Quote:
Originally Posted by jayerose
If I was able to pay off a house there; would I be able to live in The Villages on an annual salary of about $50,000?
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Hi jayerose: You ask a fairly broad question, one that I would feel uncomfortable to respond to without more detail. One poster asked if your $50,000 (4,1666.66 per mo) was a result of retirement income or a viable occupational income. Additionally if you expected that you could secure such income....Maybe you can maybe your occupation is universal? Or maybe its retirement income?
How old are you and how many people will be dependent on your income?
Are there health issues with you or dependents?
You address paying off a mortgage but other than that absent are other debt obligations.
The Villages marketing states you can live a millionaire's lifstyle on your retirement income. I view this as hyperbole. If you want to live like a millionaire you either have to be one or suffer the debt consequences...but then again living like a millionaire is in the eye of the beholder
Next is your lifestyle. Are you are active and travel or a homebody?