If you were in my position, where would you move?

[homestarmy]

In my situation, I could sell my house and have about $70-80k profit. It always makes me think how I could move somewhere where housing is cheap and own a house for that much and not have to pay a mortgage at all (allowing me to work on projects such as film, or earning a PhD, etc). Or I could get a huge, beautiful house and have a very small mortgage, around $30k or less in some areas.

Or, I could move somewhere that I could get a good job after I finish my MA and use that money on a downpayment.

If you were in my position, where would you move? Which route would you take?

FWIW, as put in another thread, 38% of my gross income goes towards my mortgage and associated expenses. I also work at a helpdesk in Central Florida, not exactly what I want to do for the rest of my life.

 

[iamwiz82]

Kenutcky, Carolinas, etc. Lots of automotive jobs and I have lots of experience with the automotive world. Plus cost of living is low and housing is dirt cheap.

 

[Turin39789]

Originally posted by: iamwiz82
Kenutcky, Carolinas, etc. Lots of automotive jobs and I have lots of experience with the automotive world. Plus cost of living is low and housing is dirt cheap.

I want a kentucky job.


And to OP - Are you planning on staying in florida for a while?

 

[j00fek]

dont move to maine, cheap livin but no job market

 

[homestarmy]

Originally posted by: Turin39789

Originally posted by: iamwiz82
Kenutcky, Carolinas, etc. Lots of automotive jobs and I have lots of experience with the automotive world. Plus cost of living is low and housing is dirt cheap.

I want a kentucky job.


And to OP - Are you planning on staying in florida for a while?

I don't know. I don't think there is really anything special here. Only thing here is my family, but I'm not to fond of them anyhow. But I don't know anywhere else and a real move is just such a huge thing to accomplish.

 

[Joemonkey]

Originally posted by: Turin39789

Originally posted by: iamwiz82
Kenutcky, Carolinas, etc. Lots of automotive jobs and I have lots of experience with the automotive world. Plus cost of living is low and housing is dirt cheap.

I want a kentucky job.


And to OP - Are you planning on staying in florida for a while?

You should want a Kentucky job, all camry's are built here at the Toyota plant in Georgetown, not to mention the seats for them in Harrodsburg and Nicholasville at TrimMasters, we also have Hitachi in Harrodsburg building all the electronic throttlebodies for GM and other manufacturers. Louisville has a Ford plant as well. Plus, no unions!

 

[Turin39789]

Originally posted by: Joemonkey

You should want a Kentucky job, all camry's are built here at the Toyota plant in Georgetown, not to mention the seats for them in Harrodsburg and Nicholasville at TrimMasters, we also have Hitachi in Harrodsburg building all the electronic throttlebodies for GM and other manufacturers. Louisville has a Ford plant as well. Plus, no unions!

I had an interview at the Georgetown plant about a year ago, I was living in louisville at the time. Blew my engine on the way to the interview, and thanks the the multiple staffing agencies taking a cut of the hiring, I did'nt have a single phone number to call and let them know what happened. Now I'm in Lexington, but I'm going back to school in the evenings and don't know if the job schedule and overtime would let me keep doing that.

 

[homestarmy]

So Kentucky is the place to be huh? How much is housing there?

 

[Turin39789]

Originally posted by: homestarmy
So Kentucky is the place to be huh? How much is housing there?

Sorry I felt like hijacking your thread. It's pretty reasonable here, depends on how urban/rural you are looking for , what type of property, type of neighborhood etc. The usual stuff. Probably cheaper than FLA

 

[misle]

Originally posted by: homestarmy
Or, I could move somewhere that I could get a good job after I finish my MA and use that money on a downpayment.

If you were in my position, where would you move? Which route would you take?

That is the route I would take.

 

[JEDI]

Originally posted by: homestarmy
In my situation, I could sell my house and have about $70-80k profit. It always makes me think how I could move somewhere where housing is cheap and own a house for that much and not have to pay a mortgage at all (allowing me to work on projects such as film, or earning a PhD, etc). Or I could get a huge, beautiful house and have a very small mortgage, around $30k or less in some areas.

Or, I could move somewhere that I could get a good job after I finish my MA and use that money on a downpayment.

If you were in my position, where would you move? Which route would you take?

FWIW, as put in another thread, 38% of my gross income goes towards my mortgage and associated expenses. I also work at a helpdesk in Central Florida, not exactly what I want to do for the rest of my life.

Holy.. 38% towards mortgage and associated expenses???

Duuuude, You're more than maxxed out. the general concensus is no more than 33% of gross towards the house.

Move to amsterdam. $50 Hookers and cheap blow for life (or till you run out of $.)

 

[JulesMaximus]

I am in your position but I already live where I'd want to move to so we can't really use that equity we have in our house in such a way. We refuse to use it for other purchases also so there it sits. Maybe if I find a business to buy or something, we could do that with the equity in our home.

 

[Joemonkey]

Originally posted by: Turin39789

Originally posted by: homestarmy
So Kentucky is the place to be huh? How much is housing there?

