Quote:
Originally Posted by Kenswing
In my opinion you can’t equate income to wealth. Not totally anyway. Especially in The Villages. Most have already made their money. The income they show now is from social security, retirement and investments. Smart people manage their income in accordance with the tax burden they’re comfortable with.
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Also most people who live here, bought their retirement home with the proceeds from their previous home. Which means most people here were homeowners, not renters, before they came here. So their current social security checks and pensions are enough to live off of, since they don't have mortgages to deal with.
That's the thing here - as long as you pay in full for your house in The Villages, and don't have to rely on a mortgage, your wealth isn't really all that important. Your income doesn't have to be high. You can live VERY well on $3000/month combined income with two people in the home, including social security and pensions.