Has anyone else noticed homes are not renting as fast.

[Robbb]

I have been following the winter home rental market in the Villages and it seems to me as though homes are not renting as fast, or at all recently. Several homes have openings for December and even January. Is the market softening or am I missing something?

[Garywt]

Could be anything but I am guessing there are a lot more houses to rent. Everyone seems to be buying houses just to rent them out.

[laboutj]

I have been following the winter home rental market in the Villages and it seems to me as though homes are not renting as fast, or at all recently. Several homes have openings for December and even January. Is the market softening or am I missing something?

There are people that wait until the fall to list their homes because they can get a premium price as a 'last minute' rental. At least that's what I would do if I were to rent our house.

[Two Bills]

Cost is a factor for many of us coming from abroad.
Since Covid restrictions were lifted, high season house rental has doubled, car rental has quadrupled, air fairs double or more, and that is before you add food, entertainment, and all the other extras.
On the plus side, wife and I after 20+ years have called it a day on wintering in TV, so there are an extra two daily Tee times available! :wave:

[Caymus]

Cost is a factor for many of us coming from abroad.
Since Covid restrictions were lifted, high season house rental has doubled, car rental has quadrupled, air fairs double or more, and that is before you add food, entertainment, and all the other extras.
On the plus side, wife and I after 20+ years have called it a day on wintering in TV, so there are an extra two daily Tee times available! :wave:

Have you estimated how much your heating costs will be by staying home?

[Rainger99]

I don't know if the rental market is softening - but the stock market sure is. Americans have lost about $9 trillion dollars this year alone. I would think that would have to have an impact on people's spending - including renting a home in TV.

[Two Bills]

Have you estimated how much your heating costs will be by staying home?

Not a problem.
With all this Global Warming, we will probably sitting in the shade in garden most of the time!

Actually we have a very ecologically built house, lots of insulation, triple glazing etc.
It will not cost half of what the car rental companies were asking for just 3 months rental.:22yikes:

[asianthree]

December usually was not as rentable as January/February/March. If January is available it a owner who broke up the 3 month high season. We had 2 rentals, one unfurnished was long term, same tenets for 10 years. The other furnished rented September 1 to April 30. Averaged 30 to 60 possible tenants that we had to turn down. Sold both when market went crazy here

[Babubhat]

Stock market decline and inflation have reduced discretionary income for the marginal renter.

Strong dollar crushes foreign visitors

[Two Bills]

Stock market decline and inflation have reduced discretionary income for the marginal renter.

Strong dollar crushes foreign visitors

Definitely another factor.
I have always had a US.$ account and topped it up whenever our Pound was strong.
Last time I added to amount it was $1.40 to the £
Sold them off recently when we decided our Village stays were over.
Profit will probably cover our winter fuel bill!

[seecapecod]

Could be anything but I am guessing there are a lot more houses to rent. Everyone seems to be buying houses just to rent them out.

Yes! Especially in the South- I’m considering renting mine (North) and wanted to get a sense for what the rent should be so I went on 3 sites- 90%+ homes for rent were in the new areas.

[agjaret@aol.com]

A small courtyard villa went from 3800 to 4800. Extra 3000 plus for 3 months. Heat won’t be that much.

[G.R.I.T.S.]

Yes! Especially in the South- I’m considering renting mine (North) and wanted to get a sense for what the rent should be so I went on 3 sites- 90%+ homes for rent were in the new areas.

And they’re renting despite that deed restrictions in the newest areas don’t allow rentals (my understanding). I could be wrong.

[NoMo50]

Cost is a factor for many of us coming from abroad.
Since Covid restrictions were lifted, high season house rental has doubled, car rental has quadrupled, air fairs double or more, and that is before you add food, entertainment, and all the other extras.
On the plus side, wife and I after 20+ years have called it a day on wintering in TV, so there are an extra two daily Tee times available! :wave:

Sorry to hear that.

[fgaba1949]

Cost is a factor for many of us coming from abroad.
Since Covid restrictions were lifted, high season house rental has doubled, car rental has quadrupled, air fairs double or more, and that is before you add food, entertainment, and all the other extras.
On the plus side, wife and I after 20+ years have called it a day on wintering in TV, so there are an extra two daily Tee times available! :wave:

totally agree. The overall cost has skyrocketed. A lot of folks in TV live in a world where they seem immune to what is happening in the rest of the world.
Not saying that's bad just a fact,

Mortgage rates are skyrocketing Inflation has hit everything including car rental costs utility costs etc

the National Debt is ballooning

Gas will be going back up and the stock market is plunging except for Energy stocks.