Sorry I felt like hijacking your thread. It's pretty reasonable here, depends on how urban/rural you are looking for , what type of property, type of neighborhood etc. The usual stuff. Probably cheaper than FLA

I live about 35 miles away from lexington and have a 4 bedroom 2 full bath house in a good neighborhood (right across the street from an elementary school) in a town of about 15,000 people... paid $70k for it

 

[bigrash]

forget Kentucky and move to Ethiopia. Houses are so much cheaper over there.

 

[Rumpltzer]

There's a back unit on a three unit three-plex down the street from me. It was originally built in the 1960s, and someone did a real halfazz job refurbishing it. Three bedroom, two bath, shared garage. You can't really get around the tiny bedrooms or oddball layout, but they did a nice job on the kitchen which is completely open to the small living room with ugly painted brick fireplace. No yard, and you can touch your neighbor's house while standing on your second floor patio.

Redondo Beach, CA (only 3 miles from the beach) - $700K



Let me know if you want me to scan the flier for you.

 

[LegendKiller]

Sell it now, rent for a year or two, buy a new place dirt cheap. Orlando is heading for the crapper as we speak.

 

[Turin39789]

Originally posted by: LegendKiller
Sell it now, rent for a year or two, buy a new place dirt cheap. Orlando is heading for the crapper as we speak.

This was my thought as well, but I figure that would just drag up some real estate tycoons to tell us the market isn't inflated and nothing bad will ever happen.

 

[brandonbull]

Originally posted by: JEDI

Originally posted by: homestarmy
In my situation, I could sell my house and have about $70-80k profit. It always makes me think how I could move somewhere where housing is cheap and own a house for that much and not have to pay a mortgage at all (allowing me to work on projects such as film, or earning a PhD, etc). Or I could get a huge, beautiful house and have a very small mortgage, around $30k or less in some areas.

Or, I could move somewhere that I could get a good job after I finish my MA and use that money on a downpayment.

If you were in my position, where would you move? Which route would you take?

FWIW, as put in another thread, 38% of my gross income goes towards my mortgage and associated expenses. I also work at a helpdesk in Central Florida, not exactly what I want to do for the rest of my life.

Holy.. 38% towards mortgage and associated expenses???

Duuuude, You're more than maxxed out. the general concensus is no more than 33% of gross towards the house.

Move to amsterdam. $50 Hookers and cheap blow for life (or till you run out of $.)

HAHA..... 38% is on the lower end for FL. Good luck finding a house not in the middle of a swamp for only spending 33%.

 

[huberm]

i'll sell you my house in Indiana for $110k. FULLY remodeled, 1 acre, 1800 sf. Taxes are about 650.

 

[IHateMyJob2004]

I know of someone who has no immediate family in the US. He has been doing the following for years:

Looking at rent to housing price ratios.
housing price
---------------
rent

= 20 for example


Going to where the ratio is favorable (low). And then leaves when it gets high.

He was in Canada. left maybe 5 years ago to live in Vermont. Left Vermont last year and I forget where he moved.

FYI: He is 40 and expecting to be fully retired at 45.

That's the smart way to move based on costs as far as I know.

 

[nakedfrog]

I bought my 1600sq foot house for $77k in a nice little town, low cost of living, and 20 minutes from Omaha, which is on it's way up as a tech town.

 

[lokiju]

Maybe this applies to you.

 

[Slew Foot]

Originally posted by: JulesMaximus
I am in your position but I already live where I'd want to move to so we can't really use that equity we have in our house in such a way. We refuse to use it for other purchases also so there it sits. Maybe if I find a business to buy or something, we could do that with the equity in our home.

Dont you live in San Diego? Better do it soon before it's all gone!

 

[essasin]

Take out money from the house and buy more property.

 

[CorCentral]

Originally posted by: homestarmy
In my situation, I could sell my house and have about $70-80k profit. It always makes me think how I could move somewhere where housing is cheap and own a house for that much and not have to pay a mortgage at all (allowing me to work on projects such as film, or earning a PhD, etc). Or I could get a huge, beautiful house and have a very small mortgage, around $30k or less in some areas.

Or, I could move somewhere that I could get a good job after I finish my MA and use that money on a downpayment.

If you were in my position, where would you move? Which route would you take?

FWIW, as put in another thread, 38% of my gross income goes towards my mortgage and associated expenses. I also work at a helpdesk in Central Florida, not exactly what I want to do for the rest of my life.

Central FL eh? I just moved from Clermont Florida (approx 13miles west of Orlando) to TN this past Jan. and it's the best move I've ever made......... I'd rate TN just behind CO as the best state to live in........ But then again, I don't like the longer cold season of CO
Oh man, is Sr50/Colonial Dr in FL a joke or what? If you like driving 13 miles which takes you 45min+....... more power to ya'.

Houses in the Clermont area (subdivision type) for a 1600sq ft 3br/2bath is about $300k+. Just bought a home here for $120k and it's 2k sq ft w/full finished basement

I don't miss FL but the wife does. She misses our yearly passes to Disney and Universal Studios. You get tired of it when you go 10+ times and see the same stuff...... At least I did **LOL**