Timing and circumstances will help you decide:
People have lost money on real estate in The Villages. If you bought in 2007 (high tide) and sold any time prior to 2015, you most likely lost money. In 2015, real estate in The Villages had appreciated back up to 2007 prices.
Since 2011 prices have been on a steady uptick. If you bought in 2011 for 162K it would be worth 228K today. The forecast for the area is an increase of 2.1% for 2017. That is more return than a bank will pay on your savings(1%), but it is less than what they are charging for mortgage interest currently(3.62%).
If you have enough for cash purchase and are planning on retiring it MIGHT make sense to buy now. I say might because only you know what you are comfortable with (IE; would you still have some cash on hand as a cushion in case something comes up?).
Good Luck in your decision!
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