[champion6]

Originally Posted by retiredguy123

I have a courtyard villa that costs about $800 per month in expenses and very little maintenance work. So, paying $2000 to $3000 in rent seems ridiculous. But, I would welcome the opportunity to purchase a luxury condo in a multi-story building with upscale private amenities, if available.

But you spent about $200,000 - $300,000 of your cash. Paying rent avoids this large expenditure.

[CFrance]

Originally Posted by retiredguy123

Average monthly costs:

Property tax, bond payments, and other fees from annual tax bill, $330/month
Water, trash, and amenity fee, $220
Electric, $100
Insurance, $45
Pest control, fertilizer, irrigation maintenance, $40
Grass cutting, $40
Misc, $25

Thank you, retired guy123. That is very helpful.

[justjim]

Originally Posted by patfla06

I like the idea of the Lofts but would not want to rent, I would rather own.

They are, from what I’ve heard, planning on building condos in the Fenney/Southern Oaks area one day.

I get the feeling the developer is starting to look at what Gen X and the Millenials will want one day.
Of course the Millenials (1980-1995) are still very
young (my Son is an older Millenial, just turned 34).

They don’t think the post Baby Boomers are all going to want houses.

Just my opinion but I think a number of baby boomers would like to rent and or own a condo vs. being bothered with all the possible issues of a house.

[Shimpy]

Originally Posted by asianthree

My best guess is about $2000 to $3000 a month. They will have their own pool, gym, dog park. This is just a guess, but I no one has any idea. Once I put in my info I get the occasional email of fluff info. Less money than an apartment at one of the assisted living.

I would guess $3000 to $4000. since they said "luxury" apts. This is still under the assisted living apts costs that can go over $6000 per month.

[Chi-Town]

I would expect that early adopters are gong to have the lowest rents ever. Then watch out for a substantial rent increase.. And eventually a condo conversion.

Sent from my SM-N910V using Tapatalk

[patfla06]

Originally Posted by justjim

Just my opinion but I think a number of baby boomers would like to rent and or own a condo vs. being bothered with all the possible issues of a house.

Jim I would have to agree with you. I also think many of of us would like a condo, especially if we lose our spouse.
If alone I would feel safer in a condo with other people around.

I love that The Villages keeps offering different homes to have other options for us so we can truly “age in place.”