[JGibson]

Originally Posted by HIgolfers

And it may be that the Developer now recognizes there is a problem.

Or houses in Middleton aren't selling fast enough.

[Papa_lecki]

Originally Posted by BrianL99

….the owner can't sell for a year, can't buy more than 1 home and can't use the home as an STR. I don't really have any first hand knowledge, just relating what I've heard and seen posted.

Hard to enforce buying more than one house - you can just set up a new LLC for each house - so it’s a different buyer.

[OrangeBlossomBaby]

Originally Posted by Papa_lecki

Hard to enforce buying more than one house - you can just set up a new LLC for each house - so it’s a different buyer.

Don't allow LLCs to buy homes, other than necessary to transfer estates of the deceased to their families. Make a new deed restriction for new areas that they must be individual homeowners, buying the homes, and clarify that the district is intended to be a homeowners' residency district.

[JGibson]

Originally Posted by OrangeBlossomBaby

Don't allow LLCs to buy homes, other than necessary to transfer estates of the deceased to their families. Make a new deed restriction for new areas that they must be individual homeowners, buying the homes, and clarify that the district is intended to be a homeowners' residency district.

There in the business of selling homes not putting further restrictions on selling them.

[Byte1]

Seems like Home insurance would be more costly for an ABB than for a residential home. Just saying......perhaps that person is not being totally honest with their home insurance company. Wonder what would happen if their insurance company received an anonymous call advising them of the situation.

[golfing eagles]

Originally Posted by Byte1

Seems like Home insurance would be more costly for an ABB than for a residential home. Just saying......perhaps that person is not being totally honest with their home insurance company. Wonder what would happen if their insurance company received an anonymous call advising them of the situation.

You would need to know which company is insuring the property

[asianthree]

Originally Posted by Byte1

Seems like Home insurance would be more costly for an ABB than for a residential home. Just saying......perhaps that person is not being totally honest with their home insurance company. Wonder what would happen if their insurance company received an anonymous call advising them of the situation.

Actually insurance for rental is less than homeowners, not by much, about 20-25% less

[BrianL99]

Originally Posted by Byte1

Seems like Home insurance would be more costly for an ABB than for a residential home. Just saying......perhaps that person is not being totally honest with their home insurance company. Wonder what would happen if their insurance company received an anonymous call advising them of the situation.

If you list with AirBnB or **** and most other STR rental sites, they provide supplemental Liability & Theft Insurance.

[JGibson]

There has been chatter that word is traveling fast about the Airbnb issue and may have folks second-guessing about buying in TV.

If I was buying today I would hesitate to buy.

[BrianL99]

Originally Posted by JGibson

There has been chatter that word is traveling fast about the Airbnb issue and may have folks second-guessing about buying in TV.

If I was buying today I would hesitate to buy.

I don't see how the Developer has any interest nor benefit, to address the issue in the established parts of TV.

Existing TV could become the STR Capital of Central Florida and I suspect the Developer will smarten up in the new areas of the South and attempt to control STR usage there.

[OrangeBlossomBaby]

Originally Posted by BrianL99

I don't see how the Developer has any interest nor benefit, to address the issue in the established parts of TV.

Existing TV could become the STR Capital of Central Florida and I suspect the Developer will smarten up in the new areas of the South and attempt to control STR usage there.

Because the existing areas still bear The Villages trademark. If they become "Trailer Trashville" or "Slumlord Heaven" it will reflect on the entire community. And that affects property values, and interest.

[BrianL99]

Originally Posted by OrangeBlossomBaby

Because the existing areas still bear The Villages trademark. If they become "Trailer Trashville" or "Slumlord Heaven" it will reflect on the entire community. And that affects property values, and interest.

History has already proven that's not true.

The so-called "Historic Section" is already Trailer Trashville and that hasn't hurt sales in the Bridgeport area (or other areas) of TV.

[Royaloil]

Originally Posted by Debfrommaine

. Only my opinion but a parent needs to be employed by a business that is associated with TV.

Are TV business owners allowed to have familes in TV?

[oldtimes]

Originally Posted by Royaloil

Are TV business owners allowed to have familes in TV?

Honestly, as long as they are selling houses, I think it's reached the point of anything goes. You can just toss those deed restrictions right out the window. If I were buying today I'd be looking elsewhere.

[Bill14564]

Originally Posted by Royaloil

Are TV business owners allowed to have familes in TV?

I don’t believe there is any legal way to prevent them from buying. And, why would the Villages want to anyway?