We all know that homes and the stock market always go up-EXCEPT WHEN THEY DON'T.
Homes are going up for several reasons low mortgage rates, rising material costs, rising labor costs, and rising land costs, Homes are going up everywhere not just in Florida.
Part of the rising cost is due to LEVERAGING. There is no other investment where you can put 20% down and borrow the rest at 3% and put your money into the stock market and make 15-30% on it. Oh and add to this insanity, the average age in the Villages is 70.They cannot deny you a 30 year mortgage due to age.
I do not own rental property. I do wonder what it is like to have a non-rent paying customer evicted. The covid EXCUSE?
I never expected our Villages home would go up. A pleasant surprise IT HAS. An unpleasant awakening. Any place I would move to in or out of the villages has also gone up.
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