Recession is either here now or soon to be .

A new world order is forming aligning Russia China India and whole bunch of countries we depend on for oil .

the world has changed a lot in the last 2 years and eventually TV will feel it with housing prices coming down and less renters for the foreseeable future

[4557Spahr]

Rental prices in The Villages have gone up so much that they are out of normal peoples reach. Homes that were $3,000 a month just a couple years ago are now $5,000. Greed has taken over. Friends that wanted to rent in The Villages have gone elsewhere for the winter. I guess it’s supply and demand?

[KeithD]

I put my home on the market recently. The season rental was booked within 48 hours. The November and December monthly rentals are still open.

[dschneider]

And they’re renting despite that deed restrictions in the newest areas don’t allow rentals (my understanding). I could be wrong.

Yes you are

[Blackbird45]

If you live long enough, you will see the prices rise and the marketplace always seem to stabilize. It's supply and demand.

[ron32162]

yes you are wrong. Check Zoning for that area If a person buys a house and its zoned short term rental it will always be short term rental

[kkingston57]

Stock market decline and inflation have reduced discretionary income for the marginal renter.

Strong dollar crushes foreign visitors

A lot of truth to that statement. Bet there are a lof of new investors out there who are in the rental market and need to cover their higher cost investment.

Possibly there might be a more renters coming to TV since Fort Myers beaches have been devastated.

[Stu from NYC]

A lot of truth to that statement. Bet there are a lof of new investors out there who are in the rental market and need to cover their higher cost investment.

Possibly there might be a more renters coming to TV since Fort Myers beaches have been devastated.

It will increase demand.

[Regorp]

I have been following the winter home rental market in the Villages and it seems to me as though homes are not renting as fast, or at all recently. Several homes have openings for December and even January. Is the market softening or am I missing something?

Have a rental next door to my lanai, if never gets rented is fine by me. Privacy factor. Rather have a permanent resident.

[charlieo1126@gmail.com]

I usually get people for my home by word of mouth , sometimes they are repeaters ,but I always wait till late November , when price goes up .I’ve never missed out on getting renters , and even if I did ,I would just leave the place empty, as for people talking about greed , I thought we lived in a free market , I have something to sell and someone wants to buy, if they don’t buy I may lower the price , free market .

[jancarrier00@gmail.com]

I have been following the winter home rental market in the Villages and it seems to me as though homes are not renting as fast, or at all recently. Several homes have openings for December and even January. Is the market softening or am I missing something?

Yes you seem to be right. I have a villa in Monarch Grove that I try to rent out during the winter months after I leave each fall. I have February and March rented but not December and January. Everybody wants February, March, and April. It seems the holidays make December less desirable. But I’m not quite understanding why January is not a top pick. Let me know if you have friends or relatives that would like to rent a villa in December or January. Three bedrooms, two baths fully furnished. 720-260-6161.

[MrFlorida]

Costs more to live, some people don't have extra money for fun in the sun.

[Jhrath7@gmail.com]

I have been following the winter home rental market in the Villages and it seems to me as though homes are not renting as fast, or at all recently. Several homes have openings for December and even January. Is the market softening or am I missing something?

Too expensive

[Daddymac]

The Villages sales tells people, You Can Rent The Home out, Until Your Ready To Move Here... What a load of B.S ... They don’t tell you there are over 8,000 homes for rent!!! THEY ARE ONLY LOOKING TO SELL THE HOMES..

[Bruceg0028]

Overall the economy has changed dramatically in the last 12 months. However there will be many snowbirds looking for rentals with the devastation in the Fort Myers area. The people who planned on renting will be displaced and will still want to get out of the cold and snow. I don’t think the reality has sunk in yet and many are waiting to see if their rental will be available. Once the owners get an eye on their properties they will be notifying their tenants and that’s when it may become tough to find open rentals in TV.

[PugMom]

Cost is a factor for many of us coming from abroad.
Since Covid restrictions were lifted, high season house rental has doubled, car rental has quadrupled, air fairs double or more, and that is before you add food, entertainment, and all the other extras.
On the plus side, wife and I after 20+ years have called it a day on wintering in TV, so there are an extra two daily Tee times available! :wave:

why don't you just stay fulltime? is it a visa thing?

