View Full Version : New patio villas
asianthree
10-30-2015, 07:04 AM
New patio villas in Osceola hills starting at $171,000
jimbo2012
10-30-2015, 07:20 AM
2 1/2 years ago $135K
Big jump :0000000000luvmyhors
Villager Joyce
10-30-2015, 07:33 AM
There is a really nice one for $166.
Topspinmo
10-30-2015, 10:01 AM
Plus bond and landscape?
RickeyD
10-30-2015, 10:17 AM
New patio villas in Osceola hills starting at $171,000
...
gerryann
10-30-2015, 01:22 PM
If a new patio villa goes for 171K then I should get 400K for my 300K designer. What a ripoff for a 1200 sq ft no property double wide. Geez, but I'm sure they're lining up to buy 'em as we speak.
Actually, they probably are.
bargee
10-30-2015, 01:54 PM
If a new patio villa goes for 171K then I should get 400K for my 300K designer. What a ripoff for a 1200 sq ft no property double wide. Geez, but I'm sure they're lining up to buy 'em as we speak.
We've been living in what you describe as a no property doublewide for the past 15 years and are quite happy with it.Hope you enjoy your !!!! 300 K DESIGNER!!! just as much
RickeyD
10-30-2015, 01:59 PM
We've been living in what you describe as a no property doublewide for the past 15 years and are quite happy with it.Hope you enjoy your !!!! 300 K DESIGNER!!! just as much
...
Nucky
10-30-2015, 03:12 PM
If a new patio villa goes for 171K then I should get 400K for my 300K designer. What a ripoff for a 1200 sq ft no property double wide. Geez, but I'm sure they're lining up to buy 'em as we speak. You gotta be kidding rite. It's not April Fools Day. Why the shot at the little people? Never saw this kind of negativity on here before. Wow!
graciegirl
10-30-2015, 03:22 PM
You gotta be kidding rite. It's not April Fools Day. Why the shot at the little people? Never saw this kind of negativity on here before. Wow!
Well said.
Every one's home is their castle. I have been in a lot of houses here and each was beautiful and just right for their owner. A home is sold for what someone will pay for it. But the true value of a home is that it is where we go to rest and renew, to share food with people that we love, where we welcome our friends and enjoy the companionship of our mate if we are blessed to have one. It is a place that keeps us dry and comfortable and we are able to keep our possessions.
There is not one home here any nicer than any other home here. Some are a little bigger than others, but we all have smallish lots and almost all of the kitchens are open to the living area. In ALL of our neighborhoods, we are close to golf and swimming pools and rec centers and near paths that lead us to a lot of fun activities.
I could be very happy in a tent if my treasured friends would come and see me and my spouse and daughter were there with me.
Homes are things. People have hearts and feelings.
Villageswimmer
10-30-2015, 03:31 PM
Well said.
Every one's home is their castle. I have been in a lot of houses here and each was beautiful and just right for their owner. A home is sold for what someone will pay for it. But the true value of a home is that it is where we go to rest and renew, to share food with people that we love, where we welcome our friends and enjoy the companionship of our mate if we are blessed to have one. It is a place that keeps us dry and comfortable and we are able to keep our possessions.
There is not one home here any nicer than any other home here. Some are a little bigger than others, but we all have smallish lots and almost all of the kitchens are open to the living area. In ALL of our neighborhoods, we are close to golf and swimming pools and rec centers and near paths that lead us to a lot of fun activities.
I could be very happy in a tent if my treasured friends would come and see me and my spouse and daughter were there with me.
Homes are things. People have hearts and feelings.
:agree:
asianthree
10-30-2015, 03:48 PM
The price gets you know fans no blinds no washer and dryer. The light fixtures are exactly the same as our old 2010 patio villa. The cabinets that were Oak were not nearly as nice as ours but if you want to pay $187. you get stainless steel appliances in a corner lot, but no blinds washer and dryer or fans.
RickeyD
10-30-2015, 05:20 PM
You gotta be kidding rite. It's not April Fools Day. Why the shot at the little people? Never saw this kind of negativity on here before. Wow!
