Quote:
Originally Posted by Randall55
We sold our home in the Villages for a profit. We are now renting in the Villages. Our social security checks cover all of our expenses and we are enjoying a no maintenance life. The money we made on our home is earning nice interest. There is no reason for us to rush into another home. If there is a deal out there, hopefully, we will find it. We feel most comfortable in a home that will gain equity quickly. Model and location is not that important. Just our preference. And so, we will wait until the right opportunity comes along. We are not missing out on anything.
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It's all good until the landlord raises the rent. Or dies, and the kids abandon it to the bank. Or sells it to a flipper who chooses not to renew your lease next year. Or any other of a number of things that can happen to tenants in senior community homes that belong to someone else.