Quote:
Originally Posted by marvinh11791
Hello. I came down to The Villages and I came close to buying a new home in the village of Dunedin. This was in 2016. The home model was the Whitney Villa. 3bd/2bath.
The price then was $229,000 plus a remaining bond of $16,244.
Now a similar home is about $279,000 plus bond. I know, of course, home prices have risen but is this rise about right over the last 4-5 years? Or is price of lumber and raw materials risen that much to drive the price up to his extent?
And with the bond on a new home, the prices may have risen beyond what I can afford.
What are your thoughts on new home prices? Thank you. MarvinH
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We all tend to think focused on ourselves and often with a bit of shoulda coulda mighta but didn'ta tossed in.
Using your numbers 4-5 years ago was 229,000 plus 16,244 bond. Now it is 279,000
plus filled in by me 20,000 bond. So I will use four years ago it was 245, 244 it is now
299000 (279,000+ my estimate 20,000 for the bond). 246.244 +6% (1) +6% (2) +6% (3) +6% (4) it comes to 309,614.
I do not know you. More important I do not KNOW the future. What I think I see is that inflation is rising and if you will be taking a mortgage interest rates will also be going up.
Build-able land, labor and materials are all going up.
If, you currently own a home, that too has likely been going up as well too many people asking the same question forget that reality.