:

> >>>Thoughts?
> >>
> >>Go for it!
> >
> > You might want to find a job first. Then sell. Then quit your job.
>
> Let's see (taking numbers at face value and making some assumptions).
>
> House sells for $469K, there was no equity refinanced out, house was
> lived in buy the poster and his wife for over 2 years, bought for
> $130K (let's assume for sake of simplicity that's what's currently
> owed). Cash in hand: 469K - 130K = 339K. Buy a new home for $200k.
> Leaves 139K in hand. Should leave enough time to find a job if
> there are any at all.
>
> Depends on whether you want to risk that, but it looks feasible
> - not being a risk taker, I probably wouldn't though.

I wouls also factor in the costs of selling and buying a home, moving, new
stuff etc. Als he shoud vacation for a couple of weeks or longer where he
plans to move. Check out the schools. Maybe Melborne is different but IMO
Florida is no place to raise a child.

--
Warmest regards,

Steve Horrillo, Realtor / C.Ht. =^..^=

Re: Relocating - What do you think?

On 26-Jul-2005, "CheckHomeValueNow Account"
<> wrote:

> You also want to consider the property taxes and home owners insurance
> you would have to pay in Florida. (Ask your Florida real estate agent
> about homesteading your property and about the tax implications of
> buying within city limits as opposed to buying outside of a city's
> juristiction).

and don't assume your taxes are going to be what the previous owner's is...

--
Warmest regards,

Steve Horrillo, Realtor / C.Ht. =^..^=

Re: Relocating - What do you think?

Scanning the web real estate for sale now in the Melbourne/Palm Bay
area, there are plenty of homes in the 200-300 range. Can even get a
NEW one at this price.

Lets see, if I were to take out 15 year mortage on 200K at 5.5%,
- Loan Amount: $200000
- Interest Rate: 5.5%
- Term of Loan: 15
Total interest paid over life of loan: $94,150.04
Why pay 100K more when I can pay all up front!

My job is fine right now. I am an engineer. The Melbourne area is full
of high tech jobs. The Space Coast is known as a high-tech center of
the Southeast. NY doesn't have much of this kinda work. I am lucky to
be workin now!

We love the ocean, and are both about 40. If I wait any longer I'll be
trapped in NY till retirement. The Melbourne area is the only place on
the east coast near the ocean with work for me.

octogenerian wrote:
> Assuming that you can find a equivalent home for less than $250K, what
> are you going to do with the 50K cash proceed?
>
> Why pay cash when you can borrow at record low rates?
>
> What's wrong with your current job? Think you can find one better?

Re: Relocating - What do you think?

How am i going to take a job in Florida, and pack/sell my house in NY
holding down 2 jobs, one in Florida and one in NY?

Re: Relocating - What do you think?

House in NY is paid for in full.
Sell for $469 + savings + sale of cars(dont need 4WDs in florida) toys,
snowmobile, snowblower etc over $500K
Buy new home for ~250
Leaves $250 in hand

The Space Coast is known as a high-tech center of the Southeast. Major
employers in the Melbourne vicinity include Harris Corporation,
Rockwell Collins, Florida Institute of Technology, Holmes Regional
Hospital, Northrop Grumman Corporation - Surveillance and Battle
Management Systems, Dictaphone, GE Transportation Systems and Rossi
Electronics

There is DRS and Lockheed Martin in Palm Bay, not to mention the
Orlando area.

Re: Relocating - What do you think?

Why do you say Florida is no place to raise a child?
It goes without saying I shall move into the best school district I can
find in that area.

Re: Relocating - What do you think?

I am sure they wont be a fifth of what I'm paying now.

Re: Relocating - What do you think?

On 26-Jul-2005, wrote:

> Why do you say Florida is no place to raise a child?
> It goes without saying I shall move into the best school district I can
> find in that area.

Try these sites and compare FL to your state


Here's some florida resources




--
Warmest regards,

Steve Horrillo, Realtor / C.Ht. =^..^=

Re: Relocating - What do you think?

On 26-Jul-2005, wrote:

> I am sure they wont be a fifth of what I'm paying now.

On USENET you need to quote the message you are reponding to or no one will
know what you are talking about.

--
Warmest regards,

Steve Horrillo, Realtor / C.Ht. =^..^=

Re: Relocating - What do you think?

Steve Horrillo wrote:
> On 26-Jul-2005, wrote:
>
>>Why do you say Florida is no place to raise a child?
>>It goes without saying I shall move into the best school district I can
>>find in that area.
>
> Try these sites and compare FL to your state
>

yeah, people say that about Hawaii too ...
(we have a kid in the public school system here who just
quite successfully took some summer classes in college
while still being in high school)

Re: Relocating - What do you think?

