[LndLocked]

What does people wanting to have multiple rental property's have to do with the concept of "flipping" ??

Again, why do you object to someone using the free enterprise system of buying a property, improving it and reselling for profit?

[CFrance]

Originally Posted by LndLocked

What does people wanting to have multiple rental property's have to do with the concept of "flipping" ??

Again, why do you object to someone using the free enterprise system of buying a property, improving it and reselling for profit?

What Gracie said. It artificially drives up the price of housing and being able to buy multiple homes at once contributes to absentee landlordism. Besides, every community has rules, and this happens to be our rule, which the developer has every right to impose. If you want to flip houses, go to the Keys.

[LndLocked]

Originally Posted by CFrance

What Gracie said. It artificially drives up the price of housing and being able to buy multiple homes at once contributes to absentee landlordism. Besides, every community has rules, and this happens to be our rule, which the developer has every right to impose. If you want to flip houses, go to the Keys.

So than it is ok for "The Developer" to get market value but not ok for someone else to do the same?

You are entitled to your opinion .... just does not seem very "free enterprise" and the American way of you.

[graciegirl]

Originally Posted by LndLocked

So than it is ok for "The Developer" to get market value but not ok for someone else to do the same?

You are entitled to your opinion .... just does not seem very "free enterprise" and the American way of you.

Repeat after me five times.

The Developer can do no wrong.

[LndLocked]

Originally Posted by graciegirl

Repeat after me five times.

The Developer can do no wrong.

Prob not

[senior citizen]

Originally Posted by bike42

It's clearly stated in the deed restrictions on all new homes and most of the older ones. To read the deed restrictions on any neighborhood you are looking in, go to the district.gov website Village Community Development Districts and use the "How Do I? " section.

Thank you kindly........appreciate that. Good to know.

[Villageshooter]

Originally Posted by LndLocked

Prob not

Just remember this you must drink the Kool-Aid people say it is our rule no it is not our rule? it is the morris (Misspelled on purpose) If there is any money to be made here they want themselves to make it not little drones like us. The free enterprise system only works here for the developer not us

[CFrance]

Originally Posted by LndLocked

So than it is ok for "The Developer" to get market value but not ok for someone else to do the same?

You are entitled to your opinion .... just does not seem very "free enterprise" and the American way of you.

I guess so. It's his land, and I don't see a problem with the rule. In my opinion, allowing flipping would drive the price of housing up. So my feeling is that his rule benefits all who are buying a new house built by him on his land.

[mulligan]

I believe the restrictions should go a lot further. They should be modeled on some of the condominium restrictions that exist in this state. A home can be sold and deeded only to a real person (no trusts, partnerships, corporations, etc.). No rentals allowed for less than 90 days (eliminates most of those who would view our community as a resort). And it is my personal opinion that the first requirement for any kind of real estate ownership in the US of A should be citizenship (don't sell my country to China).

[rayschic]

Originally Posted by LndLocked

So than it is ok for "The Developer" to get market value but not ok for someone else to do the same?

You are entitled to your opinion .... just does not seem very "free enterprise" and the American way of you.

There are many people that flip houses in The Villages. You can buy any resale, foreclosed, bank owned, etc. Fix it up and resell it and make a quick profit. You just can't buy a home down near Brownwood (currently)and sell it in less than one year for a profit. You would be selling in direct competition to the developer.
You can also own more than one home and rent it out. Many, many people have more than one home in The Villages.

[LndLocked]

Originally Posted by CFrance

I guess so. It's his land, and I don't see a problem with the rule. In my opinion, allowing flipping would drive the price of housing up. So my feeling is that his rule benefits all who are buying a new house built by him on his land.

Has the price of a house from The Developer remained the same or has it gone up in accordance with market value?

Once The Developer sold it .. it is no longer "his land"

[LndLocked]

Originally Posted by mulligan

I believe the restrictions should go a lot further. They should be modeled on some of the condominium restrictions that exist in this state. A home can be sold and deeded only to a real person (no trusts, partnerships, corporations, etc.). No rentals allowed for less than 90 days (eliminates most of those who would view our community as a resort). And it is my personal opinion that the first requirement for any kind of real estate ownership in the US of A should be citizenship (don't sell my country to China).

I was unaware that Tamarind Grove was a reservation and you are a Native American.

[LndLocked]

Originally Posted by rayschic

There are many people that flip houses in The Villages. You can buy any resale, foreclosed, bank owned, etc. Fix it up and resell it and make a quick profit. You just can't buy a home down near Brownwood (currently)and sell it in less than one year for a profit. You would be selling in direct competition to the developer.
You can also own more than one home and rent it out. Many, many people have more than one home in The Villages.

I am fully aware of all of that .... just been attempting to get some to justify their position on prohibiting the 1 year resell clause.

I would still like to know just who monitors this and how they enforce it?

[CFrance]

Originally Posted by LndLocked

Has the price of a house from The Developer remained the same or has it gone up in accordance with market value?

Once The Developer sold it .. it is no longer "his land"

I believe it has.

And the land and house are still subject to the Developer's deed restrictions, which we agreed to at closing. If one doesn't like the restrictions, one can choose to buy elsewhere.

[mulligan]

What ?????