Talk of The Villages Florida - View Single Post - Can we afford to buy and live here?
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Old 07-26-2020, 11:37 AM
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Quote:
Originally Posted by ScottYvonne View Post
Hello,
My husband has disabled vet pay, and I have disability pay. Total $4800. He still works where we are in a federal gov job in NC. NC is not overly senior-friendly for retirement places. At some point, he needs to stop working. The only debt we have is our truck payment. Can we afford to live there on such little money? My husband seems to think we can, I think, no. What if something significant happens in the house we buy and is costly? By the time we pay movers, closing costs, and other expenses, life-savings will be much lower. We are not rich by any means. We both have no family and need to find a home to settle in one place after years of military service.
What does a couple do when you have no family and are getting old? Do they have places or companies to help people who will need help in the future if that happens? Currently, we live on a military base as retirees, which is super cheap. $1025 for EVERYTHING! But NC does not have options when we get older...thatsbhowbwe oaid all our debt off

A lot of questions, I apologize in advance for so many.

Any advice and knowledge would be appreciated.

Thanks,
Yvonne

Like most people, moving to another state can be stressful. I can almost hear the anxiety is your post.

The "Nuts and Bolts" section will give you an example is what it cost to live here for a 1392 sq ft home. I quickly calculated about $1500 per month. You have to add your monthly truck fee and mortgage. Taxes in TV is very low compared to where I came from. I think it is doable with $4800 per month but that's for you to decide.

Most insurances will cover catrastrophes as I was also worried when I first moved here 7 years ago.

Friends of mine live her comfortably with the same amount of retirement income and I know people who live here on less. My friend has a mortgage also and is paying off a motorcycle loan. I have a friend who is disabled and there are many homes that are built for disabled people. Research and plan accordingly.

TV community has many resources for disabled people and your future neighbors will lend a helping hand.

I would plan for a visit to see if TV is right for you.

I hope this helps!
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