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Old 02-17-2015, 02:30 PM
Dr Winston O Boogie jr's Avatar
Dr Winston O Boogie jr Dr Winston O Boogie jr is offline
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I'm trying to figure how anyone is stuck here. If home prices continue to rise then we should be able to sell our homes for more than what we paid for them. In spite pf the fact that sales are down, sale are still brisk. Properties of the Villages are selling 200-300 homes per month. I don't know what all of the other real estate agencies are selling on top of that, but homes are still selling.
If we wanted a quick sale, we could sell them for what we paid, get out and buy a home outside for half the price and invest the rest of the money. Or we could use that additional money for golf and recreation. So how is anyone stick here.

I live in the historic district. As most of you know, The Villages has been buying up old manufactured home, removing them and building nice cottage homes in their place. These cottage homes, which sell for $180K-$250K are selling almost as soon as they are finished. Two up the street from me sold the day they were put on the market. I see several in the villages up here that have been finished for a few weeks and are occupied. Maybe home sales are down but not in this area.

What exactly is meant by sales are down? Is it the total dollars or the number of units. If a lot of expensive homes were sold last year and inventory for them is low then sales of units could be up or level and dollars be down.
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