[Bruceg0028]

Overall the economy has changed dramatically in the last12 months. However there will be many snowbirds looking for rentals with the devastation in the Fort Myers area. The people who planned on renting will be displaced and will still want to get out of the cold and snow. I don’t think the reality has sunk in yet and many are waiting to see if their rental will be available. Once the owners get an eye on their properties they will be notifying their tenants and that’s when it may become tough to find open rentals in TV.

[Aces4]

Stock market decline and inflation have reduced discretionary income for the marginal renter.

Strong dollar crushes foreign visitors

Many aren’t “marginal” renters, (I find that classification snooty), but are rather wise renters. The costs have surpassed the value at this point.

[mfodale]

A small courtyard villa went from 3800 to 4800. Extra 3000 plus for 3 months. Heat won’t be that much.
We've been renting for the past six or seven years and rental prices are noticeably higher this year, as well as purchase prices on homes.

[Two Bills]

why don't you just stay fulltime? is it a visa thing?

Sent PM.

[Pairadocs]

I don't know if the rental market is softening - but the stock market sure is. Americans have lost about $9 trillion dollars this year alone. I would think that would have to have an impact on people's spending - including renting a home in TV.

Bingo ! that's why 3 of the 4 couples from our former town are NOT coming for the first time in 12 years.

[Babubhat]

Many aren’t “marginal” renters, (I find that classification snooty), but are rather wise renters. The costs have surpassed the value at this point.

When foreign renters are being crushed by energy and inflation they stay home. Not snooty. Reality

[Aces4]

When foreign renters are being crushed by energy and inflation they stay home. Not snooty. Reality

I have a feeling Two Bills is not living on the margins, the cost have surpassed the value and he’s no fool.

[Keninches]

It’s not only the economy, there is an over abundance of rentals. A lot of people bought for rental purposes
for now, thinking of moving here in the future.

[Laker14]

I fully expect that during the high season, this place will look like a ghost town. Come Spring, expect foreclosure signs up and down your street. Following that, the Morses will be homeless, living in one of their polo horse trailers. Yep...
By July, all of the people who held off from buying during the bubble will have been vindicated as they will scoop up properties for pennies compared to what they would have fetched a few months ago...
Me? I'm totally screwed.

[patfla06]

Yes you seem to be right. I have a villa in Monarch Grove that I try to rent out during the winter months after I leave each fall. I have February and March rented but not December and January. Everybody wants February, March, and April. It seems the holidays make December less desirable. But I’m not quite understanding why January is not a top pick. Let me know if you have friends or relatives that would like to rent a villa in December or January. Three bedrooms, two baths fully furnished. 720-260-6161.

January is cold here and expensive.
January is the coldest month almost everywhere.

[loweglor]

Offhand I would say the prices are too high. People don't want to buy the house, they want to rent it.

[Xaribe]

Both myself and my wife were down for the Lifestyle visit (1 week before hurricane Ian). We began to look at several Veranda's in DeLuna. As we drove around the neighborhood, we noticed most of the smaller homes on the side street had new people moving in. However, there was little activity in the larger homes ($400K+). We drove up the street to look at other Veranda's. There stuck into the front lawn was a sign on a brand new Veranda, "For Rent". Having just looked at Rentals, I did noticed other brand new homes for rent as well, evident by the sparse furnishing shown in the pictures. My best guess was that some were purchasing new homes then flipping them as rentals. Strangely, even with rates at 7%, soon to move up, it will be interesting how the housing market does, as Realtors have been marking up many homes as much as 200%.

[Two Bills]

I have a feeling Two Bills is not living on the margins, the cost have surpassed the value and he’s no fool.

A conservative estimate of present rates. For three months rental.Dec-March

House at $4000 per month = $12,000 ( many over that price now.)
Car rental $1500 per month =$4,500 (very conservative estimate.)
Air fair from UK. $1200.
Total $17,700.
That is without food, gas, and general living whilst in TV.

Last visit 2019/20 total trip with all extras for same house, car and air fair $13,000. give or take a $$ or two!

Put the exchange rate in for many foreign visitors, and the value has gone.

[Xaribe]

I fully expect that during the high season, this place will look like a ghost town. Come Spring, expect foreclosure signs up and down your street. Following that, the Morses will be homeless, living in one of their polo horse trailers. Yep...
By July, all of the people who held off from buying during the bubble will have been vindicated as they will scoop up properties for pennies compared to what they would have fetched a few months ago...
Me? I'm totally screwed.