I apologize if I offended you or anyone on this post. My background is construction engineering. I simply look at the numbers and calculate. I didn't think it through in an emotional sense. A major flaw of mine.
Nucky
10-30-2015, 05:30 PM
I apologize if I offended you or anyone on this post. My background is construction engineering. I simply look at the numbers and calculate. I didn't think it through in an emotional sense. A major flaw of mine.
I've had it$$ I've Lost it$$ I chased it $$ I got it back$$ 2008 lost it again $$. I understand where your coming from now. No harm no foul. Need more people who do what you just did. Good man in my opinion.
It's easier being modest because I no longer have to worry about how to hold onto all that "stuff" I accumulated when I had it $$ Life is funny that way. I'm not chasing it $$ anymore the chase almost killed me.
graciegirl
10-30-2015, 05:55 PM
I've had it$$ I've Lost it$$ I chased it $$ I got it back$$ 2008 lost it again $$. I understand where your coming from now. No harm no foul. Need more people who do what you just did. Good man in my opinion.
It's easier being modest because I no longer have to worry about how to hold onto all that "stuff" I accumulated when I had it $$ Life is funny that way. I'm not chasing it $$ anymore the chase almost killed me.
As you can see, there are fine folks here. Hurry HOME.
golfing eagles
10-30-2015, 06:15 PM
Well said.
Every one's home is their castle. I have been in a lot of houses here and each was beautiful and just right for their owner. A home is sold for what someone will pay for it. But the true value of a home is that it is where we go to rest and renew, to share food with people that we love, where we welcome our friends and enjoy the companionship of our mate if we are blessed to have one. It is a place that keeps us dry and comfortable and we are able to keep our possessions.
There is not one home here any nicer than any other home here. Some are a little bigger than others, but we all have smallish lots and almost all of the kitchens are open to the living area. In ALL of our neighborhoods, we are close to golf and swimming pools and rec centers and near paths that lead us to a lot of fun activities.
I could be very happy in a tent if my treasured friends would come and see me and my spouse and daughter were there with me.
Homes are things. People have hearts and feelings.
Very well said :bigbow:
When we first came on our LSP, I was looking for something with a little bit of size, preferably on a golf course. My wife liked the CYV/patio villa that we stayed in. We must have looked at 70 or 80 properties, drove the sales rep nuts. She ultimately said "I'd live in a tent as long as we are together" You can't beat that, especially after 30 years of marriage.
I still hear an occasional "You paid WHAT for our house"---but it doesn't matter, I'd live in a tent with her as well (as long as it's on a golf course). I'm not envious of people who own million dollar+ homes, nor condescending to those who with less square footage---We're all the same in the pool, playing golf or dancing in the squares---that's part of the magic of TV. There are no "bad" neighborhoods, no "wrong" side of town. I'm happy if my car has 4 wheels and an engine, and if I have 14 clubs in my bag. It's not houses that makes a neighborhood, it's the people, and it's not size that makes a house into a home, it's the family you share it with. Sorry for the lack of the trademark rofl emoticon---there just was no place to fit it in
looneycat
10-31-2015, 09:54 AM
ah choo
Radioman41
10-31-2015, 03:14 PM
I was surprised to see new patio villas after being told by many sales agents there would be no more, only courtyard villas. Tings do change.
graciegirl
10-31-2015, 04:24 PM
I was surprised to see new patio villas after being told by many sales agents there would be no more, only courtyard villas. Tings do change.
ONLY the shadow knows................................
