[Robbb]

I have been following the winter home rental market in the Villages and it seems to me as though homes are not renting as fast, or at all recently. Several homes have openings for December and even January. Is the market softening or am I missing something?

[Garywt]

Could be anything but I am guessing there are a lot more houses to rent. Everyone seems to be buying houses just to rent them out.

[laboutj]

Originally Posted by Robbb

I have been following the winter home rental market in the Villages and it seems to me as though homes are not renting as fast, or at all recently. Several homes have openings for December and even January. Is the market softening or am I missing something?

There are people that wait until the fall to list their homes because they can get a premium price as a 'last minute' rental. At least that's what I would do if I were to rent our house.

[Two Bills]

Cost is a factor for many of us coming from abroad.
Since Covid restrictions were lifted, high season house rental has doubled, car rental has quadrupled, air fairs double or more, and that is before you add food, entertainment, and all the other extras.
On the plus side, wife and I after 20+ years have called it a day on wintering in TV, so there are an extra two daily Tee times available!

[Caymus]

Originally Posted by Two Bills

Cost is a factor for many of us coming from abroad.
Since Covid restrictions were lifted, high season house rental has doubled, car rental has quadrupled, air fairs double or more, and that is before you add food, entertainment, and all the other extras.
On the plus side, wife and I after 20+ years have called it a day on wintering in TV, so there are an extra two daily Tee times available!

Have you estimated how much your heating costs will be by staying home?

[Rainger99]

I don't know if the rental market is softening - but the stock market sure is. Americans have lost about $9 trillion dollars this year alone. I would think that would have to have an impact on people's spending - including renting a home in TV.

[Two Bills]

Originally Posted by Caymus

Have you estimated how much your heating costs will be by staying home?

Not a problem.
With all this Global Warming, we will probably sitting in the shade in garden most of the time!

Actually we have a very ecologically built house, lots of insulation, triple glazing etc.
It will not cost half of what the car rental companies were asking for just 3 months rental.

[asianthree]

December usually was not as rentable as January/February/March. If January is available it a owner who broke up the 3 month high season. We had 2 rentals, one unfurnished was long term, same tenets for 10 years. The other furnished rented September 1 to April 30. Averaged 30 to 60 possible tenants that we had to turn down. Sold both when market went crazy here

[Babubhat]

Stock market decline and inflation have reduced discretionary income for the marginal renter.

Strong dollar crushes foreign visitors

[Two Bills]

[QUOTE=Babubhat;2143722]Stock market decline and inflation have reduced discretionary income for the marginal renter.

Strong dollar crushes foreign visitors[/QUOTE]

Definitely another factor.
I have always had a US.$ account and topped it up whenever our Pound was strong.
Last time I added to amount it was $1.40 to the £
Sold them off recently when we decided our Village stays were over.
Profit will probably cover our winter fuel bill!

[seecapecod]

Originally Posted by Garywt

Could be anything but I am guessing there are a lot more houses to rent. Everyone seems to be buying houses just to rent them out.

Yes! Especially in the South- I’m considering renting mine (North) and wanted to get a sense for what the rent should be so I went on 3 sites- 90%+ homes for rent were in the new areas.

[agjaret@aol.com]

A small courtyard villa went from 3800 to 4800. Extra 3000 plus for 3 months. Heat won’t be that much.

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

Originally Posted by seecapecod

Yes! Especially in the South- I’m considering renting mine (North) and wanted to get a sense for what the rent should be so I went on 3 sites- 90%+ homes for rent were in the new areas.

And they’re renting despite that deed restrictions in the newest areas don’t allow rentals (my understanding). I could be wrong.

[NoMo50]

Originally Posted by Two Bills

Cost is a factor for many of us coming from abroad.
Since Covid restrictions were lifted, high season house rental has doubled, car rental has quadrupled, air fairs double or more, and that is before you add food, entertainment, and all the other extras.
On the plus side, wife and I after 20+ years have called it a day on wintering in TV, so there are an extra two daily Tee times available!

Sorry to hear that.

[fgaba1949]

Originally Posted by Two Bills

Cost is a factor for many of us coming from abroad.
Since Covid restrictions were lifted, high season house rental has doubled, car rental has quadrupled, air fairs double or more, and that is before you add food, entertainment, and all the other extras.
On the plus side, wife and I after 20+ years have called it a day on wintering in TV, so there are an extra two daily Tee times available!

totally agree. The overall cost has skyrocketed. A lot of folks in TV live in a world where they seem immune to what is happening in the rest of the world.
Not saying that's bad just a fact,

Mortgage rates are skyrocketing Inflation has hit everything including car rental costs utility costs etc

the National Debt is ballooning

Gas will be going back up and the stock market is plunging except for Energy stocks.

Recession is either here now or soon to be .

A new world order is forming aligning Russia China India and whole bunch of countries we depend on for oil .

the world has changed a lot in the last 2 years and eventually TV will feel it with housing prices coming down and less renters for the foreseeable future