And what country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance? Let them take arms. The remedy is to set them right as to facts, pardon and pacify them. What signify a few lives lost in a century or two? The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants.
will be like a foolish man who built his house on the sand: and the rain descended, the floods came, and the winds blew and beat on that house; and it fell. And great was its fall Matthew 7:24-27
If they are designed and built right there will be no need for insurance. My specialty for the past 30 years has been designing large scale custom residences, multi-family, and commercial buildings on the barrier islands off (Sanibel, Captiva, Bokeelia, Useppa, Cayo Costa, Boca Grand, etc.) the coast of southwest Florida.
Living near the ocean is a wonderful thing, though the wealth needed to afford it is going up and up. Property taxes is an effective mechanism for removing the lower income middle class from desirable beach and coastal properties to make room for those who are wealthier. My sister and her husband were living in a beautiful little house with a gorgeous view of an tidal estuary, when a mansion near them was bought for a little under a million dollars. As soon as the purchase closed, the buyer knocked the house down. That set a price for the land only. They then built a enormous new palace, bigger in every dimension. When my sister got the next property tax bill the valuation of their home had gone through the literal roof. Tripled, I believe. Being blue collar they had to sell the home that had been in his family for generations. Of course the buyer of their home also knocked it down to build their castle.
Of the money they got for the house, capital gains ate up almost two hundred thousand due to the changes in the capital gains on primary residences. And their old neighbors lost the only guy who knew how to fix anything.
For the primary residence, capital gains for the first 500K (married couple) are ZERO, after that they are either 10% up to another half million, I believe, then 20% after that.
I don't know... I've lived on the east coast of Florida my entire life. Right now, I'm four miles from the Atlantic, but more importantly 22 feet above MSL. I wouldn't live on the beach. It's pretty, but the cost in both money and hassles of living there just don't work for me.
I have no desire to forbid living on the beach, just as I have no desire to pay for the people that choose to live there. As they say, "you do you."
Oh, and the situation "John the River" talks about with the taxes on the sister's property tripling in one year won't happen in Florida. Property tax can't go up that much year over year.
In SC revaluation is eery 6 yrs., I think. (In NC it's 8). But, when you pull a bldg. permit and complete the job, the county comes out and inspects, plus needs to see all biills from the contractor. Then they revalue.
We're on 350' wide peninsula that's 14.8' above MSL where the house & barn/mother in law is. That reduces insurance when you're above 12.5'. Double marsh views, but tough on any type of steel due to salty air that comes from the ESE around 80% of the time.
Also in SC, if you're 66 and have no dependants in K-12, the 4% Homested Exemption reduces prop tax by 2/3ds.
Not the tax rate, the revaluation or 'market value' of the home and/or land. There is a law against rising the rate, but towns and cities soon realized that applying the same rate against a higher assessed value works just as well. My own house, bought for 40K is now valued at 800K. It went up about an 100K in just one year when a new house was built beside me; smaller, no garage and sold for more than my then assessed value. Of course my taxes went up. In my town the only 'break' you get from being over 65 is a 25% reduction on trash and water fees, but only if you schlep down to the DPW building every year, every year... maybe next year you got younger?
My husband and I were there with our kids years ago, we were out on the beach but no one else was there. All of us went in…I turned around to “body-surf” into shore…. Suddenly I felt like I was in the spin cycle in the wash…
Felt my shoulder bang into the sand floor! Three fractures later, my husband put me on a plane home…
I’m a resident. If you have to ask, or speculate, you can’t afford it. And just to be clear, this place is loaded with 100+ year old homes and buildings. Most on the beach get rebuilt whenever out-of-state (vacation rental) owners feel the need to upgrade or fix things that naturally degrade in the ocean air.
Still, this is a sand bar that is constantly shifting. Recent news from a little further south included several homes falling into the ocean. These were built decades ago, too close to the water. Mother Nature reminded us that we really have zero control over this great, big, blue marble and gobbled them up. Can’t build this close anymore and those that are this close slowly get condemned and reclaimed over time.
get out of the big city, find a place with neighbors at minimum 1/2 mile away, everything above won't happen, until of course someone sells their property for a sub-division...
