Quote:
Originally Posted by vintageogauge
Most of those that I know sold their homes after buying their new home in TV, I'm sure some will need to sell ahead of time but not all of them. Four years ago homes up north were selling easily, not at the prices they bring today but there was no problem selling them in a reasonable amount of time. Also TV have been selling 7 new homes and 7 re-sales on average for the last 3 years and only recently went up a little higher. This place is unique and there are still 10,000 boomers reaching retirement age every day and they only need a handful and I'm sure there are more then a handful that have the cash.
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Never said there weren't...
We could have paid cash, but we chose to get a mortgage (which is less than what we're making on our investments in that money...)
Once we sell our home up North and move to TV on a more full time bases, we'll re-evaluate. Especially if we decide to buy a small place to keep up ere (where my kids still live...)
But I understand that we're luckier than most, in that we had that option...