Maren,

You forgot the costs of sales, start with 6% ($28K) commission, losing
costs, termite reports and moving costs. And when you buy, throw in a
few thousand for loan fees, title closing costs and again moving
expenses.

Not to mention the mosquitos.

Re: Relocating - What do you think?

On 26-Jul-2005, Maren Purves <> wrote:

> > On 26-Jul-2005, wrote:
> >
> >>Why do you say Florida is no place to raise a child?
> >>It goes without saying I shall move into the best school district I can
> >>find in that area.
> >
> > Try these sites and compare FL to your state
> >
>
> yeah, people say that about Hawaii too ...
> (we have a kid in the public school system here who just
> quite successfully took some summer classes in college
> while still being in high school)

The stats echo my experience as a child moving from New York to Florida. I
see not much has changed. Anyone who would send their child to public school
is either poor or very foolish. Almost half of the students in Florida
qualify for a free lunch program versus 16.8% in NY. And the student to
teacher ratio and dollars expended per student is awful. Check this out...


NEW YORK
Per-pupil expenditures: $11,2181
Pupil/teacher ratio: 13.7
Percent eligible for free/reduced lunch: 16.8%
FLORIDA
Per-pupil expenditures: $6,2131
Pupil/teacher ratio: 18.4
Percent eligible for free/reduced lunch: 45.4%

--
Warmest regards,

Steve Horrillo, Realtor / C.Ht. =^..^=

Re: Relocating - What do you think?

"Steve Horrillo" <> wrote in message
news:fRCFe.4857$

> NEW YORK
> Per-pupil expenditures: $11,2181
> FLORIDA
> Per-pupil expenditures: $6,2131

Would you please clarify those amounts? The comma (radix) seems to be
misplaced ...

Re: Relocating - What do you think?

It is crystal clear if you view the thread. I dont know what you are
talking about.

Steve Horrillo wrote:
> On 26-Jul-2005, wrote:
>
> > I am sure they wont be a fifth of what I'm paying now.
>
> On USENET you need to quote the message you are reponding to or no one will
> know what you are talking about.
>
> --
> Warmest regards,
>
> Steve Horrillo, Realtor / C.Ht. =^..^=
>
>

Re: Relocating - What do you think?

I've heard about these huge commissions. That might have flown when the
market was lower. I'll be dammned if I pay some bimbo realtor 28K for
finding a buyer.

Re: Relocating - What do you think?

I have looked at the web site of some private schools in Melbourne, the
non religious type mind you. No costs are listed. How much could it be
a year? If the entire state of Florida spends $6K/pupil, what are we
talking about here about $5K/year in private school? I honestly dont
know.

Re: Relocating - What do you think?

Steve Horrillo wrote:
> On 26-Jul-2005, wrote:
>
> > Why do you say Florida is no place to raise a child?
> > It goes without saying I shall move into the best school district I can
> > find in that area.
>
> Try these sites and compare FL to your state
>
>
> Here's some florida resources
>
>
>
>
> --
> Warmest regards,
>
> Steve Horrillo, Realtor / C.Ht. =^..^=
>
>

At the moment, these look like the 2 on the mainland I would choose.



Not as bad as you feared. I look at acedemic scores and race. Now I
have to look at sample FCATs.

Re: Relocating - What do you think?

Steve Horrillo wrote:
> On 26-Jul-2005, Maren Purves <> wrote:
> The stats echo my experience as a child moving from New York to Florida. I
> see not much has changed. Anyone who would send their child to public school
> is either poor or very foolish. Almost half of the students in Florida
> qualify for a free lunch program versus 16.8% in NY.

as a grownup who moved from Germany where nobody gets into
college without learning calculus and nobody gets out of school
without learning a foreign language, I think the whole system
needs rethought.

but I knew you were going to go for the "free lunches" thing.

I happen to know a kid who qualifies for free lunches who scored
in the 98 percentile in the national high school math test.
You think you're better than him because you don't get free
lunches? Almost half the students here qualify for free lunches
too. That doesn't make them any worse people than you and me,
and that doesn't make them any dumber either.

Re: Relocating - What do you think?

On 26-Jul-2005, "lugnuts" <> wrote:

> "Steve Horrillo" <> wrote in message
> news:fRCFe.4857$
>
> > NEW YORK
> > Per-pupil expenditures: $11,2181
> > FLORIDA
> > Per-pupil expenditures: $6,2131
>
> Would you please clarify those amounts? The comma (radix) seems to be
> misplaced ...

