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Originally Posted by Villager1234
My crystal ball says rents will stabilize or drop slightly because of all of the new homes being sold to investors. I am a retired tradesman with a little knowledge of mechanical and structural systems (enough to get me in trouble). A person under stress who doesn’t have the experience may get taken advantage of or a least overpay for services
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I was a contractor, now retired. The scenario you described happens FREQUENTLY in the Villages. Good news? Preowned homes have most of the expensive upgrades completed. Many done extremely well. At the same cost as the builder material new, you can find a quality resale that only needs cosmetic changes. New floors, counters, paint, and perhaps tile work. Easy! Best of all, preowned have no bonds and lower taxes.
We are going to continue to rent until we find THAT SPECIAL HOME. Until then, life is good not having to deal with the hassles of maintaining a home. I COMPLETELY understand your viewpoint. Here's hoping interest rates stay up and investors blindly keep buying. What a terrific scenario for renters.