[Michael G.]

Originally Posted by rsmurano

I know people that own multiple homes and they have multiple mortgages.

Which means they have huge multiple incomes.

[tophcfa]

Originally Posted by Michael G.

Which means they have huge multiple incomes.

Or it could simply indicate that mortgage underwriting standards have again become dangerously relaxed. Rewind to around 2007, when anyone with a faint pulse could qualify for a mortgage they had very little chance of ever repaying, which resulted in an inevitable nationwide housing market crash which rippled through to the stock market and the economy.

[manaboutown]

Originally Posted by tophcfa

Or it could simply indicate that mortgage underwriting standards have again become dangerously relaxed. Rewind to around 2007, when anyone with a faint pulse could qualify for a mortgage they had very little chance of ever repaying, which resulted in an inevitable nationwide housing market crash which rippled through to the stock market and the economy.

Bank of America tests no-down-payment mortgages for Black, Latino homebuyers | Fox Business

[Laker14]

Originally Posted by manaboutown

Bank of America tests no-down-payment mortgages for Black, Latino homebuyers | Fox Business

what could go wrong?

[Stu from NYC]

Originally Posted by manaboutown

Bank of America tests no-down-payment mortgages for Black, Latino homebuyers | Fox Business

Did they not learn a lesson the last time they did this?

[MX rider]

Originally Posted by Laker14

This is the place for it. If you like to be busy and active, you'll love it here.

Oh yes. We're very active. Both in our mid 60's and very fit. I still ride my dirt bike and mountain bike. Plus I'm an avid runner. Lots to do outside the bubble as well.That's why we chose the Villages. Been there 3 times since we bought our house. We love it.

[Garywt]

Originally Posted by Michael G.

Do you feel snowbirds are wealthier than the people that live in TV year around?

They would need:

2 homes.
2 wardrobes at each house.
2 cars.
2 tax bills.
2 heating/cooling bills.
2 yard maintenance contracts.
2 doctors/dentist etc.
And someone to check on each house for 6 months.

We in TV thank you for sharing your wealth.

Wealth, I don’t think so. 2 homes yes but we bought Florida before I retired. My wife works and I collect a pension and disability. I was forced to retire when my cancer would not let me work at 56. We are only at our house 4-6 weeks a year. Will not sell our northern home as long as our grandson needs a place to live, just won’t happen. The homes are not huge. Northern home is 1872 sq feet bought 27 years ago, The Village home is a Villa at 1462 sq feet bought 3 years ago, small mortgage. Was only able to buy Florida home after collecting commissions from 2 huge jobs I sold before I went out sick and eventually retired.

2 tax bills yes bur both paid through the escrow accounts so we don’t really see them.

2 cars, yes but we have had 2 cars for over 35 years.

2 heating/cooling bills or 2 electric bills but the Florida bills are not bad since we are not there much.

1 yard maintenance bill as I do all the work up north, it is about all I can do.

Doctors up north only.

Don’t pay anyone to watch any house, daughter lives up north and our neighbors call call if the see anything and either a friend with a key checks it out or I fly down.

In addition to this we gave 2 campers, 1 on a seasonal site and one to travel with plus one boat that we keep on a lake near camp.

Mostly I blew through my 401k figuring my wife can sell everything she wants plus collect me life insurance and she will be good to go.

At best I have considered us as lower middle class.

[Garywt]

Originally Posted by Michael G.

Which means they have huge multiple incomes.

Not true. 2 houses could be small.

[JMintzer]

Originally Posted by tophcfa

Or it could simply indicate that mortgage underwriting standards have again become dangerously relaxed. Rewind to around 2007, when anyone with a faint pulse could qualify for a mortgage they had very little chance of ever repaying, which resulted in an inevitable nationwide housing market crash which rippled through to the stock market and the economy.

Or, like me, they are mortgage free in their primary home and can put down over 30% on a new home to make getting a mortgage much more attractive to lenders... My current mortgage in TV is about the same as my property taxes up north...

In another year or two, when I can finally fully retire, we'll sell the big home up North and move down full time. Until then, we come and go as often as we can...

I come down 2 weeks every quarter and the Boss stays longer... Especially over the Winter...

[Laker14]

Originally Posted by JMintzer

Or, like me, they are mortgage free in their primary home and can put down over 30% on a new home to make getting a mortgage much more attractive to lenders... My current mortgage in TV is about the same as my property taxes up north...

In another year or two, when I can finally fully retire, we'll sell the big home up North and move down full time. Until then, we come and go as often as we can...

I come down 2 weeks every quarter and the Boss stays longer... Especially over the Winter...

you are rich and I resent it.

[JMintzer]

Originally Posted by Laker14

you are rich and I resent it.

Define rich...

[Laker14]

Originally Posted by JMintzer

Define rich...

anyone who might have more than I have?

Yeah, that seems fair.

[DAVES]

Originally Posted by ElDiabloJoe

My opinion, if you want an electric vehicle - you should get one. I think you should only be allowed to charge it via solar panels and/or a windmill attached to your garage. No plugging into the electrical grid. That way, you won't be a hypocrite.

Nothing is perfect yet people demand, expect perfection. I have a gasoline car and it is 11 years old. The batteries in an electric car do not last 11 years and are very expensive to replace.

Reality of solar panels and windmills. Again neither is perfect. I don't think you would be allowed to put in a wind turbine-I've not seen any. Solar panels? I do wonder how secure they are in a hurricane?

It is great that we have so many choices.

[DAVES]

Originally Posted by Laker14

anyone who might have more than I have?

Yeah, that seems fair.

The list of top earners is published every year. Buffet, Besos, do not need to worry that I will replace them.

[Laker14]

Originally Posted by DAVES

The list of top earners is published every year. Buffet, Besos, do not need to worry that I will replace them.

They're safe with me as well.