Talk of The Villages Florida - Can’t Afford The Villages

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Priced Out of Florida, More Retirees Are Trying This Sunbelt State on For Size
Seniors are finding that Alabama’s Baldwin County is not only more affordable, but has the same weather and same beaches that make its neighbor a popular retirement destination

Our insurance is 460 per year for home insurance-- i think thats a great price. You have to get several quotes for hone insurance- shop around

I have travelers for auto insurance 16 hundred per year-- this is less than i paid in michigan

Quote:

Originally Posted by blueash (Post 2212041)

If you have a car that "lives" in Florida, it must be registered and insured in Florida. It does not matter if you also have property in Massachusetts. This issue is not whether your homeowner's would pay, rather whether your auto insurance will deny coverage if you falsified the main location of your car.

Check with your insurance agent as YMMV

I can get it insured in MA but it would have to be in MA once a year for the inspection sticker.

Quote:

Originally Posted by Ponygirl (Post 2212244)

Some good advice especially abt the increase in heat that affects our health But I know it’s Florida so we can’t say the words “climate change”

My homeowners insurance went from 1200 per year two years ago to 3800 for the next year and I am in a 2-2 courtyard villa Sooo. I am getting quotes now for a new roof to bring the insurance cost down. Ughh.

So that huge rate increase is because of your roof?
That was really my question. How much have insurance rates increased since the hurricane?

Quote:

Originally Posted by Babubhat (Post 2212374)

That is a bit of a stretch. First of all, because of Florida's north-to-south stretch, Jacksonville does not have the" same beaches and weather" as Miami or Naples.

A quick Google search shows that the average January temperatures of Orlando, approximately mid-way down the north-south stretch, are 10 degrees warmer than in Alabama's Baldwin County. Recalling how crisp our mornings in TV can be during the coolest months, I find that significant.

I considered the Carolinas as my winter destination and determined that for me, it wouldn't be warm enough. Others I know love it there. There is a lot to like. However they are not "the same".

Quote:

Originally Posted by jimjamuser (Post 2212229)

I didn't want to confuse the issue with too many solutions to TV Land problems. It seemed that car insurance costs were being zeroed in on........even though there are more important issues involved in deciding to move here or NOT. Initial home costs should be of greater concern. And I agreed with the post about a Patio Villa as a way to keep costs down. I also wanted (in another post) a POTENTIAL TV Land home buyer to be aware of the high HEAT AND humidity of living here in the summer. And the scientists' prediction of record HEAT in the near future.
........(Which I know that you disagree with) but is a factor that should be "front of mind" for any potential buyer staying year-round. They can agree with me (look it up) or with you, I don't care. But, I care to advise them to include in their decision tree whether they want to be exposed to the summer heat. I advise that they SIMPLY research that FACTOR and forget about MINOR factors like home and car insurance!

again…..he lives in Ft. Meyer. He doesn’t need a lesson on Florida heat .

Home Insurance is expensive

Quote:

Originally Posted by DiviAruba (Post 2211794)

I thought I had everything figured out for moving to The Villages. I had to wait for my divorce to go through to buy a house. It went through last week and I am now rethinking if I can afford living in TV.
What is scaring me is homeowners insurance and car insurance. I have a place in MA that I can register the car, so that would make the insurance much cheaper. I am in N Ft Myers and homeowners and car insurance has jumped in price since Ian. Have the prices also gone up for insurance in TV?

In May 2022, I put a new roof on my home in The Villages. Got home insurance through Progressive, $1350 per year after roof was done. This year the renewal was $3900. Needless to say, I had to scramble to find something less expensive. It is something that I have to do EVERY year now, and each year it is getting harder and harder to find an insurance company that will even write a policy. Looking forward to selling and probably just renting for a few months in the winter.

The OP appears to be calculating costs. The one thing I would add is that in addition to home owners insurance and car insurance, there is a good chance that a newer home in The Villages will come with a bond, which has to be paid in addition to the purchase price of the house, so don't forget to figure that in to your calculations.

Quote:

Originally Posted by DiviAruba (Post 2212410)

So that huge rate increase is because of your roof?
That was really my question. How much have insurance rates increased since the hurricane?

It depends.

Our insurance went up around a hundred bucks. But we have a metal roof, and our property has manufactured home insurance, NOT regular homeowner insurance.

Quote:

Originally Posted by THUNDERCHIEF (Post 2212391)

Our insurance is 460 per year for home insurance-- i think thats a great price. You have to get several quotes for hone insurance- shop around

if you say so ,but I find this very hard to believe unless your living in a tent

Quote:

Originally Posted by OrangeBlossomBaby (Post 2212371)

I mean, I'm not a CPA or anything but this is pretty simple math. Here's an example of what I'm talking about - your typical millionaire family:

2 parents, 2 minor children. Household is pulling in around $750,000 per year, while living in their "less than $500,000 home." They want to upgrade. They sock away $100,000 per year for the kids college education. They pick last year's BMW model instead of this year's Mercedes for their new car. They vacation at Yellowstone instead of Cabo, or a Disney cruise instead of a Windjammer.

By the time their kids are old enough for college, they have around $600,000 socked away in their college trust fund. One of them can afford Harvard, the other could probably swing it with a Pell grant to augment.

Now that the kids are in their first year of school, they sell their "less than $500,000" house for - let's call it $400,000. They use most of it as a downpayment on their new home, and sock away another $100,000 for moving expenses and new furnishings and replacing the carpet that came with the house for some nice wooden planks.

Meanwhile - they're still earning $750,000 per year between them. They still have their usual expenses, so their net at the end of the year will still be in the positives, which they can continue to save.

They can live VERY comfortably, and still save money for when they actually retire. And - at that point, their pensions, investments, 401K, Social Security, all of that, will be a lovely nest egg to live off of for the rest of their lives.

I didn’t know we were going back to newlyweds, I thought we were discussing current financial retiree situations, not people living outside the bubble. Another big factor you missed though, is the tax burden from wages and real estate. Poor and lower income people don’t make the largest percent of payments.

BTW, Pell Grants are for very low income families and they sure wouldn’t qualify for that.

Depends how old is your house? AAA does great with house, cars and golf cart 2700/year 😆

Our ins doubled with villages,one year --went elsewhere

Quote:

Originally Posted by THUNDERCHIEF (Post 2212391)

Our insurance is 460 per year for home insurance-- i think thats a great price. You have to get several quotes for hone insurance- shop around

That is a great price. How much coverage does your $460 policy provide ?