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  • Sep 11th, 2012 10:32 am
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24 replies
Deal Addict
Feb 5, 2010
2764 posts
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jeremyhalifax88 wrote:
Sep 9th, 2012 4:29 pm
I was just looking around since I am thinking of retiring in the U.S somehow..

http://myfloridahomesmls.com/prop/en-us/mfr/C7032522

Under $50,000.. and taxes are like $400/yr
They are cheap in some areas. Be warned, you may have no neighbours or businesses close by (retail stores etc.) as there have been plenty of real estate built in the middle of nowhere.
[OP]
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Jun 26, 2012
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U
Yeah, its in some ghetto subdivision with dirt roads.. lol
But if you look hard enough I'm sure you can find the perfect place to live for under $50,000 and then retire there with minimal savings haha.
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Aug 16, 2010
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Aurora
If you look, you can probably find houses for cheap in the US. It might be worth it to buy one to live in or as a vacation home but it's quite unlikely to be a good investment. I have relatives in North Carolina and their house prices have been absolutely flat for years - no movement at all.
Sr. Member
Mar 21, 2002
717 posts
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Montreal
I would suggest you look for a condo presently since you are presumably not retired. For an individual home, you will have to hire people to take care of your lawn, etc. Remember, your taxes will be higher if you are not a full-time resident of Florida.
Deal Guru
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Mar 8, 2002
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GTA
"Short Sale. The listing price may be insufficient to pay the total of all liens and costs of sale and the sale of the listed property may be conditioned upon the approval of a court, a lender, or other third party."
_______________

( ͡° ͜ʖ ͡°)
Deal Fanatic
Oct 7, 2010
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Moreover, if you buy Florida real estate when you are not an American you will be taxed to death from capital gain taxes. Not worth it.
Deal Addict
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Oct 17, 2008
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Toronto
Just wait 2 years and you will be able to pick-up Toronto real-estate for those prices. 70% of people with mortgages in Toronto can't afford them.

I wouldn't pay $5k for that shed in your link OP. And Florida is a hopeless hole.
[OP]
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Jun 26, 2012
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Would condo taxes still be high?
Deal Addict
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Dec 4, 2009
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Aurora
You're 24 yrs old, with very little money. When are you planning on retiring?
"I'm a bit upset. I've been grab by the back without any alert and lubrification"
Lucky
[OP]
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Jun 26, 2012
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In 20 years with a full pension and $500,000 in savings.
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Aug 16, 2010
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jeremyhalifax88 wrote:
Sep 9th, 2012 8:46 pm
In 20 years with a full pension and $500,000 in savings.
I know this is a little off topic but this reminds me of an article I just read in the Toronto Star. It's about a guy who is a senior executive making $200k a year. Want's to retire by 55. He will not make it. I just thought it interesting.

http://www.moneyville.ca/article/125279 ... 000-earner
[OP]
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Jun 26, 2012
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You've got to be an idiot if you cannot retire whilst making $200,000k a year for that long... obviously he doesn't deserve to retire.
You can easily retire with $10,000 a year if you're smart.

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