I have been looking at home resales and particularly the prices. I assumed that there would be a nominal increase every year but most are nearly 100% and I have seen some at 200%. I don't think I have ever seen it this bad.

[Babubhat]

Richmond homes have been selling in minutes. They are 100k less than resales. The resales need to wake up

[Rainger99]

I saw an article on the internet that housing prices in some large cities may fall 30% because of interest rates.

The article was not about The Villages.

But if it does happen here and prices in TV do fall 30%, (which would only go back to about 2018 prices), what impact would that have on TV?

Would it be good, bad, or not have any significant impact?

[Stu from NYC]

I saw an article on the internet that housing prices in some large cities may fall 30% because of interest rates.

The article was not about The Villages.

But if it does happen here and prices in TV do fall 30%, (which would only go back to about 2018 prices), what impact would that have on TV?

Would it be good, bad, or not have any significant impact?

One could write a book on the answer.

Do not think it would affect those of us already here but future growth might be reduced for a time.

[Laker14]

I have been looking at home resales and particularly the prices. I assumed that there would be a nominal increase every year but most are nearly 100% and I have seen some at 200%. I don't think I have ever seen it this bad.

are you saying that home prices have increased 100% to 200%?

Since when?

[Rainger99]

Do not think it would affect those of us already here but future growth might be reduced for a time.

You think falling home prices will reduce growth? I think rising prices will reduce growth.

[Laker14]

You think falling home prices will reduce growth? I think rising prices will reduce growth.

Falling prices reflect a reduction in growth. They are the result, not the cause.

[Fltpkr]

Stock market decline and inflation have reduced discretionary income for the marginal renter.

Strong dollar crushes foreign visitors

Definitely another factor.
I have always had a US.$ account and topped it up whenever our Pound was strong.
Last time I added to amount it was $1.40 to the £
Sold them off recently when we decided our Village stays were over.
Profit will probably cover our winter fuel bill!


Just curious, where did you have your US account? We have been unable to find any bank or other financial institution that will open an account for someone living outside the US. Thanks for any information you can provide.

[Babubhat]

Look at the Zillow home price history. Used homes asking 25 percent increase and more in 2 years. Not realistic

[Two Bills]

Just curious, where did you have your US account? We have been unable to find any bank or other financial institution that will open an account for someone living outside the US. Thanks for any information you can provide[/B].


I use Wise banking.
You can open accounts in any currency, and transfer in any currency.
Their rates are among the best around.
I had a US $ account for many years, still retain a £ and Euro account.
Never had a problem anywhere using their card, or money transfer services.
Highly recommend them.
They are in US as well

Just a moment... (https://wise.com/)

[Aces4]

Both myself and my wife were down for the Lifestyle visit (1 week before hurricane Ian). We began to look at several Veranda's in DeLuna. As we drove around the neighborhood, we noticed most of the smaller homes on the side street had new people moving in. However, there was little activity in the larger homes ($400K+). We drove up the street to look at other Veranda's. There stuck into the front lawn was a sign on a brand new Veranda, "For Rent". Having just looked at Rentals, I did noticed other brand new homes for rent as well, evident by the sparse furnishing shown in the pictures. My best guess was that some were purchasing new homes then flipping them as rentals. Strangely, even with rates at 7%, soon to move up, it will be interesting how the housing market does, as Realtors have been marking up many homes as much as 200%.

Free money for housing loans created the monster inflation by quite a bit. How soon people forget the mortgage interest rates for the past few years is not normal and a huge factor in the current inflation. It will take time to return to normal but if the current policies hold, we’ll get there.

[JMintzer]

Look at the Zillow home price history. Used homes asking 25 percent increase and more in 2 years. Not realistic

Except, they were selling at those prices, so very realistic...

[valuemkt]

Based upon the blogs I read, there are plenty of new "landlords" that have never owned rental property before that rushed in to buy villas and designers to rent without a thought to how they would make money. After all, everyone was doing it and the house and rental prices were escalating like crazy. How could you possibly lose ? They had (have) no idea what a protective lease was (is), dont know what to do when they get that call at midnight, or what to do when their unscreened tenant tenant leaves their place a wreck etc etc .. Reminds me of a time in the heyday of DELL in Austin when all the young Dellionaires were buying mega mansions and smugly asking .. was there ever a year when the stock market went down ?? I suspect that some stabilization and rationalization of rental rates will occur over the next couple of silly seasons .

