Re: Your opinions on current home prices in TV
Short history, TV started out catering to people willing to live in trailers. People were retiring to Fl. not so much for lifestyle but economics, inexpensive to live and retire, perfectly good reasons. TV , like other retirement communities need some inducements to lure prospective buyer, and that is where the developer was brilliant!! I don't need to go into details about that. We have all benefited by his actions. In the mean time, more affluent buyer were attracted leading to larger homes, higher prices, more options etc. Again we all benefited, you haven't lost money unless you bought in during the rush two years ago, or are trying to hold more than one house. Please keep in mind that if you paid $200,000 2 years ago and sold it yesterday for $ 200,000 you haven't lost any money, but because of inflation the $200,000 you received for your house will buy less groceries, less health and car insurance, less gasoline etc. as a result of inflation. You can however replace the house for $200,000. I'm getting to my point.
We are doing better than other parts of the country. Our homes are holding up for a number of reasons, not the least of which is lifestyle. We are attracting buyer that looking for the the lifestyle and can still afford to buy. This, I am told is being hampered by the fact buyer from the North are having trouble selling their homes. If they could we would have many more buyer and we would see prices start to raise. Stonecrest and Delweb haven't done so well. Glad I don't have to sell something there.
It seems from the reading this forum, people who own homes in the Villages see the glass 1/2 full, that is market getting better. I own 2 homes in TV and read the Sun and the homes for sale comps are going down, not leveling out, not up, down. If you are an investor maybe wait. If you want to be a homeowner, you find something you like maybe it is a good time to buy.
Housing has always been supply and demand.
Perhaps things will improve after the presidential election--Hope so
sorry to be gloomy-but you asked
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