[EdFNJ]

There are those who sold their previous home for big bucks, downsized here to a smaller home like a 2/2 or even a 1/1 and paid cash for their home and have 2 folks collecting SS. Between the equity in the bank from the sale and SS 2 could decently live here assuming they want to deal with all the snobs. So many variables but it can be easily done. Just with SS and zero other cash that of course would be simply absurd.

[Two Bills]

I love these 'living in poverty' threads.
The same posters who complain about rising costs of food. gas, etc move straight over to another thread to discuss their latest gripe on their most recent cruise.
Talk about 'cake, and eat it!'

[Nick B]

Originally Posted by Babubhat

Villages is in top 70 of places with millionaires per capita. Why LSL full of wealth management. Must be talking about historic section that needs a bulldozer

No doubt the poors are bringing us down.

[JSR22]

Originally Posted by sdifede313@aol.com

So, not true? Exactly what would it cost to live in TV ? 1 BR rental???

A 1BR in the LOFTS start at $1600. Add the amenity fee and utilities around $2000.

[Bilyclub]

Originally Posted by Vikingjunior

I heard they're putting affordable housing in the Villages soon. It will be a lottery and need to meet low income financial requirements.
Government says TV needs to be more diverse and open to everyone.

Just a poster trying to be funny or raise a few blood pressures.

[Stu from NYC]

Originally Posted by Bilyclub

Just a poster trying to be funny or raise a few blood pressures.

I go with the poster trying to be funny

[village dreamer]

Originally Posted by Vikingjunior

I heard they're putting affordable housing in the Villages soon. It will be a lottery and need to meet low income financial requirements.
Government says TV needs to be more diverse and open to everyone.

and you get a free golf cart , phone , and a pack of new ports. oh and only $1000 in food stamps.

[golfing eagles]

Originally Posted by village dreamer

and you get a free golf cart , phone , and a pack of new ports. oh and only $1000 in food stamps.

Yep, but they're no longer "food stamps", it's an EBT card. Years ago it was decided that the stamps were "demeaning"

[CoachKandSportsguy]

all in our house cost about $22,000 a year, no mortgage, etc.
SS for two at max from tables = 72,000 . . cars paid for, insurance about $2K per year,
the rest is medical, golf and food, I think it can be done. .

even without any extra income. .

back of the envelope finance guy

[JMintzer]

Originally Posted by CoachKandSportsguy

all in our house cost about $22,000 a year, no mortgage, etc.
SS for two at max from tables = 72,000 . . cars paid for, insurance about $2K per year,
the rest is medical, golf and food, I think it can be done. .

even without any extra income. .

back of the envelope finance guy

You're assuming that both recipients are receiving the maximum SS payments.

The vast majority of people don't receive $3000+/month...

[golfing eagles]

Originally Posted by CoachKandSportsguy

all in our house cost about $22,000 a year, no mortgage, etc.
SS for two at max from tables = 72,000 . . cars paid for, insurance about $2K per year,
the rest is medical, golf and food, I think it can be done. .

even without any extra income. .

back of the envelope finance guy

Sounds good on paper, but I would suggest that those who are marginal enough to need to live on SS alone:

a) are not receiving the max SS amount
b) have a mortgage
c) may still have their car financed

[CoachKandSportsguy]

Originally Posted by JMintzer

You're assuming that both recipients are receiving the maximum SS payments. The vast majority of people don't receive $3000+/month...

Yes, and the vast majority don't live in the villages. Getting the max social security is middle management pay, and there are many people who qualified in the last 20 years. looking at the tables, hitting max social security only required low $100Ks in salary.

So lets say a couple with 1 max and a spouse with 50%, so that is $54K per year, with house and car at $24K per year total expense. still seems doable. Now, this does not mean 2 weeks vacation in Europe and eating out every night. . . etc. means that its doable to live here with the income to spend on groceries.

A single person at the max, that might be too tight, a couple each at 50% that would be tight. The only reason I reference SS is because public and private pension payments are highly varied and not public information like SS. A state teacher's pension, might start out fine, but 20 years in with no cost of living increase, not so much. . again, the options are highly varied, and I am familiar with the SS chart as my sole retirement basis. . .

future former finance guy

[Lindsyburnsy]

Originally Posted by JSR22

gobankingrates.com has rated TV as the 5th place in FL where you only need SS to live. They claim you can get a 1br rental for $756 a month and total expenditures $1593 a month. Wat a joke!

As believable as TV being the capitol of STDs. Haha

[Lindsyburnsy]

Originally Posted by PurePeach

Not with food prices the way they are these days!

And they want to faze out SS and Medicare!!

[Babubhat]

Originally Posted by JSR22

gobankingrates.com has rated TV as the 5th place in FL where you only need SS to live. They claim you can get a 1br rental for $756 a month and total expenditures $1593 a month. Wat a joke!

They probably confuse TV with Fruitland park. Lots of dilapidated mobile homes to choose from