Chatbrat
10-31-2015, 04:40 PM
I had a combat buddy of mine that fell on hard times. we bought him & his wife a fully furnished patio villa in buttonwood a few years ago. Their life has changed a lot and they left the Villages- he is involved in Hollywood-keep an eye out -a movie he is really involved in is opening next week- it will be a blockbuster-its called Spotlight- its about a lawyer mitchell Garabidian who fought the Catholic Church's sex abuse scandal-- my bud has paid me back or my genoracity. His wife was an ex super model--her story was in the Daily Sun awhile back.
dbussone
10-31-2015, 05:39 PM
I had a combat buddy of mine that fell on hard times. we bought him & his wife a fully furnished patio villa in buttonwood a few years ago. Their life has changed a lot and they left the Villages- he is involved in Hollywood-keep an eye out -a movie he is really involved in is opening next week- it will be a blockbuster-its called Spotlight- its about a lawyer mitchell Garabidian who fought the Catholic Church's sex abuse scandal-- my bud has paid me back or my genoracity. His wife was an ex super model--her story was in the Daily Sun awhile back.
You are a special human being. Bless you for your humanity.
Rango
11-01-2015, 07:46 AM
In two years from now when they are selling for $200k, we'll be saying gee only 2 years ago they were selling for $171k.
Villageswimmer
11-01-2015, 07:52 AM
Are they in Lake County? Just wondering what the taxes might be and if there's a bond? Might be a good investment opportunity .
Roaddog53
11-01-2015, 07:59 AM
I've had it$$ I've Lost it$$ I chased it $$ I got it back$$ 2008 lost it again $$. I understand where your coming from now. No harm no foul. Need more people who do what you just did. Good man in my opinion.
It's easier being modest because I no longer have to worry about how to hold onto all that "stuff" I accumulated when I had it $$ Life is funny that way. I'm not chasing it $$ anymore the chase almost killed me.
Soo true....
graciegirl
11-01-2015, 08:17 AM
You are a special human being. Bless you for your humanity.
Lot of wonderful people here. And a lot of them post on this forum.
oakback
11-01-2015, 02:43 PM
So many different reasons for different homes.
To each his/her own.
We currently own three homes.
2 cottages and a waterfront designer, that my wife LOVES.
We're under contract for a 2 br patio villa.
I think if it were just me, I'd live in the patio villa.
Then I could eat the Kobe Beef burgers at Square 1 in Pinellas for breakfast lunch and dinner.
Man are they good :icon_hungry:
Chatbrat
11-01-2015, 04:43 PM
Too all the people who claim to own multiple homes. If you own them free and clear--you own them. If you are paying a mortgage you are renting them from the bank. time for a reality check.
Challenger
11-01-2015, 04:57 PM
Too all the people who claim to own multiple homes. If you own them free and clear--you own them. If you are paying a mortgage you are renting them from the bank. time for a reality check.
How so??
Chatbrat
11-01-2015, 05:12 PM
The only difference between a renter and a person who has a mortgage is the down payment. No one can honestly say they own a car if they're making payments--they don't have clear title--the same should hold for real estate--if you don't have clear title--you don't own it.
What is so difficult to understand.
graciegirl
11-01-2015, 05:22 PM
The only difference between a renter and a person who has a mortgage is the down payment. No one can honestly say they own a car if they're making payments--they don't have clear title--the same should hold for real estate--if you don't have clear title--you don't own it.
What is so difficult to understand.
It is hard to know what is true and not true....because of the anonymity.
There are people with lots of money who have mortgages because of the low rates. They are investing other places. Many of us own outright. Many of us don't.
oakback
11-01-2015, 05:25 PM
Too all the people who claim to own multiple homes. If you own them free and clear--you own them. If you are paying a mortgage you are renting them from the bank. time for a reality check.
I understand you have an aversion to debt. You pay cash for everything.
That is one strategy that many prefer, and has it's merits.
I've been in the real estate industry for over 30 years, and have found that leverage can also be a good thing, if done prudently.
I did leverage some of my purchases when we began buying in TV. We were at the bottom of the market, and it has worked out quite well.
My latest purchase will be cash.
I don't think I would leverage much of a $171,000 patio villa purchase.
But I could be wrong. TV real estate market is quite unique.
