Quote:
Originally Posted by JohnN
yes, the prices are going up. 5-7% per year is probably about right.
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After 9 years here, I do remember joyously watching prices rise the first 3-4 years. However, then there were 2 years where they fell drastically. Don't forget the laws of real estate ownership. We are not immune.
In fact, there was a time during last big RE recession when many subcontractors went bust due to Villages fall in sales. All depends on how many years you have.
And many here say it is hard to break even on rentals due to the overhead. Bond + interest, ammentity fees, insurance, re tax increases, lawn/ landscape/ pest control fees. About $1000 with utilities/ irrigation on top of mortgage.