Quote:
Originally Posted by sail33or
My sincerest opinion is that it depends on 2 things:
1. Are you selling a house whereby you are making a huge profit?
2. Do you plan to stay in your next house until you can't anymore?
If answers are yes, then buy what you want now without hesitation.
However if answers are no then let me tell you we are now in a time like no other in History. Do not listen to stuff about the past. I have 5 friends that just sold their houses in the Villages for $400,000 profit. That is absurd. They took the money. (They are buying next house with cash and will sell that house next year for another huge profit.) This is happening everywhere but in The Villages it is more prevalent because of the unique amenities. Just Know The Villages is building another 100,000 houses and then more after that. So pricing will be a contest between are their more people retiring versus how many houses can The Villages build.
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Be very careful when getting into flipping houses. We know a couple who were doing just that in 2007. They used their retirement investments and were flying high when the sh*t hit the fan. Yup, lost just about everything but enough left for a double wide.