Cape Coral / Ft. Myers -- are the houses free or what? - GoFuckYourself.com

Kard63 · 02-12-2009, 09:42 PM

The price decline in Cape Coral-Ft. Myers gets mentioned on the news and in yahoo headlines all the damn time. Are they giving houses away free down there? I thought that was a place for old people and easy going middle aged people. Why would prices have skyrocketed in the first place? Why are they dropping faster than Vegas?

If the houses really are free I'll take 2. I'll throw in an extra $50 for a 1 bedroom condo facing the water.

WiredGuy · 02-12-2009, 09:49 PM

Wait until you see the property tax bills ;)
WG

Kard63 · 02-12-2009, 10:33 PM

Quote:

Originally Posted by WiredGuy

Wait until you see the property tax bills ;)
WG

Dude, I can't believe I found your ICQ in a forum post from 2001 on a different forum and you didn't hit me back. I deserved a nugget of knowledge for my effort.

Fat Panda · 02-12-2009, 10:46 PM

good luck kard

riscphree · 02-12-2009, 10:46 PM

My friend just bought a house down there. Moving from DC. Guess it's a huuuuge price difference.

WiredGuy · 02-13-2009, 12:25 AM

Quote:

Originally Posted by Kard63

Dude, I can't believe I found your ICQ in a forum post from 2001 on a different forum and you didn't hit me back. I deserved a nugget of knowledge for my effort.

I did accept your request.
WG

davidd · 02-13-2009, 01:40 AM

Quote:

Originally Posted by WiredGuy

Wait until you see the property tax bills ;)
WG

Property taxes are adjusted yearly based on sales for the previous year.

You pay property taxes on a fair market value and you get a $50K homestead exemption.

The property taxes range from 1% to 1.5% in most places. So property tax on a $150K house would be: $150K - $50K (homestead exemption) = $100,000 * .015 = $1500 tax bill. Once you are homesteaded your assessed value is locked in and can only rise 2% a year, regardless how much the value increases.

Your post may have been an issue a couple of years ago... but mainly to those who were low budget folks who could not afford the house to begin with... and the realized they had to actually pay taxes. Read this as subprime people who were renters their entire ife.

I never considered the property taxes to be issue what-so-ever.

ExLust · 02-13-2009, 02:57 AM

Wow! Good luck.

Kard63 · 02-13-2009, 07:18 AM

Quote:

Originally Posted by davidd

Property taxes are adjusted yearly based on sales for the previous year.

You pay property taxes on a fair market value and you get a $50K homestead exemption.

The property taxes range from 1% to 1.5% in most places. So property tax on a $150K house would be: $150K - $50K (homestead exemption) = $100,000 * .015 = $1500 tax bill. Once you are homesteaded your assessed value is locked in and can only rise 2% a year, regardless how much the value increases.

Your post may have been an issue a couple of years ago... but mainly to those who were low budget folks who could not afford the house to begin with... and the realized they had to actually pay taxes. Read this as subprime people who were renters their entire ife.

I never considered the property taxes to be issue what-so-ever.

Wow, in Indiana houses that are about $250k have annual property taxes of of about $4k and that is after homestead and mortgage exemptions. Sounds like Florida is a smidge cheaper.

justinsain · 02-13-2009, 08:18 AM

Cape Coral had the chance to be a nice community. Close to the beaches, houses on waterways and middle to upper class living. It was meant to be a place where a young professional could buy a home. What happened was the undesirable types moved in. The kind who don't maintain their property or contribute to the community. It's now a straight up ghetto run over by thugs and all the " good " people have left. They can't even give houses away there. The only worse place than that is Leigh Acres on the other side of Ft. Myers.

MediumPimpin · 02-13-2009, 09:39 AM

Quote:

Originally Posted by justinsain

Cape Coral had the chance to be a nice community. Close to the beaches, houses on waterways and middle to upper class living. It was meant to be a place where a young professional could buy a home. What happened was the undesirable types moved in. The kind who don't maintain their property or contribute to the community. It's now a straight up ghetto run over by thugs and all the " good " people have left. They can't even give houses away there. The only worse place than that is Leigh Acres on the other side of Ft. Myers.

On the east coast of Florida, Miami, Ft Lauderdale they ran out of room to build, but 80 miles west in Ft Myers and Leigh Acres lots of cheap land they over built and the market crashed.

GatorB · 02-13-2009, 09:53 AM

Quote:

Originally Posted by davidd

Property taxes are adjusted yearly based on sales for the previous year.

You pay property taxes on a fair market value and you get a $50K homestead exemption.

The property taxes range from 1% to 1.5% in most places. So property tax on a $150K house would be: $150K - $50K (homestead exemption) = $100,000 * .015 = $1500 tax bill. Once you are homesteaded your assessed value is locked in and can only rise 2% a year, regardless how much the value increases.

Your post may have been an issue a couple of years ago... but mainly to those who were low budget folks who could not afford the house to begin with... and the realized they had to actually pay taxes. Read this as subprime people who were renters their entire ife.

I never considered the property taxes to be issue what-so-ever.

If you're talking about Florida it's 3% a year not 2 %.

justinsain · 02-13-2009, 10:08 AM

Quote:

Originally Posted by MediumPimpin

On the east coast of Florida, Miami, Ft Lauderdale they ran out of room to build, but 80 miles west in Ft Myers and Leigh Acres lots of cheap land they over built and the market crashed.

