I think this arrangement requires parties with a certain quality and personality -- that of which, I do not possess.
I get claustrophobic just having other homes this close to me, I couldn't imagine having these same random people within my home.
My nephew is 23 and just got his first apartment. He is paying more than his comfort level, but he was adamant that he would rather live more frugally alone than have more money and deal with a co-renter. I thought that was the most logical and adult comment this young man ever made to me -- finally he is growing up.
Again, I think it goes to your personality and risk tolerance. For me, my personality, risk aversion, and desire for some privacy, it ticks a CON on every line in the Pros/Cons checklist.
As to the 9/3 month arrangement, I think this complicates an already untenable situation.
Quote:
Originally Posted by ryoungs
I have done a search of forums but can't find any posts where someone has tried the scheme I am considering. This suggests to me it is probably a stupid idea, but I would be interested in advice.
I am considering buying a three bedroom home in the Villages (none picked out yet) and, as a snowbird, renting it out long term. When my wife and I, or family members, decide to use the house for, say, 3 winter months, the renter would have the use of only one of the three bedrooms plus common areas, but at a greatly reduced rent (similar to an airbnb but at much less cost for the renter). At all other times the renter would have the entire home to use as he (she/they) sees fit, but at closer to normal rental prices (which, again, would be less than it might cost them otherwise)
I do realize it would have to be a perfect fit between the renter(s) and myself, but it sounds like a win-win for us both. It would be an ideal situation if I had a relative or a good friend who wanted to do it.
Comments?
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