Talk of The Villages Florida - View Single Post - Rentals not allowed in newer areas?
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Old 03-12-2022, 02:51 PM
defrey12 defrey12 is offline
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Default …you answered your own question
Quote:
Originally Posted by Laker14 View Post
I can understand why an established resident would not want rental properties on their street, what I am trying to understand is why the developer would be motivated to exclude those interested in buying their product as an investment property from the equation.
Because the DEVELOPER is making SURE the former CANNOT occur for a period of one year. Rentals ALWAYS lower property values for myriad reasons. We are GLAD the developer did this. We’ve owned many a rental unit and we’ve had some very good tenants who are/were nice people. Would I want to live next door to any of them? Not on your life! Trust us. You do NOT want a bunch of investors in TV. We know these guys and many (most) don’t give two s”*ts about about the neighbors.You WANT owners next door, not renters.