I recommend you read the thread started by Kahuna on walking away from a mortgage. There is a lot info in the responses on the sorry state of the economic future. If you are currently retired and wealthy ... easy answer. If not, my opinion would be to not burden yourself with a second home now. Look in the Daily Sun under rentals... there are a lot of "available due to cancellation". The Villages just built an entire neighborhood of rentals which will, at least, tie up the "lifestyle" market. The last person I'd listen to to make that decision would be the realtor selling the house... I'd talk with my financial advisor, account and attorney.
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