I lived in southwest florida from 1972 to 1994. I did the masonry work on the Cape Coral Hospital. I've watched that whole area explode in growth as you've said but Cape Coral and Leigh Acres lost it way before the market crash

scuba steve · 02-13-2009, 10:21 AM

Quote:

Originally Posted by Kard63

The price decline in Cape Coral-Ft. Myers gets mentioned on the news and in yahoo headlines all the damn time. Are they giving houses away free down there? I thought that was a place for old people and easy going middle aged people. Why would prices have skyrocketed in the first place? Why are they dropping faster than Vegas?

If the houses really are free I'll take 2. I'll throw in an extra $50 for a 1 bedroom condo facing the water.

yes they are

UFGators2007 · 02-13-2009, 11:37 AM

You think its bad now? Give it a few more months. The houses in South Florida are a buyer's wet dream, but I wouldn't touch them because its going to get worse. Oh well!

tranza · 02-13-2009, 11:40 AM

pornguy · 02-13-2009, 11:45 AM

A lot of it depends on where you live. I had 10 acres in Florida that cost me 250 a year in taxes. Had a house and barn

baddog · 02-13-2009, 12:01 PM

Quote:

Originally Posted by Kard63

Wow, in Indiana houses that are about $250k have annual property taxes of of about $4k and that is after homestead and mortgage exemptions. Sounds like Florida is a smidge cheaper.

Try being a property owner that doesn't live there. Luckily, IN is so bass-ackwards that they can't even keep up with sending out their own tax bills.

Kard63 · 02-13-2009, 12:59 PM

Quote:

Originally Posted by baddog

Try being a property owner that doesn't live there. Luckily, IN is so bass-ackwards that they can't even keep up with sending out their own tax bills.

Do you lose more than the homestead exemption? Is there some extra way to screw you if you are out of state?

baddog · 02-13-2009, 01:17 PM

Quote:

Originally Posted by Kard63

Do you lose more than the homestead exemption? Is there some extra way to screw you if you are out of state?

I am not sure how many exemptions I lost. I know I lost the homestead and that was huge.

02-12-2009, 09:42 PM	#1
Kard63 Confirmed User Join Date: Nov 2003 Location: 237 619 975 Posts: 8,944	Cape Coral / Ft. Myers -- are the houses free or what? The price decline in Cape Coral-Ft. Myers gets mentioned on the news and in yahoo headlines all the damn time. Are they giving houses away free down there? I thought that was a place for old people and easy going middle aged people. Why would prices have skyrocketed in the first place? Why are they dropping faster than Vegas? If the houses really are free I'll take 2. I'll throw in an extra $50 for a 1 bedroom condo facing the water. __________________

02-12-2009, 09:49 PM	#2
WiredGuy Pounding Googlebot Industry Role: Join Date: Aug 2002 Location: Canada Posts: 34,451	Wait until you see the property tax bills ;) WG __________________ I play with Google.

02-12-2009, 10:46 PM	#5
riscphree Confirmed User Join Date: Aug 2006 Posts: 103	My friend just bought a house down there. Moving from DC. Guess it's a huuuuge price difference. __________________ Need some help? PHP, SQL, JS, jQuery, Server Admin http://riscit.info TrafficLions ask for GFY special Real SEO Traffic ask for GFY special ICQ: 168-518-402 AIM: riscphree Skype: riscphree email: riscphree at gmail dot com

02-13-2009, 02:57 AM	#8
ExLust Confirmed User Join Date: Aug 2008 Posts: 3,223	Wow! Good luck. __________________ BE A PARTNER

02-13-2009, 11:37 AM	#15
UFGators2007 Confirmed User Join Date: Nov 2007 Location: Florida Posts: 1,739	You think its bad now? Give it a few more months. The houses in South Florida are a buyer's wet dream, but I wouldn't touch them because its going to get worse. Oh well! __________________ "I use the Google to pull up maps."

02-12-2009, 10:46 PM	#4
Fat Panda Porn is Dead. Move along. Industry Role: Join Date: Aug 2006 Posts: 13,295	good luck kard

02-13-2009, 08:18 AM	#10
justinsain Confirmed User Join Date: Feb 2005 Posts: 3,374	Cape Coral had the chance to be a nice community. Close to the beaches, houses on waterways and middle to upper class living. It was meant to be a place where a young professional could buy a home. What happened was the undesirable types moved in. The kind who don't maintain their property or contribute to the community. It's now a straight up ghetto run over by thugs and all the " good " people have left. They can't even give houses away there. The only worse place than that is Leigh Acres on the other side of Ft. Myers.

02-13-2009, 11:40 AM	#16
tranza ICQ: 197-556-237 Join Date: Jun 2003 Location: BRASIL !!! Posts: 57,559	__________________ I'm just a newbie.

02-13-2009, 11:45 AM	#17
pornguy Too lazy to set a custom title Industry Role: Join Date: Mar 2003 Location: Homeless Posts: 62,912	A lot of it depends on where you live. I had 10 acres in Florida that cost me 250 a year in taxes. Had a house and barn __________________ PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com \| Angeles Cid \| Mariana Cordoba \| MAILERS WELCOME!