[frose]

don't care about lifestyle, just want to sell my house and go back to family

[dewilson58]

Originally Posted by rsmurano

Supply and demand. Thousands of people are fleeing nyc/California/Chicago .....................

OH NO..............we have plenty of those people.

[spinner1001]

Originally Posted by Robbb

I just read online the stock market decline this year has taken 17 trillion out of the economy, in addition todays 30 year mortgage rate is 7.5%+ yet dozens of new homes are being sold every day in the Villages. I am financially very secure but no way am I going to drop 500K on a house in this market. I just don't get it.

Unlike stock markets and capital markets, real estate markets are local. It’s hard to make generalizations about home prices.

[VApeople]

We decided to move here after visiting in October 2015. We went home to Virginia and got our house ready to sell and found a buyer in April 2016. Then we contacted a realtor in The Villages and found they were giving a 3% discount on new homes, so we put down $10K to reserve a lot.

We moved here in May and rented a villa for a few months. In July we met with a designer and made our choices for a new house and got the 3% discount off the total cost.

If the sales of new homes gets slow, maybe The Villages will do the discount again.

[LuvNH]

Originally Posted by dewilson58

OH NO..............we have plenty of those people.

According to Gov. 1,200 people a day are moving into Florida.

[Altavia]

Originally Posted by retiredguy123

I would suggest that you ask the developer or an agent for a copy of the agreement.

So you can't verify your no rentals comment...

[gweisheipl]

It’s due to demand! If demand drops prices will drop. If demand holds steady, prices hold steady or increase. There are 77 million baby boomers. If only a small percentage of them want to move to Florida, that is a huge number of people.

[Blackbird45]

Most people who live in TV are retirees, they either have enough savings or have sold their previous oversize home and purchase here in cash. Even if you're not into any sports, do not like joining clubs and don't want to interact with other people, TV is one of the safest and most convenient places to live. Especially if you're in the twilight of your life.

[Altavia]

Originally Posted by Papa_lecki

It would be a deed restriction, not in the sales contract.

I would not be surprised if certain villages have short term rental limits. It would be a quality of life item for neighbors.

Some towns made short term (i.e. Air BNB) rental illegal. Long term, annual leases, are fine. The one that comes to mind is Coronado, CA, they aggressively prosecute those who violate.

Which village has this in their deed Restrictions?

[fdpaq0580]

Originally Posted by dewilson58

OH NO..............we have plenty of those people.

Yes. But there is only 1 you. 😎

[FredJacobs]

According to the TV metro statistics, more than half the buyers of homes pay cash without getting a mortgage. Think about it - you have been living in the same house for 40 years and it has appreciated to as high as 10 times your purchase price. Now you have this cash and move to TV. Assuming your IRA's and 401-K's are are fully funded, it makes sense to pay cash and not go through the hassle of a mortgage or pay interest - especially when you can't deduct it on your taxes because you don't qualify for itemized deductions.

[ithos]

After the latest storm Ian, recent retirees may think twice about buying along the coast. IMO the best alternative in Florida would be TV.

[merrymini]

It is my understanding, of which I have no proof, that people purchasing villas were renting them out immediately after purchase, with no intention of living there, therefore creating large areas of housing with no owner occupied units. The situation seems to be south of 44.

[retiredguy123]

Originally Posted by Altavia

So you can't verify your no rentals comment...

I heard the comment from a reliable source, but I am trying to verify it with the sales office.

[Altavia]

Originally Posted by retiredguy123

I heard the comment from a reliable source, but I am trying to verify it with the sales office.

Thanks.

This would be a positive from my perspective. Having a Village where no rentals are permitted, or at least restricted to long term rental, could be very attractive to many buyers.