To the editor: This letter is to inform people what is happening to homeowners on Ocean Isle Beach.
I purchased a home in 2001 on Ocean Isle Beach that is 1,500 square feet. The estimated cost to replace my home is $150,000.
My taxes are now $2,392 per year. The insurance on my home is $6,908 per year. This is $775 per month for taxes and insurance on this $150,000 home. I will pay more $150,000 in insurance in 21 years, more than enough to completely replace my home.
Something is not right here!