Quote:
Originally Posted by geofitz13
I have been watching new home prices in the southern villages for some time. Ever since "connectivity" became a reality, a lot of those prices have skyrocketed. Not just a couple thousand dollars, but tens of thousands. Small patio villas under 1000 square feet were in the 160-170,000 range. There are, as of today, 25 under 200,000 and many more above that. "Regular" patio villas, over 1100 square feet, go for $225,000 and up. Cottages, verandas and designers are going for 20-30,000 more than just a few weeks ago. This has nothing to do with impact fees, it's strictly a result of connectivity. I worry about the affordability of housing here going forward. It is, of course, good news for those of us who already own.
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We all tend to focus on one thing. Nothing is ever that neat. Wherever, housing is rising
cost of land is up, cost of lumber is up, cost of labor is up, mortgage money is still at all time lows. Our previous home. We live there for 40 years. We sold it for 6x what we paid for it. WOW till I looked most everything else went up 6x and more over those 40 years.