Chatbrat
11-01-2015, 05:30 PM
I never had a mortgage in my life -bought new construction houses in Morris County Nj -pre-construction discount-had my crews live in them- used the basements as the job site trailers--all over head was covered by my renters- when the projects ended -threw in a fresh coat of interior paint--made enough so I could retire @ 52
2BNTV
11-01-2015, 05:34 PM
Every one's home is their castle. I have been in a lot of houses here and each was beautiful and just right for their owner. A home is sold for what someone will pay for it. But the true value of a home is that it is where we go to rest and renew, to share food with people that we love, where we welcome our friends and enjoy the companionship of our mate if we are blessed to have one. It is a place that keeps us dry and comfortable and we are able to keep our possessions.
There is not one home here any nicer than any other home here. Some are a little bigger than others, but we all have smallish lots and almost all of the kitchens are open to the living area. In ALL of our neighborhoods, we are close to golf and swimming pools and rec centers and near paths that lead us to a lot of fun activities.
I could be very happy in a tent if my treasured friends would come and see me and my spouse and daughter were there with me.
Homes are things. People have hearts and feelings.
Amen!!!
Some people I know have bought houses where the house owns them and have to check their wallets before they can go out and spend a few bucks.
Mom always used to say, "worry about things you can't fix with money".
Everyone has different needs and desires. As we all age, one does not need a hugh house that one needs to clean. I tell my friends who are in their 50's, "when your in your 70's, you won't be jumping up on Saturday morning and saying, great, I get to clean this big house again"! IMHO
oakback
11-01-2015, 05:36 PM
I never had a mortgage in my life -bought new construction houses in Morris County Nj -pre-construction discount-had my crews live in them- used the basements as the job site trailers--all over head was covered by my renters- when the projects ended -threw in a fresh coat of interior paint--made enough so I could retire @ 52
That's an interesting business model.Good for you. Sounds like it worked out well for you.
Chatbrat
11-01-2015, 05:46 PM
In Morris county NJ in the early 80's bought a house for 189--pre construction-sold for 418-24 months later-- it was a feeding frenzy-check out Zillow Chatham NJ @ eat your heart out for making $$$-sell your house for 1 million & they bulldoze it and build a 3 million MacMansion--in the old days there were bidding wars --Monday morning-after the house was in the NY Times Sunday edition--it was unbelievable
Made more money moving paper than I did wiring projects
oakback
11-01-2015, 06:10 PM
In Morris county NJ in the early 80's bought a house for 189--pre construction-sold for 418-24 months later-- it was a feeding frenzy-check out Zillow Chatham NJ @ eat your heart out for making $$$-sell your house for 1 million & they bulldoze it and build a 3 million MacMansion--in the old days there were bidding wars --Monday morning-after the house was in the NY Times Sunday edition--it was unbelievable
Made more money moving paper than I did wiring projects
:thumbup::thumbup:
No wonder you retired at 52!
Retiring
11-01-2015, 06:34 PM
Too all the people who claim to own multiple homes. If you own them free and clear--you own them. If you are paying a mortgage you are renting them from the bank. time for a reality check.
Even when you don’t have a mortgage you never really own your home. Try not paying the property tax. You will be kicked out, at gunpoint if necessary. You are just renting from the State. If you’re neighbor has a mortgage and you don’t - you are simply paying less rent than your neighbor.
We are forever, “renters.”
Villageswimmer
11-01-2015, 06:39 PM
Getting back on topic...does anyone know approximate taxes and if there is a bond on the new patio villas?
Chatbrat
11-01-2015, 06:40 PM
So you're saying if you don't pay you're income taxes to the Fed --you're renting your life from the Fed--
Taxes are overhead--they are not an encumbrance--if you can't afford your taxes - yopu should be living under a bridge.
graciegirl
11-01-2015, 06:57 PM
So you're saying if you don't pay you're income taxes to the Fed --you're renting your life from the Fed--
Taxes are overhead--they are not an encumbrance--if you can't afford your taxes - yopu should be living under a bridge.
Not exactly. If you can't afford the taxes on the home you want, than choose a home you can afford with taxes you can afford. You don't have to live under a bridge, for pete's sake.
