Quote:
Originally Posted by Altavia
So you can't verify your no rentals comment...
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After speaking with an expert, I found out that, about a year ago, the developer instructed agents to discourage investors from buying new houses. It was not a written agreement, but, in some cases, they would not sell a house to someone who already owned multiple houses in The Villages, or who openly expressed the intent to buy a house as a rental investment. This policy has recently been discontinued because the market has slowed down. It may seem strange, but, apparently the developer feels that they can control who is able to purchase the new houses. In some cases, a group of houses would be released for sale, and they were immediately purchased by investors. So, I can understand the policy.