canesproponent
Sophomore
- Joined
- Sep 23, 2012
- Messages
- 1,401
There are rich and poor in every city. 28k isn't the same in Florida where RE is 2 times more. RE Taxes 5 times more. Gas is 75 cents more, ect. I Had a house on the second cleanest lake in the USA in Alabama My RE taxes were 461 dollars the first year I moved in for one of the nicest pieces of lakefront property you've ever seen. In Florida if they had a nice lake it would have been 30k+ in taxes. One of my best friends off the lake lived on SS less than 15k a year. He had the most beautiful 100 acres you would find anywhere, pastures and woods, two huge fishing ponds. His taxes were 200 dollars a year. Let's not get into RE here I've spent 30 years investing in it, pretty well schooled on the subject. Got out at the very peak with all my Florida RE in late 2005 while other dopes were buying.
There is zero chance we could live in a city with a median household income of $28,000......................
Miami has a fair amount of abject poverty as well and has a median household income of $67,000
Am sure things are real cheap....... No one wants to live there. We could live in a trailer park in LA and save a ton of money, but opt for an apartment by the beach......................