I am still pondering how anyone starting out has all that money to pay cash for something that expensive unless they inherited it. Our first house was $13,900 and we had scrimped and saved and sacrificed for the twenty percent down payment. We were 21 and had dated for four years and worked while we went to school. School was a lot cheaper, but..........A lot of sacrifices to get the down payment and no financial help from the parents.
We have bought all new homes but one over time and made some money on each of them, except one. I have lost track how many, but then we helped our kids get started too. Been a part of a lot of home buying and selling for NOT being in real estate, and we didn't lose money.
We always were very conservative as to what we thought we could afford.
We love this home here. No snow in the driveway........ever.
Challenger
11-01-2015, 06:58 PM
The only difference between a renter and a person who has a mortgage is the down payment. No one can honestly say they own a car if they're making payments--they don't have clear title--the same should hold for real estate--if you don't have clear title--you don't own it.
What is so difficult to understand.
A renter has no share in the equity of the property. He has no right
right to benefit financially from improvements he has made nor does he suffer from a dimunition in value. There are so many differences both legally and socially that it would take a very long time to describe them.
Ownership is not the right answer for all people in all situations. Further renting has appropriate and inappropriate applications. One size does not fit all. The two however are quite different.
Moderator
11-01-2015, 07:23 PM
The topic is new patio villas in The Villages.
If you want to discuss the merits of mortgage vs all cash, feel free to start a new thread.
Moderator.
Packer Fan
11-01-2015, 08:44 PM
Nice to see them still building housing for all incomes if you ask me.
asianthree
11-02-2015, 06:31 AM
Back to patio villas. Neither reps could tell me the bond or taxes, would have to get back to me. Right..but I will say a couple had the ugliest flooring I have ever seen. In my mind anyway
Dr Winston O Boogie jr
11-02-2015, 10:09 AM
2 1/2 years ago $135K
Big jump :0000000000luvmyhors
I moved here about 3-1/2 years ago and $135K was the bottom price, and that was on previously owned villas. Most were in the $150K range.
The price of everything goes up and for those that already own here, that is a good thing.
oakback
11-02-2015, 03:19 PM
I moved here about 3-1/2 years ago and $135K was the bottom price, and that was on previously owned villas. Most were in the $150K range.
The price of everything goes up and for those that already own here, that is a good thing.
I have a theory about patio villas;
(Forgive my generalizations)
Originally TV was designed as a very affordable community, back in the orange blossom manufactured home days. More of a "blue collar" community.
Over time, TV has attracted middle, to upper middle, to upper class folks.
Many who could once afford the "lifestyle" are getting priced out of the market.
The patio villas still offer a reasonable price point, that will allow many people to take advantage of all TV has to offer.
And.. then there are the folks who just don't want a big home. Either they've "been there, done that", or just don't care about the square footage anymore. They are simplifying their life.
I have some tenants that could probably buy and sell me. They just choose to rent. Don't want the headache of homeownership anymore.
They pay me to take their "headaches". ;)
Steve & Deanna
11-02-2015, 07:31 PM
We just never hung around with the 'look what I got crowd.' Guess we're just happy and perfectly pleased with our villa and remain happy for what our friends may have whether a place on the historical side or a big designer.
Well said.
Every one's home is their castle. I have been in a lot of houses here and each was beautiful and just right for their owner. A home is sold for what someone will pay for it. But the true value of a home is that it is where we go to rest and renew, to share food with people that we love, where we welcome our friends and enjoy the companionship of our mate if we are blessed to have one. It is a place that keeps us dry and comfortable and we are able to keep our possessions.
There is not one home here any nicer than any other home here. Some are a little bigger than others, but we all have smallish lots and almost all of the kitchens are open to the living area. In ALL of our neighborhoods, we are close to golf and swimming pools and rec centers and near paths that lead us to a lot of fun activities.
I could be very happy in a tent if my treasured friends would come and see me and my spouse and daughter were there with me.
Homes are things. People have hearts and feelings.
dotti105
11-02-2015, 08:55 PM
The good thing about The Villages is that the "Lifestyle" is available to us all. It is a great place to level the playing field. Literally!!
