Quote:
Originally Posted by OrangeBlossomBaby
If you rent, you not only get no profit from your investment, you lose 100% of your investment. You never see it again.
If your goal is to make money, then don't ever EVER rent, anything, ever. It's a guaranteed loss.
Properties in the Villages SEEM to have a better chance of stability in value. And don't forget - if the property you buy this year goes up $100k, and you decide to sell it to make that extra $100k - well you'll be out of a home, and need to buy another one. Problem is - the value of the other one will have gone up as well. So you might end up losing in the end.
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Good point, OrangeB, with regard to renting. It is just that, in my case, we'd only initially snowbird for 2 months out of the year, and if TV home prices were declining, it might be better to "lose" 2 months of paying rent rather than see a larger (maybe $10k-$20k+) paper loss on a purchase, not to mention the responsibilities (headache) of long distance ownership to boot.