[vintageogauge]

Originally Posted by asianthree

In 07 the buying frenzy was just as bad as it is today. Of course it was also driven by, that was the buildout. Homes had offers 6 deep, with new homes going in minutes. We came that year, a patio villa started at $180,000. I still have the original paperwork from the homes for sale then somewhere in a file.

We chose to wait, plus couldn’t get a new home anyway. Our friend bought in 07, sold in 2008 for loss, after upgrading the kitchen, baths, and lanai.

We came back in 2010 bought exact home different village for $118,000.

There was a big difference in 2007 and a couple years earlier and that was giving loans to those that were not credit worthy which lead to mass foreclosures. That is not going on today and unless your are buying home as a investment a little drop in value shouldn't be a concern.