Renters in any price home, in any location in The Villages, and owners of any home, from the oldest mobile home to the newest largest Premier home all have access to the same amenities, the same lifestyle. We all drive on the same multi-modal paths, enjoy the same beautifully manicured landscaped roads and the great free entertainment in the squares.
Those that are worried about the finances of others, their status as renters or owners, or the size of their homes are missing the beauty of life here.
Happiness here is not found in having the most expensive home, the most upgrades, the most expensive car or the fanciest golf cart. It is about enjoying the fabulous place we have here to live out the golden years of our lives. It is about making friends from different backgrounds and enjoying the things we have in common and discover together.
As far as the new Patio Villas. That is fabulous that they are building those again. They will sell like hotcakes! It is great to provide homes in all price ranges so that this great place is available to more new residents.
The home prices here just go up, as we have all seen. The bargains of 5 yrs ago are gone. The bargains of today are just that!
The new areas of The Villages are lovely and there is a wide variety of home options available. The Patio Villas will be snapped up and the owners will be getting a small part of this paradise. Everyone wins!
Erika
11-03-2015, 12:51 AM
Nice to see them still building housing for all incomes if you ask me.
The reasons that some choose to purchase patio villas do not always have to do with income. Patio villas often appeal to snowbirds who live in TV for three months a year and do not wish to invest a great deal of money into a home that will remain empty for nine months of the year. Also, patio villas are comparable in square footage to many courtyard villas and they offer a nice sized pantry/closet that many other styles don't have.
Chatbrat
11-03-2015, 04:03 AM
The other thing about the patio villa vs a court yard villa --no angled drive way
asianthree
11-03-2015, 07:53 AM
The other thing about the patio villa vs a court yard villa --no angled drive way
That was the killer for us buying a CYV
Dr Winston O Boogie jr
11-03-2015, 08:47 AM
Originally TV was designed as a very affordable community, back in the orange blossom manufactured home days. More of a "blue collar" community.
Over time, TV has attracted middle, to upper middle, to upper class folks.
Many who could once afford the "lifestyle" are getting priced out of the market.
The patio villas still offer a reasonable price point, that will allow many people to take advantage of all TV has to offer.
No question this is how The Villages got started. In fact there are manufactured homes just west of 441/27. That demonstrates that people still wanted inexpensive homes once TV began to expand.
And don't forget, there are plenty of manufactured homes for sale in the historic district that are priced in the low $100s. It is still a very affordable community.
Dr Winston O Boogie jr
11-03-2015, 08:57 AM
The only difference between a renter and a person who has a mortgage is the down payment. No one can honestly say they own a car if they're making payments--they don't have clear title--the same should hold for real estate--if you don't have clear title--you don't own it.
What is so difficult to understand.
That is simply not true on so many levels. There are huge differences between owning real estate, (with or without a mortgage) and renting.
I'm not going to go into the entire laundry list of differences here, but just for starters, every time an owner makes a mortgage payment his equity goes up and the liability goes down. After the mortgage is paid off, the person owns the home outright. A renter receives no share in the property or it's value at any time. After renting for 30 years a renter has nothing. A home owner more than likely owns his home outright.
I'm sure others on this thread can point out many other differences.
justjim
11-03-2015, 09:48 AM
Too all the people who claim to own multiple homes. If you own them free and clear--you own them. If you are paying a mortgage you are renting them from the bank. time for a reality check.
If you want to be "real", a so called home owner is just leasing his/her property from the Government. Quit paying your real estate tax bill (lease) and see how quickly you are no longer the so called owner of the home.
A lot of people have a mortgage on their home because of interest rates. They take their cash and invest it elsewhere. Take a ride (especially historical district) and see how many BMW'S, Cadillac's etc. you see parked in the driveway of their double wide. As said, "different strokes for different folks". :$:
justjim
11-03-2015, 10:01 AM
The reasons that some choose to purchase patio villas do not always have to do with income. Patio villas often appeal to snowbirds who live in TV for three months a year and do not wish to invest a great deal of money into a home that will remain empty for nine months of the year. Also, patio villas are comparable in square footage to many courtyard villas and they offer a nice sized pantry/closet that many other styles don't have.
