[westernrider75]

Originally Posted by R&J in NJ

50%? Sad that the new neighborhoods are so transient. Renters don't care for the homes the same way as full time residents.

Not sure where these neighborhoods are, certainly not mine. Out of approximately 80 homes there are less than 10% that are rentals.

[Girlcopper]

Originally Posted by Villager1234

Seriously, if you add up the cost of potiental repairs and maintenance increases
It might be financially prudent to rent

It is and its fewer headaches. I would never never own but I would never want an already furnished place. I want my own things. Unfurnished annual rental and life is wonderful

[Villager1234]

This whole thread depends on what type of landlord you have. I am in my second long term rental and both landlords were professional. And caring. I was in 2 short term rentals that were horror shows I just read in Village News that a tenant was arrested
They didn’t fix her stove for 7 months and ended up in court Who needs that aggravation?

[Desiderata]

Originally Posted by MightyDog

Rest easy, Jim, rest easy. I didn't lay-out the entire picture because there was no reason to. I'm not trying to sell anybody anything - just fronting some numbers info that is interesting and viable at this particular time.

There are always a multitude of variables to consider in any scenario. Certainly, some of the buyers in the last 3 years that already re-sold or are now selling probably wish they had rented for a year or more. Such a huge amount of hassle only to take a loss.

But, I do find it fascinating how some here seem to have a compulsion to shoot holes in ideas presented. Not sure why they get so triggered. The conversation might flow better if they posed questions instead of making declarations which often sound like tutorials. Yet, we are all of mature ages here so, not really needed.

I actually thought Jim brought up some good points as to why some would prefer to buy, just as the OP brought up excellent points as to why renting could be the way to go for many. I took his comments as point counter point.

[JMintzer]

Originally Posted by Normal

Renting is the only way to go in the current market. Prices will go down further. At best the bottom is reached just before fall. Only someone who doesn’t care about money would buy with the prices high.

[Aces4]

Originally Posted by jimjamuser

Numbers can't tell the FULL story. Let's say that you have a DOG or want to have one. Well, you can't have one at a lot of rentals. A dog protects you, your family, and your personal property. A dog BECOMES part of the family. What is the value of a dog that turns away a potential home break in. Let's say you rent and would like to plant a garden and the landlords say, "no way". If you rent , after 10 years, you have a lot of PRETTY rent receipts and that is ALL. If you purchased your home, you have some equity or may have even paid off the loan. You were able to plant trees and a garden where ever YOU wanted, not what some stranger told YOU to do. YOU have more control over your life and that is PRICELESS !!!!!
.....Having said that, renting for around a year has some benefits because you might find one Village suits your family better than another.

Those "pretty" rent receipts are just that, nice and very pretty compared to all the costs of owning and maintaining a home in The Villages. Not to mention the governmental hand reducing your profits upon sale of your residence. Renting is clean and simple if you rent furnished. We wished we would have rented vs purchasing. The rental prices will not exceed tax increases and other costs one has to absorb when owning a home. If we want to plant flowers, we'll buy a flower pot and load it up.