[Mike Lansky]

I've been tracking the annual rentals. Specifically the smaller patio villas.

I believe the rental rates are too high.

[ithos]

I've been tracking the annual rentals. Specifically the smaller patio villas.

I believe the rental rates are too high.

Your opinion like mine has no relevance

The market makes the rules as ridiculous as it may seem.

[Dr Winston O Boogie jr]

[QUOTE=Two Bills;2143562]Cost is a factor for many of us coming from abroad.
Since Covid restrictions were lifted, high season house rental has doubled, car rental has quadrupled, air fairs double or more, and that is before you add food, entertainment, and all the other extras.
On the plus side, wife and I after 20+ years have called it a day on wintering in TV, so there are an extra two daily Tee times available! :wave:[/QUOTEt]

I’ve been going to the UK Every year for a while with a break the past few years for Covid. We went this year and airfare was the same as it was in 2019.
I rented a car in California in August and the price was about the same as when I rent a car in Boston in 2021.
Yes, food prices are up a bit rentals are certainly higher but isn’t that normal? As far as entertainment, there is so much free entertainment in The Villages that it would offset any other place in the world.
Not sure where y live but I can’t imagine any place with mild winter climate that’s a better deal than The Villages.

[charlieo1126@gmail.com]

I've been tracking the annual rentals. Specifically the smaller patio villas.

I believe the rental rates are too high.what people are posting and what there getting are 2 different things and you wouldn’t know that price. There are also many people like me who rent our homes in winter without posting anywhere but word of mouth so what people think they know may not actually be what they know

[Fltpkr]

I use Wise banking.
You can open accounts in any currency, and transfer in any currency.
Their rates are among the best around.
I had a US $ account for many years, still retain a £ and Euro account.
Never had a problem anywhere using their card, or money transfer services.
Highly recommend them.
They are in US as well

Just a moment... (https://wise.com/)

Thanks! Will check them out.

[Two Bills]

[QUOTE=Two Bills;2143562]Cost is a factor for many of us coming from abroad.
Since Covid restrictions were lifted, high season house rental has doubled, car rental has quadrupled, air fairs double or more, and that is before you add food, entertainment, and all the other extras.
On the plus side, wife and I after 20+ years have called it a day on wintering in TV, so there are an extra two daily Tee times available! :wave:[/QUOTEt]

I’ve been going to the UK Every year for a while with a break the past few years for Covid. We went this year and airfare was the same as it was in 2019.
I rented a car in California in August and the price was about the same as when I rent a car in Boston in 2021.
Yes, food prices are up a bit rentals are certainly higher but isn’t that normal? As far as entertainment, there is so much free entertainment in The Villages that it would offset any other place in the world.
Not sure where y live but I can’t imagine any place with mild winter climate that’s a better deal than The Villages.

I refer you too my post #43. Conservative, and recent quotes from all sources.

With the strength of the $, the UK is as cheap as chips to visit at present.
There is however a shortage of candles, as the latest panic is winter power cuts.
Toilet paper is not a problem.
Also the weather is a little cooler than TV!

[Aces4]

[QUOTE=Dr Winston O Boogie jr;2144621]

I refer you too my post #43. Conservative, and recent quotes from all sources.

With the strength of the $, the UK is as cheap as chips to visit at present.
There is however a shortage of candles, as the latest panic is winter power cuts.
Toilet paper is not a problem.
Also the weather is a little cooler than TV!

I enjoy your dry sense of humor.:coolsmiley:

[Caymus]

[QUOTE=Dr Winston O Boogie jr;2144621]

I refer you too my post #43. Conservative, and recent quotes from all sources.

With the strength of the $, the UK is as cheap as chips to visit at present.
There is however a shortage of candles, as the latest panic is winter power cuts.
Toilet paper is not a problem.
Also the weather is a little cooler than TV!

More important, how are the beer supplies holding up?

[MrChip72]

Overall the economy has changed dramatically in the last12 months. However there will be many snowbirds looking for rentals with the devastation in the Fort Myers area.

To be honest, the Fort Myers snowbirds are not really going to have TV near the top of their list as an alternative. Not being near a beach and the average winter temps in TV being significantly less warm would make it a dealbreaker for most people that are used to those things in Southwest FL.