Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
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-2.65% mortgage rate in Jan 2021 could have bought you a home worth $641k. -7.23% mortgage rate today could buy you a home worth $434k. That's a $207k (32%) decline in purchasing power. |
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#17
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P.S. Please support my new business venture https://www.talkofthevillages.com/fo...9-post179.html Last edited by bcsnave; 08-28-2023 at 12:38 PM. |
#18
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Collapsing
The Florida market is starting to saturate with investments. You can make better gains elsewhere.
__________________
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 |
#19
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__________________
Most things I worry about Never happen anyway... -Tom Petty |
#20
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Something we had when wearing a younger mans clothes.
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#21
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On a 3000/month budget would not want either home. Food would not be affordable.
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#22
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Moreover, the future is always uncertain, sometimes more uncertain than at other times. Anyone who states a human behavioral future event with black and white certainty, probably, but not certainly, wants to sell you something. But discussions about the future, when framed as a probability or risk, has much more validity, but still not a certainty. . and a 50/50 probability, is basically an unknown probability, because both outcomes are even, ergo, unknown or random or binary, either it does or doesn't, which has no value. so you are correct with the obvious. . |
#23
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Pretty sure that $3000 budget is a line item for housing costs. Not their total monthly spending allowance...
__________________
Most things I worry about Never happen anyway... -Tom Petty |
#24
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Not clear from original post but if total income bank would be nuts to approve either mortgage.
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#25
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DOesn't apply to all cash buyers, 40% of americans don't have a mortgage on their homes. . Also questionable application when moving from a higher cost of living location to a lower cost of living area. . also doesn't apply when downsizing boomer. . so. . interest rates play a 60 % part, but not the only part and demand can overwhelm supply locally. . meaning none of this is applicable under certain constraints. . specifically moving higher to lower COL and using cash. |
#26
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When mortgage interest rates are high, people pay cash for the home.
When interest rates are 2% many people get a mortgage. With a large sum of cash, you can invest and make well over 2% interest. |
#27
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Time will tell regarding the prediction. Personally, I hope the prediction is wrong. I don’t want the market for investments in residential homes used for short term rentals to pop, I want it to explode like a nuclear bomb was dropped on it.
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#28
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but , the stock would be a great short! |
Closed Thread |
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