Quote:
Originally Posted by shaw8700@outlook.com
But if they establish rules that stop STR’s then it will stop all the people coming here and eventually buying. Believe me, you don’t want that. Property values will plummet.
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Investors are not the backbone of the Villages. Residents over 55 who want to enjoy their retirement outnumber them significantly. I find it hard to believe no one will buy a home if they cannot rent in the area first. Many communities sell out without the option to rent before buying. The Villages will not be different.
Home prices plummeting will not affect many residents. Most are happy to stay put in their home until they pass. Many bought their homes BEFORE prices inflated. The market would have to take a significant hit for them to lose money. In the meantime, lower value of homes will stabilize or decrease property taxes and insurance. A small change in monthly payments can help those on a fixed income.
Their children can deal with selling the home when they inherit it. A large profit or loss is no concern to a dead person.