Mortgage rates

Discussion in 'Business, Investing & Finance' started by Zambo, Jul 3, 2019.

  1. FireFoley

    FireFoley Senior Member
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    this is all part of my theory as to why things like what is going on will not last. Eventually there is just not enough money to go around. Already about 60% of young people that bought a home b/c of the Kung Flu regret the purchase. Almost no one cares about total debt, they only care about total monthly costs, without any thought to other costs. So when they see that most homes are just money pits, they are already tapped out. Buying homes based on the max that one can afford monthly is a sure way to be a loser in the long run. congrats on the cabin sale and enjoy the new place in Florida. BTW your property taxes would have been even HIGHER in G'ville, LOL
     
    • LagoonGator68

      LagoonGator68 mostly peaceful protester
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      I’m surprised you’re surprised. Just be thankful we don’t get all the government we pay for!
       
    • Gator By Marriage

      Gator By Marriage A convert to Gatorism
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      That's about two miles from where Mrs. G. grew up.
       
      • soflagator

        soflagator Senior Member
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        This.

        When we sold our home in Jupiter to temporarily live in Gainesville, I expected a drastic decrease in living expense. But between property taxes and the fine folks over at GRU, my cost is almost identical to PBC. So yes, @BMF , it could be worse.

        Of course, here, when I venture into actual Gainesville I get to pass by much more homeless people than in most areas. They even have little signs they hold up. I’ve never actually read what they say, but I just assume they’re encouraging messages cheering me on as I drive. Just terrific people. One guy under 75 at Archer even juggles. Where else are you gonna find that type of service?
         
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        • alcoholica

          alcoholica I'm what Willis was talking about
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          I think GRU rates are the highest in Florida. There is a level of incompetence in G'ville that's not seen in cities that size East of the Mississippi.

          BTW, Jax's cost of living is much lower than G'ville
           
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          • FireFoley

            FireFoley Senior Member
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            I left PB County to give G'ville a try and my experiences were the exact same. The GRU thing hit me immediately so I did some sniffing around and between the failed purchase of the wood burning place or whatever and GRU owning the city my antenna went up quickly. My 1700 sq, ft. in Gville using very little a/c when I first arrived equaled my FPL bill in PBC in a 3000sq. ft house running a pool pump 7 hours a day, LOL. Needless to say I have returned to PBC.
             
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            • BMF

              BMF Bad Mother....
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              I lived in unincorporated St. Johns County (Ponte Vedra area) from 2000-2008 and the millage rate & electric rates were great. Because PVB is unincorporated, there's no 'city' taxes. It was about 25% less than Duval County.
               
              • soflagator

                soflagator Senior Member
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                It's funny, I used to live in Juno Beach, just down the street from the FPL headquarters in NPB. The CEO would take a helicopter each morning from his Miami home instead of driving up. Needless to say, it was met with major criticism, as people thought it was a waste of company resources. I didn't really care either way, and got his "increased productivity time" logic. But it was still viewed as an egregious waste of money. Meanwhile, GRU wasted 750 million on a biomass plant that, according to some of its engineers, was a lost cause from the beginning. I'm not sure who structured the financials and projections on the project(Fastow was still in jail I believe), but it was doomed from the start and Alachua county residents are still footing the bill. The first month I was here, my GRU bill was either low 6's or low 7's(can't remember other than the sicker shock). It was summer, but still I'd never seen a utilities bill like that before.

                To alky's point of mismanagement and incompetence, the interactions I've had with actual Gainesvillians has proven that to be largely true. Decent people, very nice. But also very flighty and seem to be completely devoid of common sense and real world logic. Also grown adults wearing tie-dye, Birkenstocks and seeming to have given up on looking good. It's as if they never stopped being intelligent yet clueless college students(see we want riots idea being floated).

                Anyway, my wife likes it, and my kids are entrenched in school. We're outside of town and don't really interact with that group very often so that helps. Definitely worse places to live. But I'd probably be a lot less inclined to stay if we didn't still have a family home back in PBC. An easy 3/3.5 hrs of turnpike and I'm back in a place I understand.
                 
              • FireFoley

                FireFoley Senior Member
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                I think that Biomass deal was like a 20 yr. unbreakable deal. I had never heard of any atty. allowing some type of deal like that except that the atty. and all the city commission got their palms greased big time. I think Poe even said that had he known then (on commission) what he knew now (as Mayor), he would not have voted for it, but cash is cash. So then I read that after they got the plant up and running for use when the main facility was under maintenance, etc., that the city's own independent study showed that burning wood was not more clean than burning coal to produce the electricity. Then I was told it was so cost prohibitive that when GRU needed extra electricity it was cheaper to buy it from a 3rd party. And GRU wants to know why they can't get a contract to supply exces electricity to UF :lmao2:. I was told that each year GRU tries to get a meeting and UF gives them the Salute and won;t even give them a chance! I have lived in some corrupt and poorly run towns/cities, but in combo G'ville is far and away the worst run town/city I have ever resided in.
                 
              • LagoonGator68

                LagoonGator68 mostly peaceful protester
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                Libtards and tree huggers congregate around academia. Tallahassee came within an arrogant K hair of jumping into a biomass tar pit in Perry…I still can hardly believe it was defeated as we vote ourselves every local option sales and property tax known to mankind.
                 
              • FireFoley

                FireFoley Senior Member
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                Oh last story regarding GRU. While living there I met a few people who worked for or retired from GRU. Nice enough people and one guy told me than when he was working for GRU, if he had to make a stop after work before getting home, he would remove any of his GRU clothing before going into a place of business, otherwise he was accosted by the locals, even tho he had nothing to do with rate setting. And to a person, each one I knew who was or had been affiliated with GRU, everyone of them lived in an area where GRU was NOT :lmao2: the electric company (usually Clay Elec.)
                 

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