Quote:
Originally Posted by Jandj1987
You NAILED it!
I’m 57 and I visit TV as much as possible, which is 2-3 times a year. My husband and I still work full time. My parents have owned a home there for 15+ years. We’ve been looking into buying a home there. One thing I may add is a concern that my children (30 and 34) worry about and that is the fact that baby boomers are dying and the generations below them can’t afford to do what even my parents did (own 2 homes). They have also warned me not to buy there because TV won’t sustain the current situation. Specifically #2 and #3 and what I stated above about not having the funds that the boomer generation has.
So, is buying a home in TV a good investment? I don’t want to overpay and have a house that’s worth half in the end. I am fortunate that I can afford to own 2 homes, but I would have to rent it out to help pay the mortgage to sustain two homes until I retired where I would/could move down full time if I chose to.
BTW I happen to love TV!
Please be kind as I am kind. I don’t need someone who thinks they’re the smartest person on the planet (there’s a lot) being nasty and spewing smart ass comments.
~ Thank you.
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As others have said, do not consider buying in The Villages an investment. If you need to have a mortgage to purchase a second home, you're not as fortunate as you would like to think. (I'm not being snarky here... just facts.) Let your money you would use for a down payment earn interest until you can retire. Sell your, hopefully mortgage free, current home and then make your retirement home decision. Until that time, rent for any time you want to spend in The Villages. There are currently a plethora of rentals from which to chose.
Owning in The Villages is very expensive and you would be juggling landlord duties, lawn maintenance, pest control, power washing when required, HVAC care and so forth. The Villages will always have homes for sale and who is to say that by retirement age, you won't have a different plan. Good luck in your planning.