Quote:
Originally Posted by captain1202
There's no question prices are off somewhat, but I wouldn't say they were plunging. We bought a year ago and I would guess our home value is down maybe 10%.
As far as the new ones go, it's hard to compare as TV has "Cheaped Up" (or down) some of the new homes to meet the market. For example, no or minimum appliances, no tile, flat doors instead of paneled, etc.. Not that this is bad, it's just the way they are working to keep new prices in line with the market and provide a nice home.
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I agree. Also to consider, is the price of the bond. The pre-owneds have much less or sometimes no bond, while the bonds in the new neighborhoods are pretty steep, IMHO. We bought a gardenia a couple years ago, and paid more than they're listed for now, but our bond is around $4-$5 thousand less than what you'd pay for a new home today. We also have gas and electric. Its my understanding some of the new neighborhoods only have electric. That may cost you in the long run.