Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#31
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In another life, some years back, I was a housing policy advisor to a Governor and have some strong opinions on the subject. That doesn't make me right, it only means that I've been forced to think about the subject from a different perspective than most. I probably have stronger opinions on the subject than most, but that's just the way it goes, you can disagree. Homes are just that, "homes". The purpose of homes, is shelter for people and families. Nothing more, nothing less. We [the age demographic in TV] are the first generation in American history, who have expected to "inherit wealth", primarily derived from home appreciation of our parents. Prior to our generation, home appreciation was barely a blip on the radar. We have now become a nation, whose market for shelter (homes) is driven by the notion that homes are a method to accumulate wealth. That is an "amateur investor" driven fallacy. Home appreciation in most cases, generates Monopoly money. It only becomes real money, when someone is able to actualize that money by making a major change in their life [moving, typically]. If every home in your chosen neighborhood appreciated 50% over-night, what did you gain? NOTHING if you want to continue to live in your neighborhood. You may be able to actualize some of that appreciation, but you have to change your life to do it (move). Now we have folks coming on here and pontificating about how STR's are raising home values and should continue. Amateur hour. Yep, STR's can help drive home prices higher, but again ... you need to do something affirmative to actualize that money. There are only (2) ways to actualize your accumulated "Monopoly money". You can move to a new neighborhood that's cheaper (hasn't been infected by the inflation caused by STR's) or .... stay where you are and live in a neighborhood that's turned into a commercial district, Your choice. (The other option is to die and leave your appreciation to your children, who may or may not be able to actualize it.) It seems to me, that people in their 60's and 70's should have seen enough of life by now, to realize living in a neighborhood they love, is more important than their home "appreciating" 10% per year. We should all be smart enough by now to realize, a "home" is shelter, not an investment. Allowing professional investors and speculators to drive home prices in your neighborhood, is self-defeating if you want to live there. Allowing amateurs to do it, is even dumber. As for the poster who said that STR's are no different than single-family homes and don't stress an infra-structure ... you need to wake up and smell the coffee. STR's at a minimum, increase occupancy rates of "seasonal homes" that are now used year around. A 12 year old can see that. STR's are invariably occupied (by definition) folks who are temporary and want to get maximum value for their rental money. Utilize amenities/events/conveniences to the max. Squeeze as much "vacation" into their vacation as they can. Who wouldn't? Take a 6 month vacation home and rent it out for the 6 months you're not using it, nearly doubles the strain on an infrastructure ... simple, basic, 6th grade math. STR's contribute nothing towards the purpose of what homes are intended for ... shelter. STR's provide investment opportunities, for amateurs in most cases. For a price, folks get a temporary base of operations, to take part in the extraneous benefits of a location. Pools, restaurants, golf courses, tennis courts, walking paths, weather, etc. Sounds suspiciously like a hotel to me. We're all sort of doing that in The Villages, but at least the folks who bought homes as year around or seasonal shelters, have made a significant investment. Allowing those investments to be de-valued by investors who now want to be in the hotel business on the cheap, is lunacy. At a minimum, the new amendments to Florida legislation will allow the state to collect taxes due and increase the financial burden the amateur hotel owners will have to absorb. Last edited by BrianL99; 03-08-2024 at 06:34 AM. |
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#32
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The Fed has some concerned with their lending rate and its impact on treasuries and for good reason. Buyers aren’t willing to accept the 7 point charge yet. The savvy know mortgage applications have dropped like a rock. Yes, some pay cash for homes, but that could be contingent on selling a home elsewhere. If you were to buy now, it could be considered “pound foolish”. The bottom isn’t here yet and the market isn’t changing overnight. Waiting on the sidelines as a spectator is the safest route. I still think end of summer 2024 will be the best bottom to purchase?
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Everywhere “ There are those who believe something, and therefore will tolerate nothing; and on the other hand, those who tolerate everything, because they believe nothing.” - Robert Browning |
#33
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#34
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I believe cookie cutter homes with no views are experiencing the most difficulty in this market. When every home looks exactly the same as others, buyers have the advantage. We sold our home for substantial profit a few months ago. We are currently renting. We believe the end of summer will reveal what is going to happen with this market. As a flipper, I am hoping the prices go up. Most likely, this is not going to happen. |
#35
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#36
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Things to look for would be competitive pricing between landscapers or pool builders.
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Everywhere “ There are those who believe something, and therefore will tolerate nothing; and on the other hand, those who tolerate everything, because they believe nothing.” - Robert Browning |
#37
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Love how these threads grow tentacles and stray off of the original topic. I'm guilty as well. This bill is about accountability and fairness. Most of these STR in question are usually owned by individuals that don't know nor care about quality of life....its only about the bottom line. So if this initiative hits in the wallet and makes someone whole with their municipality and more importantly their neighbors...im all in.
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#38
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#40
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Jim DeCastro Garden City, Long Island, NY West Islip, Long Island, NY Village of Citrus Grove (2021) Village of Newell (2023) |
#41
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#42
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AirBNB
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#43
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There is not a neighborhood on earth, that has maintained it's personality (for better or worse) as a result of an influx of STR's. Anyone who says STR's have not affected their neighbors or the neighborhood, is delusional. |
#44
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The vast majority of those who feel affected by STRs admire Gladys Kravitz. That unruly group that rented the place down the street last week? They left last week. That neighbor with the noisy habits? He's been there five years now and isn't going anywhere soon. I know which I would prefer but that just shows I'm delusional.
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Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works. Confirmation bias is real; I can find any number of articles that say so. Victor, NY Randallstown, MD Yakima, WA Stevensville, MD Village of Hillsborough |
#45
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The Villages was probably not a great choice for you. ... or any other community that has Zoning Regulations. |
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