[Altavia]

Originally Posted by as3369

We also live in Tennessee and considering purchasing a home in TV. Which home do you "claim" as your primary residence? I would like to take advantage of the homestead exemption in Florida, but trying to balance everything out.

https://floridarevenue.com/property/documents/pt113.pdf

[LeRoySmith]

Originally Posted by as3369

We also live in Tennessee and considering purchasing a home in TV. Which home do you "claim" as your primary residence? I would like to take advantage of the homestead exemption in Florida, but trying to balance everything out.

We also split time between TN and FL. We recently sold the mountain cabin and are in the thinking stages of selling the house in town which will leave us as full time Floridians. The cost of living in FL is higher but it's better in every other way IMHO (humidity is tough too). Tax, insurance, fuel, groceries are all higher here, again well worth the extra cost. Our 2 homes in TN together cost about what this one does when you add up all the annual costs. The overall value of this house will come in at about 800k, the ones in TN total about 900k.

Up until now we used TN as the primary residence.

[as3369]

Originally Posted by LeRoySmith

We also split time between TN and FL. We recently sold the mountain cabin and are in the thinking stages of selling the house in town which will leave us as full time Floridians. The cost of living in FL is higher but it's better in every other way IMHO (humidity is tough too). Tax, insurance, fuel, groceries are all higher here, again well worth the extra cost. Our 2 homes in TN together cost about what this one does when you add up all the annual costs. The overall value of this house will come in at about 800k, the ones in TN total about 900k.

Up until now we used TN as the primary residence.

We lived in South Florida for a long time and would NEVER move back down there. Moved to Middle Tn in 2011 and seriously considering TV as a 2nd home. Hubby would not be ready for a full-time move yet. Going to visit TV in September to try and find a place! Just doing my due diligence reading these forums to make an informed decision. Also been watching YouTube videos, including realtor Robyn Cavallaro and the Villages Chief is very helptful

[bmcgowan13]

According the Federal Reserve the median income in 2022:
California: $85,300
Florida: $65,300

California remains the 5th largest economy in the world!! California is only behind the ENTIRE US, China, German and Japan. If Cali was its own country it would rank ahead of Russia, England, Italy, Spain, Canada, etc.

The pay rates in Cali are a more (30%) than here in Florida BUT the cost of housing and the cost-of-living reflects that. Yes--if you move from a state like California, New York, Massachusetts, etc. were you were paid a lot more money (and the homes cost/sell for more) and you move to Florida--it will be cheaper.

I suggest that you earn your income/retirement somewhere else and RETIRE to a Right-to-Work (RTW) state where the wages and housing is considerably cheaper. The workers here are paid less so our costs will be a lot less. You can enjoy your well-earned retirement. There are other RTW states that are likewise great places to retire such as Georgia, Tennessee, Texas, South Carolina, Kentucky, West Virginia, Idaho, etc.

Right-to-work law - Wikipedia

Consider all your options...

[Topspinmo]

Originally Posted by Rwirish

No advantage, has become over crowded, best to stay in California.

Isn’t California over crowded?

[CarlR33]

Originally Posted by dewilson58

Dude..................doing a VS's.............could be 200 posts.



No comparison.

And half of those quote not having a state income tax when the original poster said they were RETIRED?

[Bwanajim]

No state income tax. Gas is $3.50 a gallon, and state sales tax is I believe 7%. And our governor is great! I like to say if I want $5 million in the lottery, I would still live here

[MrFlorida]

It's all good here, but you may not like the heat, it's hot here in the summer.

[buzzy]

I always thought that the big difference between Florida and California was that someday California would abruptly fall into the ocean, whereas Florida would slowly be covered by the ocean.

[ElDiabloJoe]

Originally Posted by buzzy

I always thought that the big difference between Florida and California was that someday California would abruptly fall into the ocean, whereas Florida would slowly be covered by the ocean.

Seeing how land mass is less dense than water, you will be waiting a very long time to get that oceanfront property in Aridzona. The Great Floridian Sandbar, however, will likely occur someday.