Nice post. A patio villa does appeal to snowbirds. The bond payoff just barely north of $11,000 on one of the new patio Villas.
Dr Winston O Boogie jr
11-03-2015, 11:01 AM
If you want to be "real", a so called home owner is just leasing his/her property from the Government. Quit paying your real estate tax bill (lease) and see how quickly you are no longer the so called owner of the home.
A lot of people have a mortgage on their home because of interest rates. They take their cash and invest it elsewhere. Take a ride (especially historical district) and see how many BMW'S, Cadillac's etc. you see parked in the driveway of their double wide. As said, "different strokes for different folks". :$:
Being penalized for non payment of taxes has nothing to do with ownership just as having a mortgage has nothing to do with ownership.
As I said in an earlier post there is a laundry list of differences between owning and renting. Far too many for me to list.
But another one to add to my previous post. People who own their homes can borrow money against their equity. Renters don't have this option.
Number 6
11-03-2015, 02:58 PM
Have you ever run a rental car through a car wash? Me neither.
joldnol
11-03-2015, 03:16 PM
Why are folks worried or judgmental on the house others live in? If a patio is not your style, fine but don't put others down for wanting or buying them.
Chatbrat
11-03-2015, 04:27 PM
Ok boys and girls I got my degree in acc't & mg't from Baruch College in NYC. I was taught that a person who rents can be way ahead of a person who owns a house. For the following reasons:
1) interest on a mortgage negates most so -called capital gains.
2) taxes combined with discretionary improvements also negate capital gains
3) having most of your assets locked up into a non liquid asset diminishes opportunity investing
4) real estate like all investments are not guaranteed
5)renters can walk away , so called owners can't
6)fees to realtors also negate capital gains
After backing out every $ spent on a house that you've owned for 30 years & if you have mortgage--the odds are you didn't make a thing--but you felt superior to a renter, who most likely, over the same period ended up with more retirement $$'s
golfing eagles
11-03-2015, 05:24 PM
Ok boys and girls I got my degree in acc't & mg't from Baruch College in NYC. I was taught that a person who rents can be way ahead of a person who owns a house. For the following reasons:
1) interest on a mortgage negates most so -called capital gains.
2) taxes combined with discretionary improvements also negate capital gains
3) having most of your assets locked up into a non liquid asset diminishes opportunity investing
4) real estate like all investments are not guaranteed
5)renters can walk away , so called owners can't
6)fees to realtors also negate capital gains
After backing out every $ spent on a house that you've owned for 30 years & if you have mortgage--the odds are you didn't make a thing--but you felt superior to a renter, who most likely, over the same period ended up with more retirement $$'s
Good analysis, EXCEPT one thing----you have to live somewhere!
let's say I bought my house in 1987 for 125K, and put 200K into it over the years for 325K cost basis. And let's say I sell it for 425K. But I paid about 140K in interest and 160K in property taxes, so I'll be 200K "behind" as an owner. But 200K over 28 years = the equivalent of renting for $595/month.
Trust me, you couldn't rent the property I own for 595/mo. Maybe 2595/ mo. would be closer
asianthree
11-03-2015, 06:13 PM
Back to patio villas. One on the market today for $161
Erika
11-04-2015, 01:54 AM
[QUOTE=justjim;1139727]Nice post.
Thank you!
graciegirl
11-04-2015, 06:03 AM
Have you ever run a rental car through a car wash? Me neither.
I plan to remember that one.
And may present it as my own.
Villager Joyce
11-04-2015, 07:32 AM
Have you ever run a rental car through a car wash? Me neither.
