Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
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#17
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Bill -
I have never heard of "FWIW". What does it mean? I tried to figure out some connection with popcorn but couldn't think of any. Yes, I know the idea of a brand new house seems wonderful. I have friends building one right now in St. James. They have found each little upgrade costs more money like a fancy front door is an extra $2K. We were doggone lucky to find a home that had lots of extras in it that we would have gladly paid extra for. It took a lot of looking with both a Villages Property agent as well as an agent from ERA/Tom Grizzard just up on Hwy 441. |
#18
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for what it's worth
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Framingham, MA |
#19
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Thanks for the answer - however, the "avatar" of the child makes me feel as though this is something even little kids should know.
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#20
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We did the same as you in TV - bought a pre-owned Patio Villa, furnished. We're more than happy with it and we feel like that was an appropriate route for us to go. On the flip side of the coin, we built a new home here in OH a couple of years ago, right as the real estate market started it's downward slide. And we did it for somewhat emotional reasons that I won't bore anyone with. We went into it, though, with our eyes open, knowing we'll likely not see all the money back out of it if/when we sell. But it's what we wanted, when we wanted to do it, couldn't find anything else where we wanted to be that would even be close to what we wanted, blah, blah, blah. A "fiscally prudent" decision? Doubtful. Do we feel like it was the right thing for us? Absolutely. Who knows what we'll wind up doing in TV if we ever decide to become frogs!! Bill |
#21
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#22
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The bond has a principal amount, when paid by installment, includes interest that is not tax deductible. It makes better sense to pay it off (if you can afford to do it) and deposit the saved interest money into your rainy day account.
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Making every day even better |
#23
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Further as some others have suggested repayment of the bond early would make sense for most people unless they could find a very secure investment at rates higher than the bond interest rate. If you know of such an investment please share it with us all. |
#24
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I have been tracking sales for 4 years and have two huge spread sheets of data. I even take the ultimate price paid down to the square foot of home and square foot of lot based on a formula I developed from lot premiums and home prices. Difficult to do because a base home price includes a basic interior lot. But I have something that works for me. On average of the homes with bond paid, they recover about 46% of that amount when compared to a like home with a bond. So unless you are fairly sure your going to stay in your home for the remainder, paying off the bond is probably not a great idea. However if you do plan to stay there, at the interest rate they collect it is a good idea. Just take the annual payment, divide that into the total bond owed, equate that number to years and decide if you will be there 70% of that amount of time. If that answer is a definite yes, pay it off. If no or I don't know, wait.
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Life is to short to drink cheap wine. |
#25
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#26
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location
Isn't it always about location
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#27
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Resales
Re-sales have a "wear & tear" factor to look at. At some point the roof, HVAC, water heater, appliances and kitchens will need replaced. New homes should be more energy efficent. Some re-sales are priced higher than new,even when looking at the bond. Need to look at all factors whether you buy new or re-sale. Need to do what you are comfortable with. When you buy new the "wear & tear" factor kicks in.
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#28
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Why do you say a new home would be more energy efficient? We have a block home with double pane windows purchased new in 2006. I don't see that the block homes being built in 2011 are any more energy efficient.
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#29
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A small side car trip
[QUOTE=Tbugs;356147]Bill -
I have never heard of "FWIW". What does it mean? I tried to figure out some connection with popcorn but couldn't think of any. Don't feel bad... I used to think LOL meant, "Lord O Lord". (I'm a dolt sometimes) Reminds me of the great scene from "The Odd Couple", when Oscar Madison complained about the notes Felix kept leaving him: "Pick up your socks. FU..... Take out the garbage. FU... It took me six weeks to figure out that FU meant Felix Unger!!!!" Okay, back to business! |
#30
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Bill |
Closed Thread |
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