Quote:
Originally Posted by Dannny
Went on Zillow out of curiosity to see uh house values in my Village. Houses have dropped in value 10-20% in the past week. Anyone else notice?
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I was looking at prices the other day and to be honest I didn’t see much change. Prices have continued to climb steadily for the past 10 years and to me compared to other areas of FL the prices are becoming over inflated. That is not a comment against TV, it is just a statement of fact. Not only in TV but around the country there has been a steady increase in real estate prices brought on by a booming economy and low interest rates. Everybody has enjoyed this ride but at sometime we will enter into another recession and there will be a major correction. The extent of the correction will be determined by how over inflated prices have become. I live in a CYV. Does anyone really believe that Patio and CVT’s are worth $200-$300k?