rcknecht
Well-Known Member
After hearing you guys, New Jersey doesn't seem too bad... $60 a year fo registration for two boats... I like the idea of keeping a boat in Costa Rica, or Mexico...
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AND, they raised the value of my 410DA by over $70K this year! I offered to sell it to the auditor but he declined. I am fighting it but the burden of proof is on me. I do have the following information a local broker sent to me though.WOW! That sucks, we just pay annual tag fee which was less than $140. Perhaps another reason we see quite a few folk moving here from CA...especially retirees who like boats
Length |
Boats | Year | [FONT=verdana,helv,sans-serif]Codes[/FONT] | Listed US$ | Sold US$ | Location | |||||
41' | Formula (very similiar... | 2003 | [FONT=verdana,helv,sans-serif]P U TD FG [/FONT] | 169,000 | (04/11) | 135,000 | (02/12) | CA, USA | |||
41' | Sea Ray 41 Express Cru... | 2003 | [FONT=verdana,helv,sans-serif]P U TD FG [/FONT] | 159,900 | (02/10) | 140,000 | (03/11) | FL, USA | |||
41' | Sea Ray 41 SUNDANCER | 2003 | [FONT=verdana,helv,sans-serif]P U TD FG [/FONT] | 110,000 | (05/10) | 110,000 | (11/12) | DC, USA | |||
41' | Sea Ray 410 Express | 2003 | [FONT=verdana,helv,sans-serif]P U TD FG [/FONT] | 149,500 | (10/11) | 118,000 | (07/13) | MD, USA | |||
41' | Sea Ray 410 Express (MD) | 2003 | [FONT=verdana,helv,sans-serif]P U TD FG [/FONT] | 150,000 | (07/12) | 134,000 | (08/12) | MD, USA | |||
41' | Sea Ray 410 Express Cr... | 2003 | [FONT=verdana,helv,sans-serif]P U TD FG [/FONT] | 174,629 | (07/10) | 145,605 | (08/11) | ON, Can | |||
41' | Sea Ray 410 Express Cr... | 2003 | [FONT=verdana,helv,sans-serif]P U TG FG [/FONT] | 139,000 | (12/11) | 132,000 | (05/12) | USA | |||
41' | Sea Ray 410 Express Cr... | 2003 | [FONT=verdana,helv,sans-serif]P U TD FG [/FONT] | 169,500 | (03/11) | 158,500 | (11/11) | FL, USA | |||
41' | Sea Ray 410 Express Cr... | 2003 | [FONT=verdana,helv,sans-serif]P U TG FG [/FONT] | 142,500 | (08/12) | 140,000 | (11/12) | CT, USA | |||
41' | Sea Ray 410 Sundancer | 2003 | [FONT=verdana,helv,sans-serif]P U TD FG [/FONT] | 214,900 | (05/10) | 207,000 | (05/13) | WI, USA | |||
41' | Sea Ray 410 Sundancer | 2003 | [FONT=verdana,helv,sans-serif]P U TG FG [/FONT] | 164,995 | (01/10) | 160,000 | (05/11) | TX, USA | |||
41' | Sea Ray 410 Sundancer | 2003 | [FONT=verdana,helv,sans-serif]P U TD FG [/FONT] | 164,950 | (11/09) | 152,000 | (06/13) | NY, USA | |||
41' | Sea Ray 410 Sundancer | 2003 | [FONT=verdana,helv,sans-serif]P U TG FG [/FONT] | 129,900 | (07/11) | 105,000 | (05/12) | FL, USA | |||
41' | Sea Ray 410 Sundancer ... | 2003 | [FONT=verdana,helv,sans-serif]P U TD FG [/FONT] | 199,000 | (02/10) | 150,000 | (04/10) | NJ, USA | |||
41' | Sea Ray 410DA | 2003 | [FONT=verdana,helv,sans-serif]P U TD FG [/FONT] | 155,900 | (10/08) | 210,000 | (05/10) | OH, USA |
Joe, What ever you do I wish you and yours the best of Luck with everything!
Not to upset anyone paying higher PPT....mine was $90 for the year for my 88 300.
As I understand it, the flood insurance premium hikes are because hitherto the premiums have been heavily subsidized and now that FEMA/Citizens are running short of money they want to put the premiums up dramatically to the unsubsidized rate which in some cases is 3-4 times what folk currently pay. I understand from our Insurance guy, the rate hikes mainly apply to property before the building code required property to be elevated with non-conforming space below (I think it changed about 1974). Therefore, if your home is elevated the flood premium hikes should not apply as the home should not be subject to flood damage as it will only damage anything on the ground floor which is not insured. Some folk are being quoted astronomical insurance rates when they are thinking of buying these single level homes and are backing out of buying them as $18,000 +/-a year for ins. is pretty steep! It will impact the housing market here dramatically if it is implemented on Oct 1st which I think is when it is supposed to do, so be very careful, and if you want to live in a single family home by the water any where choose elevated because if the hikes don't come now they may well do eventuallyMy friends did just return from looking in Fla, and too heard about outrageous flood ins premium hikes soon .this will take some time for us to visit the states and decide. The property taxes were paying on Long Island is outrageous and I'm two miles from the Long Island Sound. Thanks for all the comments so far.
You're right it doesn't look pretty! We would like to downsize to a smaller waterfront home on Siesta Key but won't buy one that's not elevated because of the ins. issues. Unfortunately, I expect many others will feel the same which will make the ranch styles harder to sell. It's going to be a big mess if it goes through. Some folk have spent hundreds of thousands on these older homes built in the 1950's or before and are asking millions for them on Siesta Key which I doubt they will be able to get if all these hikes come to pass.1970 built ranch style home on the water. It's going to hurt. I thought about selling (before the prices decline), buy a newer home without flood for cash (due to equity in my home) and then buy a bigger boat. I'm going to wait and see how this plays out but doesn't look pretty.
Is this ins hike only effecting FLA? Or has anyone seem similar raises in other southern states?Sent from my iPhone using Tapatalk 2
I heard it's the Feds overspend on Sandy and in CO which has caused this nationwide hike too. Folks here who have paid for years and never had a claim are just hoping mad! Siesta Key flooding is why we would never buy there unless elevated, as you say it's bad enough with just the rain In fact, would not consider anywhere at all now unless elevated, far too risky. Our ins. guy told me if we were to build a new elevated our ins. would be cheaper than where we are now which is on a lake on the highest ground around but all built on one level in '97!This is a federal deal (flood insuracne) and will afffect everyone in the US. Florida has the most homes in low lying areas (not necassarily on the water). We have homes nea rus worth $125k and becasue they are in a low lying area their flood insuracne will increase to $4,000+ . Just crazy. I've been told that 40% of the Feds money for fllod has been spent on Sandy and Colorado (areas that were not in a flood zone and did not pay flood insuracne). Thus they are crying poor and and lloking to increase the rates.
Brit - I saw yesterday how bad Siesta Key floods with just the rain we've been getting. I bet the insuracne there will be pretty high.
It's a long, long way off, but does anyone have any input about the Savannah Georgia area?