Posted by Loren in MN on December 03, 2015 at 16:16:56 from (75.161.192.6):
In Reply to: When looking at a place posted by brent zappe on December 03, 2015 at 09:06:02:
Forgot to add, while I had moved from CA back to MN, as a cheaper alternative, a few years back the wife wanted us to sell and move closer to our son, then living in western NY state. Housing was cheap. The son bought an older home in Hornell,NY for $15,000 in 2005. Many very nice homes could be bought for $50,000 , but the kicker was "TAXES". A person could retire there, nice town, nice people, beautiful countryside, but if you had $200,000 cash, bought a $50,000 home, then tried to live off your saving, retirement, etc., your savings could very well be gone in a few short years. Wife wanted me to sell our place -say $200,000 then move to NY. I told her lets wait to see how the kids like it there, that's when we watched the son struggle to pay- school taxes, property taxes, and a few others. Told the wife, if we had moved, our excess money from selling out would have gone to pay taxes, then if we had wanted to move back to MN we would have only had the $50,000 house to sell. Not much to start over on elsewhere. Housing prices haven't gone up much in western NY since. Son moved back to MN a year ago.
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