NEW YORK
Per-pupil expenditures: $11,218
FLORIDA
Per-pupil expenditures: $6,213


--
Warmest regards,

Steve Horrillo, Realtor / C.Ht. =^..^=

Re: Relocating - What do you think?

On 27-Jul-2005, wrote:

> I've heard about these huge commissions. That might have flown when the
> market was lower. I'll be dammned if I pay some bimbo realtor 28K for
> finding a buyer.

If you hire a Realtor you'll get over 28k more than if you sell it yourself
plus most of the details will be handled for you. But it sounds like you
think you know it all. Then go for it. Live and learn. Hopefully...

--
Warmest regards,

Steve Horrillo, Realtor / C.Ht. =^..^=

Re: Relocating - What do you think?

On 27-Jul-2005, wrote:

> > Steve Horrillo, Realtor / C.Ht. =^..^=
> >
> >
> >
>
> At the moment, these look like the 2 on the mainland I would choose.
>
>
>
> Not as bad as you feared. I look at acedemic scores and race. Now I
> have to look at sample FCATs.

Your mind has already been made up. Just do it.

--
Warmest regards,

Steve Horrillo, Realtor / C.Ht. =^..^=

Re: Relocating - What do you think?

On 27-Jul-2005, Maren Purves <> wrote:

> On 26-Jul-2005, Maren Purves <> wrote:
> > The stats echo my experience as a child moving from New York to Florida.
> > I
> > see not much has changed. Anyone who would send their child to public
> > school
> > is either poor or very foolish. Almost half of the students in Florida
> > qualify for a free lunch program versus 16.8% in NY.
>
> as a grownup who moved from Germany where nobody gets into
> college without learning calculus and nobody gets out of school
> without learning a foreign language, I think the whole system
> needs rethought.
>
> but I knew you were going to go for the "free lunches" thing.
>
> I happen to know a kid who qualifies for free lunches who scored
> in the 98 percentile in the national high school math test.
> You think you're better than him because you don't get free
> lunches? Almost half the students here qualify for free lunches
> too. That doesn't make them any worse people than you and me,
> and that doesn't make them any dumber either.

I'm not too old to remember school. Of course there are exceptions, but in
general the free lunch kids were disinterested troublemakers.

--
Warmest regards,

Steve Horrillo, Realtor / C.Ht. =^..^=

Re: Relocating - What do you think?

Steve Horrillo wrote:
> On 27-Jul-2005, Maren Purves <> wrote:
>
>
>> On 26-Jul-2005, Maren Purves <> wrote:
>>
>>>The stats echo my experience as a child moving from New York to Florida.
>>>I
>>>see not much has changed. Anyone who would send their child to public
>>>school
>>>is either poor or very foolish. Almost half of the students in Florida
>>>qualify for a free lunch program versus 16.8% in NY.
>>
>>as a grownup who moved from Germany where nobody gets into
>>college without learning calculus and nobody gets out of school
>>without learning a foreign language, I think the whole system
>>needs rethought.
>>
>>but I knew you were going to go for the "free lunches" thing.
>>
>>I happen to know a kid who qualifies for free lunches who scored
>>in the 98 percentile in the national high school math test.
>
> I'm not too old to remember school. Of course there are exceptions, but in
> general the free lunch kids were disinterested troublemakers.

I'm not too old to remember school either.
In Germany there are no school lunches.
You bring your own or you go hungry.
Nothing to do with money, but rather with the responsibility/forethought
that you'll get hungry during the day. You have to live with the
consequences of what you do or don't do. BTW: no school buses either.
I remember missing a day of school because my bike broke.

Where I'm now (Hawaii being part of the US) there are school buses and
school lunches, and a lot of "free lunch" kids. Some of them are smart
and some dumb, just like the other kids. And some get good grades and
some don't. Most schools in the town I'm in are title I schools, in our
daughter's high school all but one of the feeder schools at elementary
level are. Their science bowl team came in third for the State, beating
some at least locally famous private schools.

You can't blame kids and/or their teachers for the financial problems
their parents may have (closure of all the sugar plantations here).

Re: Relocating - What do you think?

On 28-Jul-2005, Maren Purves <> wrote:

> Where I'm now (Hawaii being part of the US) there are school buses and
> school lunches, and a lot of "free lunch" kids. Some of them are smart
> and some dumb, just like the other kids. And some get good grades and
> some don't. Most schools in the town I'm in are title I schools, in our
> daughter's high school all but one of the feeder schools at elementary
> level are. Their science bowl team came in third for the State, beating
> some at least locally famous private schools.
>
> You can't blame kids and/or their teachers for the financial problems
> their parents may have (closure of all the sugar plantations here).

