[Velvet]

Originally Posted by Laker14

not really 21K down the toilet. She's not paying any of the 13K-15K carrying costs (amenities, maintenance, taxes, insurance, etc. etc.). She's not paying interest costs on a mortgage. 21K for a year, for a nice place, is a good price. Yes, prices may go up, but they might not. The money she didn't have to put up for down payment etc. may do well otherwise invested.

Nobody really knows.

Unless this would be a second home in TV, doesn’t she have similar costs now where she lives? If she is renting, it’s rolled in to the rent and that money is gone forever.

[sail33or]

My sincerest opinion is that it depends on 2 things:

1. Are you selling a house whereby you are making a huge profit?
2. Do you plan to stay in your next house until you can't anymore?

If answers are yes, then buy what you want now without hesitation.

However if answers are no then let me tell you we are now in a time like no other in History. Do not listen to stuff about the past. I have 5 friends that just sold their houses in the Villages for $400,000 profit. That is absurd. They took the money. (They are buying next house with cash and will sell that house next year for another huge profit.) This is happening everywhere but in The Villages it is more prevalent because of the unique amenities. Just Know The Villages is building another 100,000 houses and then more after that. So pricing will be a contest between are their more people retiring versus how many houses can The Villages build.

[Aces4]

Originally Posted by sail33or

My sincerest opinion is that it depends on 2 things:

1. Are you selling a house whereby you are making a huge profit?
2. Do you plan to stay in your next house until you can't anymore?

If answers are yes, then buy what you want now without hesitation.

However if answers are no then let me tell you we are now in a time like no other in History. Do not listen to stuff about the past. I have 5 friends that just sold their houses in the Villages for $400,000 profit. That is absurd. They took the money. (They are buying next house with cash and will sell that house next year for another huge profit.) This is happening everywhere but in The Villages it is more prevalent because of the unique amenities. Just Know The Villages is building another 100,000 houses and then more after that. So pricing will be a contest between are their more people retiring versus how many houses can The Villages build.

Be very careful when getting into flipping houses. We know a couple who were doing just that in 2007. They used their retirement investments and were flying high when the sh*t hit the fan. Yup, lost just about everything but enough left for a double wide.

[sail33or]

The crazy part is why are people paying these prices to the flippers.

Here is the formula:

Buy new "designer" home (obviously south of 44) for $375,000.

Add small pool, birdcage and outdoor bar/kitchen for $75,000

Then sell for $799,000 in one day.

[sail33or]

Of course The Villages sees this and now the $375,000 Designer home is going for $650-750,000. Just look in the Paper.

[LateBoomer]

any new home even worth considering south of 44 is going to cost you north of $450K

[vintageogauge]

Originally Posted by KRMACK55

Look at other areas then. If you buy a new house you will find that you need to sign a waiver for the villages to use aluminum rather than lumber and every year they make the houses cheaper offer less and lots get smaller. My house is 2 years old and I want to sell. It’s a large house and the only bites I’m getting in Fenny are people looking to list flip or want a bargain. I may be forced God help me to use a realtor as I want out by September.

Expand your search. Prices won’t go down as interest rates go up.

If you have a house in Fenney and you can't sell it, you are either not advertising it in the right places, asking too much for it or you are not on a desirable lot as they homes in Fenney are generally sold within a few days.

[Stu from NYC]

Originally Posted by Aces4

Be very careful when getting into flipping houses. We know a couple who were doing just that in 2007. They used their retirement investments and were flying high when the sh*t hit the fan. Yup, lost just about everything but enough for a double wide.

Home prices will keep going up until they stop going up and than go down.

[Joe V.]

Originally Posted by LateBoomer

any new home even worth considering south of 44 is going to cost you north of $450K

I would be willing to part with mine for 440,000.

[Stu from NYC]

Originally Posted by Joe V.

I would be willing to part with mine for 440,000.

But than where do you go?

[Joe V.]

Originally Posted by Stu from NYC

But than where do you go?

A secret place my wife found near Port Charlotte, on the water, a great deal. Much pressure is being applied to me now to make this happen. I have lived in many great places in Fl and Port Charlotte would be my next great place to live in FL, if she has her way. She usually does.

[ithos]

Originally Posted by sail33or

My sincerest opinion is that it depends on 2 things:

1. Are you selling a house whereby you are making a huge profit?
2. Do you plan to stay in your next house until you can't anymore?

If answers are yes, then buy what you want now without hesitation.

However if answers are no then let me tell you we are now in a time like no other in History. Do not listen to stuff about the past. I have 5 friends that just sold their houses in the Villages for $400,000 profit. That is absurd. They took the money. (They are buying next house with cash and will sell that house next year for another huge profit.) This is happening everywhere but in The Villages it is more prevalent because of the unique amenities. Just Know The Villages is building another 100,000 houses and then more after that. So pricing will be a contest between are their more people retiring versus how many houses can The Villages build.

Where did you get this estimate of 100,00 houses? And what is the footprint?
I don't doubt it because the Morse family would build 500k homes if they could.

[Penglobal]

Originally Posted by LateBoomer

$21K down the toilet. if you're planning to be here many years, buy in. and buy in soon

As previously stated, the 21K lease for the entire year includes all utilities, all taxes, all maintenance, all Villages fees, all bond money, lawn maintenance, all miscellaneous fees and the ability to live in a brand new never lived-in house and the ability to move-in and purchase the exact home when I want. Most importantly, at my age of 63, I can rent here in The Villages until I turn 336 years old () before I run out of money, so I feel relatively safe that I will not out-live my money.

[vintageogauge]

Originally Posted by Penglobal

As previously stated, the 21K lease for the entire year includes all utilities, all taxes, all maintenance, all Villages fees, all bond money, lawn maintenance, all miscellaneous fees and the ability to live in a brand new never lived-in house and the ability to move-in and purchase the exact home when I want. Most importantly, at my age of 63, I can rent here in The Villages until I turn 336 years old () before I run out of money, so I feel relatively safe that I will not out-live my money.

What does never running out of money have to do with the cost of homes. There are thousands of independently wealthy people here that will never run out of money. The fact is by renting you are losing the opportunity to actually make money on your investment and basically live free. When you rent you can't improve your home, you have to abide by the terms of your lease. We purchased our home 4 years ago and with the appreciated value of our home we have lived here free and still made a six figure profit.

[Penglobal]

Originally Posted by vintageogauge

What does never running out of money have to do with the cost of homes. There are thousands of independently wealthy people here that will never run out of money. The fact is by renting you are losing the opportunity to actually make money on your investment and basically live free. When you rent you can't improve your home, you have to abide by the terms of your lease. We purchased our home 4 years ago and with the appreciated value of our home we have lived here free and still made a six figure profit.

Hello and thank you for your reply -
In """"""MY""""" opinion, my rental house is a structure to live in and call home, not a business venture, but a home and thanks to the market, I am living comfortably and I don't require any more money nor stress. As a single female, the ability to rent allows """""me""""" the opportunity to feel my way around which is an experience as a married male you may never understand. Additionally, I still hold residence in PA. and I enjoy the ability to move and live anyplace I wish. BTW - You will not profit six figures or any amount until after you sell and move out of your residence. Thank You again.