• KaiReeve@lemmy.world
    link
    fedilink
    arrow-up
    66
    arrow-down
    1
    ·
    7 months ago

    I recently gave up my 3% mortgage from 2013 in exchange for a 7% mortgage. It hurts, but it was worth it to get out of Florida.

    In the end, my housing costs actually didn’t change that much because my home insurance rates were skyrocketing.

    • dogslayeggs@lemmy.world
      link
      fedilink
      arrow-up
      67
      arrow-down
      1
      ·
      7 months ago

      but it was worth it to get out of Florida.

      You could put almost any horrific thing in front of that phrase and it sound valid.

      I had to keep my arm in a tub of fire ants for 5 minutes, but it was worth it to get out of Florida.

      • 5oap10116@lemmy.world
        link
        fedilink
        arrow-up
        25
        arrow-down
        1
        ·
        7 months ago

        I had to cut off several limbs leading to a bad case of sepsis…

        I had to sell a few children (not mine) along the way engage in some other morally questionable activities…

        I had to sacrifice my first born like Abraham did his Isaac…

        …but it was worth it to get out of Florida

      • billwashere@lemmy.world
        link
        fedilink
        English
        arrow-up
        5
        arrow-down
        1
        ·
        7 months ago

        I could not agree more. The flip side is likely true as well…

        “I’d rather put my arm in a tub of fire ants for 5 minutes than move to Florida. “

    • LordOfTheChia@lemmy.world
      link
      fedilink
      arrow-up
      4
      ·
      edit-2
      7 months ago

      Also home insurance isn’t tax deductible (to my knowledge unless you’re renting the house and then it counts against the income you made renting) but the interest paid is.

      • KaiReeve@lemmy.world
        link
        fedilink
        arrow-up
        2
        arrow-down
        1
        ·
        7 months ago

        That’s a good point, but I’m definitely paying more taxes now than I was before. My new state has income tax and tangible property (vehicle) tax that Florida didn’t have. I looked up tax distribution for my county and the majority goes into education, so I can’t complain too much.