If the parent's can't even afford to pay for their children's lunch it at
least give's an indication of the environment they are growing up in.
Children learn by example.

--
Warmest regards,

Steve Horrillo, Realtor / C.Ht. =^..^=

Re: Relocating - What do you think?

I recently moved, but was born and raised in Pensacola Florida. I
always wondered why more people didn't sell their expensive homes in
other parts of the country and live like a king there and in other
parts of Florida.

In 1995 I bought a new 4/2 2240 SF all brick home with underground
utilities, and sidewalks for $109,900 with no closing costs. At the
time, $90,000 would buy a great waterfront condo.

Prices have gone up substantially. The friend I sold my house to
reports it's worth $180,000. Even so, and relative to many parts of
the country, it's still a bargain.

Re: Relocating - What do you think?

I recently moved, but was born and raised in Pensacola Florida. I
always wondered why more people didn't sell their expensive homes in
other parts of the country and live like a king there and in other
parts of Florida.

In 1995 I bought a new 4/2 2240 SF all brick home with underground
utilities, and sidewalks for $109,900 with no closing costs. At the
time, $90,000 would buy a great waterfront condo.

Prices have gone up substantially. The friend I sold my house to
reports it's worth $180,000. Even so, and relative to many parts of
the country, it's still a bargain.

Re: Relocating - What do you think?

On 29 Jul 2005 05:37:02 -0700, "MD" <> wrote:

>I recently moved, but was born and raised in Pensacola Florida. I
>always wondered why more people didn't sell their expensive homes in
>other parts of the country and live like a king there and in other
>parts of Florida.

Many people don't do that because of lifestyle choices. They don't
like to move to another part of the country as they wouldn't be near
friends, family, or other conveniences which they currently enjoy.
Also, many people are just resistant to change.

>
>In 1995 I bought a new 4/2 2240 SF all brick home with underground
>utilities, and sidewalks for $109,900 with no closing costs. At the
>time, $90,000 would buy a great waterfront condo.
>
>Prices have gone up substantially. The friend I sold my house to
>reports it's worth $180,000. Even so, and relative to many parts of
>the country, it's still a bargain.

Re: Relocating - What do you think?

On 29-Jul-2005, "MD" <> wrote:

> I recently moved, but was born and raised in Pensacola Florida. I
> always wondered why more people didn't sell their expensive homes in
> other parts of the country and live like a king there and in other
> parts of Florida.
>
> In 1995 I bought a new 4/2 2240 SF all brick home with underground
> utilities, and sidewalks for $109,900 with no closing costs. At the
> time, $90,000 would buy a great waterfront condo.
>
> Prices have gone up substantially. The friend I sold my house to
> reports it's worth $180,000. Even so, and relative to many parts of
> the country, it's still a bargain.

Because in Florida anything north of Palm Beach is "hick town". Might as
well be Alabama. Not that there's anything wrong with that. I love Deep
South people but it's hard for northerners to relate. If you want to truly
live like a king on the cheap, there's many other countries that you can go
to and live at a fraction of the cost. It's just harder to make money there
so it's best to go there to retire.

--
Warmest regards,

Steve Horrillo, Realtor / C.Ht. =^..^=

Re: Relocating - What do you think?

On 29-Jul-2005, wrote:

> >I recently moved, but was born and raised in Pensacola Florida. I
> >always wondered why more people didn't sell their expensive homes in
> >other parts of the country and live like a king there and in other
> >parts of Florida.
>
> Many people don't do that because of lifestyle choices. They don't
> like to move to another part of the country as they wouldn't be near
> friends, family, or other conveniences which they currently enjoy.
> Also, many people are just resistant to change.

Yes, it's hard to get used to that southern drawl. If I wanted that I would
move to North Carolina. Better climate, beautiful countryside and fewer New
Yorker's. ;) It never ceases to amaze me that people don't even realize they
are paying top dollar to live on nasty old swampland.

--
Warmest regards,

Steve Horrillo, Realtor / C.Ht. =^..^=

Re: Relocating - What do you think?

You've been watching too many movies. There are many areas that have
few "hicks" in them. What you're doing is akin to me judging LA by the
South Central area or New York by the Bronx.

Hicks are in short supply at Seaside, Rosemary Beach, Gulf Breeze
Florida, and many other charming communites well north of Palm Beach.
Yes, he will have to do a little research.

There have been tens of thousands of highly educated military personnel
who returned to the emerald coast to retire. They know something, you
don't.

This young man has his head on straight and is going to be sitting
pretty with no mortgage before the age of 40.

Re: Relocating - What do you think?

and don't forget that Florida has no state income tax.