Quote:
Originally Posted by buggyone
Maybe I shouldn't say anything but I find it amazing so many Villagers have taken out mortgages to live here.
I would think that selling your previous home would have given enough cash to buy without a mortgage. Even with a depressed sellers market up North, with the prices we paid many years ago, there was no trouble making more than enough to pay off a primary mortgage on the house we sold and having more than enough to buy without a mortgage in The Villages.
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Quote:
Originally Posted by aljetmet
This is abosolutely the best time since after WW II to take out a mortgage!
About 4%, real cheap. We haven't had a mortgage in a few years but want to take advantage of the low rates. .......
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Two sides of the coin!
A couple of other sides:
- Not everyone is in the same financial boat to have a paid-off mortgage and/or the equity on their non-TV home to be able to pay cash for a home in TV. No way to know what everybody's personal situation has been.
- Corollary to that point: If somebody needs a mortgage to buy in TV and has the means to support it, is it wrong for the person to go that route?
- To me, the mortgage/no mortgage struggle has always had a good bit of "Whatever makes you sleep well at night" rolled into it as well!!!!
There's no 'one size fits all' answer or conclusion to it......just like the 'to buy or not to buy' discussion that's the initial topic of this thread.
JMHO - for what it's worth.
Bill
