Quote:
Originally Posted by charlieo1126@gmail.com
to pay cash ,why tie up your money with such low interest rates, put 20% down let the home rise in value and leave the other money to invest in whatever savings.vehicle you choose
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They weren't asking for financial advice. They were asking for data, information.
What I said was true. Most people pay cash for homes in the Villages. That is a fact, whether you think it's a good idea or not.
It is also why mortgage is not included in cost of living in the Villages, in most publications. You don't factor mortgage payments into a monthly cost of living, on a property that has no mortgage on it.
Also FYI - Gracie's estimate of "right about $150" for amenity fee is incorrect. It is $164 for any property purchased, presently. If you buy this month, that's what your amenity fee will be, and continue to be. Next year it might be $172, but that will be for people who buy next year. This year's buyers will still pay $164.
That's why we have residents in the Villages who only pay $84/month for their amenity fees. It's how much it was at the time they purchased the house.