That is telling. :beer3:
Nucky
11-04-2015, 08:30 AM
Somebody, snag that $161,000 Patio Villa for me. I'll gladly repay you on Tuesday. I love both analysis's of owning vs renting..wonderful..but I will still pick owning. Just my choice i guess. That being said. After the array of houses I have flipped I am choosing to buy a manufactured home once we make it to TV as I have always wanted to live in one. I tried to buy a new manufactured home just over the border into PA but was told if I bought that one I would be living there myself. But the ones in TV appeal to my wife also. Gutters, beautiful foundation, concrete entrance steps, no clothes lines, no junk cars, no pink flamingoes all contribute to the magic. It's only two people and a dog, not the whole gang, we did our job its time for us & We don't want to be a slave to a big home. I want to fix all problems with a check book not a paint brush. Life is funny we'll probably end up in a Patio Villa but as long as we're together & in TV we'll be fine.
golfing eagles
11-04-2015, 08:54 AM
Somebody, snag that $161,000 Patio Villa for me. I'll gladly repay you on Tuesday. I love both analysis's of owning vs renting..wonderful..but I will still pick owning. Just my choice i guess. That being said. After the array of houses I have flipped I am choosing to buy a manufactured home once we make it to TV as I have always wanted to live in one. I tried to buy a new manufactured home just over the border into PA but was told if I bought that one I would be living there myself. But the ones in TV appeal to my wife also. Gutters, beautiful foundation, concrete entrance steps, no clothes lines, no junk cars, no pink flamingoes all contribute to the magic. It's only two people and a dog, not the whole gang, we did our job its time for us & We don't want to be a slave to a big home. I want to fix all problems with a check book not a paint brush. Life is funny we'll probably end up in a Patio Villa but as long as we're together & in TV we'll be fine.
I'm beginning to think I should have done that as well. I have a somewhat larger house, but it is still downsizing from up north. My wife doesn't seem to get the concept. Besides all the furniture, I personally packed 80 boxes, mostly dish barrel size. The movers have packed over 200 more and aren't done yet. I think local charities are going to make out quite well on us. Either that or the neighbors will be pis**d off.
PS. We are leaving our pink flamingo bird bath up here:1rotfl:
Dr Winston O Boogie jr
11-04-2015, 12:48 PM
Originally Posted by RickeyD View Post
If a new patio villa goes for 171K then I should get 400K for my 300K designer. What a ripoff for a 1200 sq ft no property double wide. Geez, but I'm sure they're lining up to buy 'em as we speak.
Not only is this insulting to people that own patio villas, but it is incredibly inaccurate. There is a world of difference between a site built home and a manufactured doublewide.
As far as "no property" goes, most of the homes in The Villages don't have very large home sites. I think that it's because most retirees don't want the hassle or expense of maintain a big yard.
Designer homes go for anywhere between $199,900 and $675,000 so it's entirely possible for your designer home to sell for between $500K and $400K depending on the model and condition.
RickeyD
11-05-2015, 07:14 AM
Not only is this insulting to people that own patio villas, but it is incredibly inaccurate. There is a world of difference between a site built home and a manufactured doublewide.
As far as "no property" goes, most of the homes in The Villages don't have very large home sites. I think that it's because most retirees don't want the hassle or expense of maintain a big yard.
Designer homes go for anywhere between $199,900 and $675,000 so it's entirely possible for your designer home to sell for between $500K and $400K depending on the model and condition.
I need to double down here. This post is about patio villas, not about feelings or about the people that live in them. Strictly from a dollars and cents point of view I would rather invest/live in a concrete built 2000 sq ft house with a golf car garage, 10' ceilings, big lanai, decent sized lot, nice cabinetry etc. I've seen the cabinetry in the patio villas, low quality crap. The vaulted ceilings do have that double wide look and the house to lot size ratio is a lot smaller then other style houses. I'm not slamming people here, simply noting observations. Also, many of these patio villas are purchased by investors as rentals only. Designer neighborhoods not so much. Rental neighborhoods are as they always are everywhere. I would rather live in an owner occupied neighborhood, my preference and for many others. I don't need to listen to hogwash, only need to open my eyes. The profit margin on these neighborhoods is higher, that's why they build them. But not too many, otherwise it would drive away those looking for something a little "better". Sorry for not being sensitive or politically correct here but as I've said we're talking patio villas, not about Mr. & Mrs. Retired.
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