Originally Posted by
PineappleXpres
Not in Property tax, Home owners insurance, car insurance, sales tax, toll fees/car registration, and health care insurance gaps. That’s mostly in reference to FL. Commuting costs thanks to delayed upgrade, missed premium, redundancies (beater car, crash pad, extra eating out), and more time missed at home for the actual commute will all result in a net loss over the 3.5% income tax. The spreadsheet doesn’t lie.
Can’t speak to a resell, but I bought a new construction and insurance is about $1100/yr on a 1750 sq ft 3/2.5 home. Property taxes is about $3500/yr. As far as tolls, it’s negligible depending where you live. Maybe $50/yr for the average person? Car registration isn’t terrible. About $70 for 2 year expiration. Car insurance is heavily dependent where you live in the state. Not sure where FL stacks up against other states tho. I know TX was cheaper in this regard, but that’s about it for me.
I’ve lived in Texas and annual savings were underwhelming in certain categories. Even got priced out of buying a house due to property taxes being so high there.