Quote:
Originally Posted by Craig Vernon
The Villages is a retirement resort with many thousands of second homes. Most who purchased homes in the last three years paid a large premium, increases in insurance, maintenance costs and amenity fees are requiring a higher rent to make ends meet. Longer term is a lower per day and is pricing out of the market and struggles to meet the cost increases. Yes, the shorter term is harder on property and neighborhoods but if you are just trying to hang on to your investment this is why short terms are increasing rapidly. If this short-term philosophy does not work, then these homes will be sold most likely at a loss. IMHO
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I think this has less to do with second home buyers and more to do with the proliferation of investors looking to make money