Further south in NC is questionable too. As a kid I spent summers in Southport NC. Family was renting a beach home for two weeks in the summer. Went back two years ago and the point in Southport where the road looped is washed away as are the 6 homes that were there. If someone wants to live in an ocean front home fine but they should pay all the costs associated with said ownership, especially homeowners insurance and flood insurance offered by the government should not be available to them because the taxpayers subsidize that.
AS IT SHOULD BE! Why in the fuck should I pay a higher premium on my insurance because some rich asshole wants to perch his house at the edge of the world (and then not pay for it when captain obvious fucks up his shit)? Ditto for you asshats in California that refuse to take care of the forests, than complain when they catch fire and burn your home. Or Earthquake insurance. Here's a new term for you to learn, and learn it gooder: NOT MY FUCKING PROBLEM!
Have condo on the emerald coast, building is 47 years old and is built like a brick shithouse. Been through Cat 2, 3 and 4 hurricanes. Still standing but takes $ to repair superficial damage. Prop taxes in last 4 years have doubled ($4,000) and building wind insurance has tripled to a $1,000,000 a year. We have to rent it out on the weeks we are not there or we can't afford it for the few weeks we are there. The rentals cover the carrying costs, taxes and insurance. To have the rental income we have to pay a 12.5% head tax, resort fee and cleaning fee out of the rental payment. These fees average to $325 for each stay. We see about $850 on average to cover the rest. It doesn't anymore. Eventually it always comes down to dollars and cents. We never made much per year but would put the excess dollars into refurbishing and upgrades. 2022 saw us put $25,000 in an upgraded kitchen (45 years old) and furniture (Hurricane Ivan replacement). The renters love it and know what a deal they are getting as renting is cheaper than owning.
will be like a foolish man who built his house on the sand: and the rain descended, the floods came, and the winds blew and beat on that house; and it fell. And great was its fall
ReplyDeleteMatthew 7:24-27
Houses have been there for a long time...
ReplyDeleteBut how long has the SAME house been there?
DeleteIf they are designed and built right there will be no need for insurance. My specialty for the past 30 years has been designing large scale custom residences, multi-family, and commercial buildings on the barrier islands off (Sanibel, Captiva, Bokeelia, Useppa, Cayo Costa, Boca Grand, etc.) the coast of southwest Florida.
ReplyDeleteHahahaha sure
DeleteSomebody should track all the "careers" this sad fantasist claims to have.
DeleteThe harris voters stick their fat heads out for all to see. lol
DeleteGo get my fries, child.
Is that the LibTardTroll sticking it's neck out?
DeleteThe Atlantic is a little different than the Gulf but they both erode.
DeleteFor sure, NOBODY but those who live there should be paying for any rebuilding, etc. and indeed one can build to withstand but sadly, most don't.
ReplyDeleteLiving near the ocean is a wonderful thing, though the wealth needed to afford it is going up and up. Property taxes is an effective mechanism for removing the lower income middle class from desirable beach and coastal properties to make room for those who are wealthier.
ReplyDeleteMy sister and her husband were living in a beautiful little house with a gorgeous view of an tidal estuary, when a mansion near them was bought for a little under a million dollars. As soon as the purchase closed, the buyer knocked the house down. That set a price for the land only. They then built a enormous new palace, bigger in every dimension.
When my sister got the next property tax bill the valuation of their home had gone through the literal roof. Tripled, I believe. Being blue collar they had to sell the home that had been in his family for generations.
Of course the buyer of their home also knocked it down to build their castle.
Of the money they got for the house, capital gains ate up almost two hundred thousand due to the changes in the capital gains on primary residences.
And their old neighbors lost the only guy who knew how to fix anything.
Look up the definition of "literal" John.
DeleteFor the primary residence, capital gains for the first 500K (married couple) are ZERO, after that they are either 10% up to another half million, I believe, then 20% after that.
DeleteTHey shouldn't have had it all eaten up by taxes.
The "primary residence" hook is the one that got me.
DeleteThat's a whole different kettle of fish.
I don't know... I've lived on the east coast of Florida my entire life. Right now, I'm four miles from the Atlantic, but more importantly 22 feet above MSL. I wouldn't live on the beach. It's pretty, but the cost in both money and hassles of living there just don't work for me.
ReplyDeleteI have no desire to forbid living on the beach, just as I have no desire to pay for the people that choose to live there. As they say, "you do you."
