Quote:
Originally Posted by diskman
looking on mls 32159, shocked to see many foreclosure listings for the villages!
Makes me feel like my plan is only way to go "NO MORTGAGE"
if you can't pay cash retirement here may not be for you!     |
I'm not so sure about that.
We don't know the circumstances of those foreclosures...I have heard that during the big bubble build up, TV was fertile ground for house "flipping."
What do you think happened to those homes that were in the process of being flipped when the bubble burst? The speculators just walked away.
Anyone contemplating retirement anywhere should be crunching numbers making as certain as they can be that there expenses will be covered by income, factoring in the big??? of inflation and health care. If some of those expenses are mortgage payments, and they can be made, that works.
NOT paying a mortgage would take a lot of scariness out of it, for sure, though.