My husband and I just bought a new home in Bonita; we close mid-April. We planned to buy a re-sale but found that for the model we wanted, there were better values in the new homes. Whether you take advantage of a neighborhood closeout or buy in a new neighborhood where you can somewhat customize and still save 5%, it seemed like a better deal. It could be that our home is a newer model and the owners that are now selling them bought at the peak of the market. But for whatever reason, their prices seemed high - even factoring in that some has prepaid their bonds.
One thing about TV is the age 55 restriction takes away the huge value swings being seen in other parts of the state and country. By limiting who can buy (i.e. speculators looking the "flip"), there is a more equitable match of supply and demand.
I do think that now the time IS right to buy in TV. Interest rates are low and some of the neighborhood closeouts are terrific values.
Kate
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Holyoke, Mass; East Granby, Monroe, Madison and Branford, Conn; Port Clyde, Maine; North Myrtle Beach, SC; The Village of Bonita (April 2009 - )
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