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Originally Posted by coloradotim
Interesting article - thanks for posting it. From the article:
"3. You'll regret buying that second home.
A dream of some retirees is to buy a second home to live in part time, and eventually sell their primary home. The advice from advisers: don't. "Our experience with the second home has generally been that they are expensive, a hassle and a mistake," says Neil Hokanson, a financial adviser in Solana Beach, Calif. "Clients could stay at the Ritz-Carlton when they go to their second-home area for far less, and with none of the hassle of frozen pipes, neighbor disputes, volatile housing values.""
In reading talk of the villages, it seems a number of people have done just that (purchase a second home in the villages and rent it out until they are ready to move to the Villages full time). This article says that's a bad idea, but in reading some posts here it has worked out for people. If you have purchased a second home in the Villages, how is that or did that work for you? This is something my wife and I are considering.
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The real estate market in The Villages is unlike any other in the country so this probably is not as risky as if you were buying somewhere else. You know with real estate it's all about LOCATION, LOCATION, LOCATION and you can't get a better LOCATION then here.