Quote:
Originally Posted by J1ceasar
My father bought his first home in the '60s for 36,000. I sure wish he had bought one for each of his children at the same time. The reality is prices go up and prices go down and you can't time the market exactly what they say about the stocks. My guess is that in the next one to five years we'll see a correction of 20 to 30%.. but however if you have bought tomorrow you will have lived here for 5 years and enjoyed your life here. I want to tell you very simply that there are plenty of other communities besides the villages that are very nice. If you look at a map of Leesburg, you will find at least four with real homes that have been built out of masonry and plaster. Pennbrooke Fairways. There are homes in here if you can find them right now from $150 to 275,000, 1200 units two golf courses two pools. There is Arlington ridge down the road on 27 also about 1,200 homes same price range. There is the plantation on route 27 right off the turnpike on the other side of Leesburg which is 20 minutes closer to the airport which has homes from $200 to 400,000 and is a much larger community of 3,000 homes. There were at least two others on either side of the plantation as well. Remember most of the facilities like the town squares are open to anybody, the movies the shopping it's all available the only thing you can't do is play for free at The villages if you don't live here for golf. There are plenty of other beautiful communities with thousands of very nice people living beautiful lives much cheaper. Not only that but you can live in a beautiful double wide or single for under $50,000 in several other communities with pools and golf courses. Again if you have the money don't worry about it. If you don't have the money there are plenty of other places to enjoy your retirement
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I remember watching my dad pay bills and he had this coupon book for the house mortgage. Like your dad's, bought in the early 60s, around 36,000, and I asked him about the coupon book. I was 6 or 7 years old. He told me that by the time he paid off all of those coupons, I'd be a dad, with kids, and a coupon book of my own to pay off. I remember that, 60+ years later. I don't have a coupon book, but I do have the mortgage(s)...Also I remember many years later reminding him of that conversation and he told me that his tax payments had grown higher than his mortgage.