Let’s say you live in Suffolk County on Long Island. You
have lived in your home for 15 years. At the time you purchased your home with a $250,000, 30-year mortgage
for about $1500/mo in principal and interest. Today, you
only owe $170,000 and your home is now worth $546,000.
And, your property taxes are over $7,000 per year and
Today you have approximately $376,000 in equity.
You could purchase a new home in the South and have
money left over.
For example, if you move to Aiken, SC, you could
purchase a home with cash and still have $281,700 left
over. And, your taxes could be as low as $353 per year
while dramatically reducing your cost of living.
By moving, you could have little or no mortgage and
significantly reduce your tax burden, while escaping
brutal winters and drastically improving your quality
Median Homes Sales in 2013
Knoxville, TN $125,600
Aiken, SC 94,300
Orlando, FL $151,500
Savannah, GA $144,800
Wilmington, NC $160,400