Quote:
Originally Posted by Barefoot
Yes. As long as they aren't violating the 20% rule. And I think we have a long, long way to go.
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Also, the couple in their 20's could not have children under 19 living with them permanently.
A few years ago, I went to an open house in TV hosted by a Villages real agent representative who owned the house. I said, "Not to be nosy, but there is no way you are 55 years old, and you mentioned you have children in elementary school. How can you live in The Villages?" He said "I don't live in the home, I own it as a rental for investment purposes, but now I want to sell it. My family home is a few miles outside of TV."
So in theory, couldn't a couple (or single) in their 20's own a home in TV for 30 or more years as an investment property renting it out for all those years, then move into the home in TV when they are ready to retire? I don't know how many young couples or singles would want do that, but is it allowable?
Also, hasn't it probably happened that people well under the age of 55 have inherited a home in TV from parent(s), grandparent(s) or another relative?