[Joe V.]

Originally Posted by DAVES

Not sure how we entered this thought. Money, there is no shortage of books on this subject. Gold, paper money? Sort of evolved at one time it was land. It can also be diamonds, art etc. It has also been goats, horses, and even children.

Cyber money. You get into stuff like bit coin. Reality, if I was selling my car, home or a pencil. I will only take CASH. Silver quarters, I will take any that anyone wants to sell me for a quarter.

At one time the top commodity in the world was tulip bulbs.

[Stu from NYC]

Think a lot of the demand comes thru word of mouth.

We had never heard of the Villages living in Va but kept going on cruises meeting people who lived here and almost all were in love of this place.

As a result we came and ultimately moved here.

[kkingston57]

Originally Posted by Pballer

Flippers and wanna be landlords. 2006-2008 all over again.

I doubt it. 2006 -2008 housing boom was fueled by lax banking standards/no underwriting of loans. To get a loan back then, seemed to me that all which was required was to show that you were alive. Had friend who bought 2200 square foot home for 100K in 2004.He borrowed against the house and mortgage went up to 5O0K. He could not make payment and bank took it back. House sold in 2008 for less than 80K

A lot more cash buyers now and I would bet that there is a higher % of cash offers in TV than in other parts of the country.

[GoPacers]

Originally Posted by kkingston57

I doubt it. 2006 -2008 housing boom was fueled by lax banking standards/no underwriting of loans. To get a loan back then, seemed to me that all which was required was to show that you were alive. Had friend who bought 2200 square foot home for 100K in 2004.He borrowed against the house and mortgage went up to 5O0K. He could not make payment and bank took it back. House sold in 2008 for less than 80K

A lot more cash buyers now and I would bet that there is a higher % of cash offers in TV than in other parts of the country.

I don't disagree that folks are paying cash but with interest rates as low as they are one would be nuts to not finance as much as they could.

[Mrprez]

I guess I am nuts then. Once I was able to get out of debt, I did and never looked back. Best thing ever.

[Bay Kid]

Originally Posted by Mrprez

I guess I am nuts then. Once I was able to get out of debt, I did and never looked back. Best thing ever.

Any debt is bad. Unless you get a student loan with the hope someone will pay that off for you.

Cash is king.

[G.R.I.T.S.]

Originally Posted by Gpsma

Forget the golf courses...waste of land and resources on a dying game. Better use of land would be apartment houses.

Spoken like a true non golfer…or making fun of the developer.

[Stu from NYC]

Originally Posted by GoPacers

I don't disagree that folks are paying cash but with interest rates as low as they are one would be nuts to not finance as much as they could.

There is a certain satisfaction of not having any debt.

[manaboutown]

Originally Posted by Stu from NYC

Think a lot of the demand comes thru word of mouth.

We had never heard of the Villages living in Va but kept going on cruises meeting people who lived here and almost all were in love of this place.

As a result we came and ultimately moved here.

Living in SoCal and the desert southwest for years I had never heard of The Villages. The book "Leisureville" introduced me to the Villages. After reading a few more books on over 55 communities and meeting a few Villagers on European excursions I concocted a list of communities which I visited. TV was #1 for me by far! After three visits I was all in.

[CoachKandSportsguy]

Originally Posted by GoPacers

I don't disagree that folks are paying cash but with interest rates as low as they are one would be nuts to not finance as much as they could.

Agree with this if working, however, with retirement, the income is limited, and living expenses come from asset income. going from max social security income taxable at 130K to social security max of 35K with a mortgage payment of $1,800 per month, or 20K per year leaving only 15K or a little more than $1K per month is not a life style most retirees want to live,

so, basically, its a generalized statement with little reality attached for retirees.

finance guy