Wish I had known about this prior to moving to Winter Haven. We have been here for two years and our lot rent has gone from $463 to $561. Every year whatever the Social Security increase is, that is the amount the lot rent goes up.
Those increases are higher than average for Florida but that lot rent, even at $561, is very low for a land lease park. That said, there is no question that ROC's are the answer to a need for low monthly payments.
I have found that these homes with deeds are available, but the homes tend to cost more for the homes. Lot rents are holding me back. But the homes cost more.
Yes, that is the tradeoff. From the financial viewpoint Land-lease communities require much less capital investment at higher monthly costs while ROCs are just the opposite. To live in these communities today you need either capital or income. If you have both, then you have many more choices.
We have too many people here in Florida now.. It's very crowed now. It's not worth it. High traffic too. Everything is expensive. It may start inexpensive but it will go up.
The 2024 Low Income level defined by the US Government is $15,060/yr for an individual. That's 1255/ month. Assuming HUDs formula for affordable housing at 30% on income that's monthly housing costs of $376.50/ month.
Sign up for our free workshop at: fmhla.mykajabi.com/
(paste into your browser) or just Google: Florida Manufactured Home Living
🎉
Russell can you do largo fl. Community. Please and thanks 😊
@@debbijohnson-davis4451 It's on the list!
@RussellWatsonFMHL, who do I find it?
@@debbijohnson-davis4451 fmhla.mykajabi.com/
Wish I had known about this prior to moving to Winter Haven. We have been here for two years and our lot rent has gone from $463 to $561. Every year whatever the Social Security increase is, that is the amount the lot rent goes up.
Those increases are higher than average for Florida but that lot rent, even at $561, is very low for a land lease park. That said, there is no question that ROC's are the answer to a need for low monthly payments.
I have found that these homes with deeds are available, but the homes tend to cost more for the homes. Lot rents are holding me back. But the homes cost more.
Yes, that is the tradeoff. From the financial viewpoint Land-lease communities require much less capital investment at higher monthly costs while ROCs are just the opposite. To live in these communities today you need either capital or income. If you have both, then you have many more choices.
We have too many people here in Florida now.. It's very crowed now. It's not worth it. High traffic too. Everything is expensive. It may start inexpensive but it will go up.
So why are you staying? There are many states that are much less expensive and have much lower population densities.
Define low income, I see it as 400 to 800 a month
The 2024 Low Income level defined by the US Government is $15,060/yr for an individual. That's 1255/ month. Assuming HUDs formula for affordable housing at 30% on income that's monthly housing costs of $376.50/ month.