Talk of The Villages Florida - View Single Post - How Will 8% Effect The Villages
Thread: How Will 8% Effect The Villages
View Single Post
 
Old 04-12-2024, 12:38 PM
Pairadocs Pairadocs is offline
Soaring Eagle member
Join Date: Oct 2020
Location: Here, there, a lot of time in the Caribbean and keys, not much time spent in cold climates
Posts: 2,317
Thanks: 1,777
Thanked 2,078 Times in 893 Posts
Default
Quote:
Originally Posted by Randall55 View Post
High interest rates mean new retirees may not be able to sell their homes in order to move to the Villages. For those who sell with a sizable profit, investing instead of buying a home is a good option. I am starting to see more year-round renters.No large down payment and maintenance-free living is the attraction.
It is ! I have never in my experience heard so many home owners who have long ago paid off their mortgages, tell me they are considering NOT purchasing their retirement homes, but intend to rent indefinitely. Many advantages true, however, seems like that would also present a lot of tax issues ? ? Would take a lot "pencil pushing" to come up with an accurate answer to which is the "best" financially !