Recent comments in /f/RhodeIsland

Swamp_yankee_ninja t1_je50plv wrote

No, If I had the 5% or more for a down payment I would would wait it out and live in a van down by the river before I spent it on a house in RI right now. High Interest rates and inflated home prices don’t mix, something has to give. It’s not just in RI, I watched real estate values spike after 2020 up north as well, people buying property up north, NH, VT and ME sight unseen in some cases. The pandemic unfortunately had people living in the cities thinking about wide open spaces, and man did they buy up property, this has caused value to go up and inventory to go down as well. Inventory in RI is at an all time low, however I’m optimistic that will change. The economy right now is like a train wreck in slow motion, some people are affected more so than others. If you have money, hold on to it as others may not, this will cause a sell off. People who bought homes in the past 3 years paid way over what they should have, they are dealing with a large mortgage payment, one or two monkey wrenches in their life and boom all done. Now times that by thousands.

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Unique-Public-8594 t1_je4z9ql wrote

Massachusetts has better schools generally. The houses are more expensive. Logan has more direct flights but also more traffic. Boston Pops. The Gardner. Harvard and MIT: two power houses. More accessible to Maine, New Hampshire, and Vermont. Boston accent. Higher percentage of people with irish ancestry. They have favorite foods but nothing uniquely only theirs. Sports teams are legendary.

Comparing real estate taxes is tricky. If the rate is lower but the price is higher for example. But Massachusetts nickname is “Taxachusetts.”

Average income in Rhode Island’s wealthiest town (W Greenich) in $126k. Average income in Massachusetts wealthiest town (Dover) is $373k.

Rhode Island is a foodie’s heaven and there is the bonus of living closer to the ocean than most areas in Massachusetts. It has Newport. We have the prestige of Brown. Everyplace is expensive but Rhode Island is still generally more affordable than Massachusetts. There’s waterfire. Lower average income. The hospitals in RI don’t measure up to MGH, Dana Farber, Brighham. There is some mafia presemce. The people tend to be unfriendly to outsiders. There are rivalries between towns that carry into the work place in the form of grudges. Rhode Islanders keep grudges forever. Rhode Islanders love Del’s, coffee milk, NY system hot dogs, and pizza strips. Higher percentage of people with italian ancestry.

Both states love Dunkin.

I’m ok with down votes. I lived 20 years in one, 10 years in the other. This was my experience.

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TzarKazm t1_je4wfew wrote

I hear you. For me, it's about 60/40 like/dislike. I feel like maybe a condo would have better suited me, I'm just so tired of things that need to be fixed. Some people are good at living with things that are not quite right, I am not one of those people. Everywhere I look, I see something that could be better, and it stresses me out.

I spent over a hundred thousand fixing this place when I bought it, and I still spend an amount equal to about half my mortgage every year just on upkeep or maintenance.

Not to mention the hundreds of hours I put in a year doing maintenance myself.

It's definitely a lifestyle choice, and it's not for everyone.

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