Oh, and the situation "John the River" talks about with the taxes on the sister's property tripling in one year won't happen in Florida. Property tax can't go up that much year over year.
In SC revaluation is eery 6 yrs., I think. (In NC it's 8). But, when you pull a bldg. permit and complete the job, the county comes out and inspects, plus needs to see all biills from the contractor. Then they revalue.
DeleteWe're on 350' wide peninsula that's 14.8' above MSL where the house & barn/mother in law is. That reduces insurance when you're above 12.5'. Double marsh views, but tough on any type of steel due to salty air that comes from the ESE around 80% of the time.
Also in SC, if you're 66 and have no dependants in K-12, the 4% Homested Exemption reduces prop tax by 2/3ds.
Not the tax rate, the revaluation or 'market value' of the home and/or land.
DeleteThere is a law against rising the rate, but towns and cities soon realized that applying the same rate against a higher assessed value works just as well.
My own house, bought for 40K is now valued at 800K. It went up about an 100K in just one year when a new house was built beside me; smaller, no garage and sold for more than my then assessed value.
Of course my taxes went up.
In my town the only 'break' you get from being over 65 is a 25% reduction on trash and water fees, but only if you schlep down to the DPW building every year, every year... maybe next year you got younger?
My husband and I were there with our kids years ago, we were out on the beach but no one else was there. All of us went in…I turned around to “body-surf” into shore…. Suddenly I felt like I was in the spin cycle in the wash…
ReplyDeleteFelt my shoulder bang into the sand floor! Three fractures later, my husband put me on a plane home…
I’m a resident. If you have to ask, or speculate, you can’t afford it. And just to be clear, this place is loaded with 100+ year old homes and buildings. Most on the beach get rebuilt whenever out-of-state (vacation rental) owners feel the need to upgrade or fix things that naturally degrade in the ocean air.
ReplyDeleteStill, this is a sand bar that is constantly shifting. Recent news from a little further south included several homes falling into the ocean. These were built decades ago, too close to the water. Mother Nature reminded us that we really have zero control over this great, big, blue marble and gobbled them up. Can’t build this close anymore and those that are this close slowly get condemned and reclaimed over time.
get out of the big city, find a place with neighbors at minimum 1/2 mile away, everything above won't happen, until of course someone sells their property for a sub-division...
ReplyDeleteFurther south in NC is questionable too. As a kid I spent summers in Southport NC. Family was renting a beach home for two weeks in the summer. Went back two years ago and the point in Southport where the road looped is washed away as are the 6 homes that were there. If someone wants to live in an ocean front home fine but they should pay all the costs associated with said ownership, especially homeowners insurance and flood insurance offered by the government should not be available to them because the taxpayers subsidize that.
ReplyDeleteAS IT SHOULD BE!
ReplyDeleteWhy in the fuck should I pay a higher premium on my insurance because some rich asshole wants to perch his house at the edge of the world (and then not pay for it when captain obvious fucks up his shit)? Ditto for you asshats in California that refuse to take care of the forests, than complain when they catch fire and burn your home.
Or Earthquake insurance.
Here's a new term for you to learn, and learn it gooder:
NOT MY FUCKING PROBLEM!
Have condo on the emerald coast, building is 47 years old and is built like a brick shithouse. Been through Cat 2, 3 and 4 hurricanes. Still standing but takes $ to repair superficial damage. Prop taxes in last 4 years have doubled ($4,000) and building wind insurance has tripled to a $1,000,000 a year. We have to rent it out on the weeks we are not there or we can't afford it for the few weeks we are there. The rentals cover the carrying costs, taxes and insurance. To have the rental income we have to pay a 12.5% head tax, resort fee and cleaning fee out of the rental payment. These fees average to $325 for each stay. We see about $850 on average to cover the rest. It doesn't anymore. Eventually it always comes down to dollars and cents. We never made much per year but would put the excess dollars into refurbishing and upgrades. 2022 saw us put $25,000 in an upgraded kitchen (45 years old) and furniture (Hurricane Ivan replacement). The renters love it and know what a deal they are getting as renting is cheaper than owning.
ReplyDeleteSpin
Rt 12 with the old man's buick floored, needle bouncing at (+/-) 91
ReplyDelete