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Originally Posted by raveneye
Unbelievable....when I saw that $47K I thought it must be a typo, she must have meant $470K. Any number of people would pay 10x what you paid in cash for that house here in Miami.
So we could sell our stratospherically overpriced house, and buy two or three very nice places in Merrill for cash and still have money left over, or we could sit here and pay a mortgage every month....
Merrill looks like a cozy little town, if you could survive the climate. A place on the river might be very nice.
http://maps.google.com/maps?q=merril...7811&t=h&hl=en |
Yup you could do that. You could even rent out two of them for about $6-700/mo as well. Taxes for our 1/4 acre were about $1200 last year so you'd be able to pay the taxes on them in only two months rent.
I love this town. I've lived here since about 1983. As for living on the river - you're never far away. We're only a block away (in fact we're right in the middle of that one big upper loop on the west side of the map). I can leisurely ride my bicycle from one end of town to the other in only 45 minutes. We have 2 grocery stores and a Walmart. Plus MANY small private stores all over town.
If you look
at this thread you can see what kind of house sells for under 70k. In fact that's OURS.
As for the climate - So long as you don't mind snow you'll be fine. Up here even grownups get a few snow days each winter. Who wouldn't want that?
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