Quote:
Originally Posted by Plexer2
I recently had a discussion with a friend about house values in The Villages at build out. He thinks all our property values will skyrocket because there are no more new homes to be built. I do not agree! I think there are just too many homes available and being a retirement community, people do pass on. I think at any one time there will always be a ton of houses available on the resale market. And so many of the houses are identical models. Price might be a determining factor in whether your house moves or not. Am I nuts, what do you think?
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I think all bets are off until the current economic crisis is addressed. Last nite our President suggested that our 401 K's could be wiped out. I'm sure I'm in the minority but my entire retirement livelihood is a 401-K and annuity. People who are currently in the same boat and about to retire may take a wait and see stance for a while.