Talk of The Villages Florida - View Single Post - Distressed Property
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Old 04-28-2009, 08:59 AM
NJblue NJblue is offline
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I concur with the predominate view expressed here: While not immune from the real estate slowdown, to say that the situation in TV is anywhere near "crisis" stage is simply not the case. While apparently the building has slowed from a few years ago, to anyone coming to TV for the first time, I'm sure you would come away thinking that TV was a major boom town. Construction is going on all around. While we were there in Feb/March, 6 houses were started on our street, several more were completed and of the 4 or 5 spec houses that had already been completed when we got there, three were sold and moved into by the time we left.

Yet, despite what appears to be incredible growth, we were told that the charter school, which enrolls the children of the contractors, had to cut back on its staff because the number of contractors is down significantly from 2-3 years ago.

All this translates into some price reductions but nowhere near the level that is happening around other areas of Florida. If you only want to buy at rock-bottom, bargain-basement, fire-sale prices, I don't think you will find them at TV. However, if you are content to find reasonable bargains (relative to 2-3 years ago), come on down.

Last edited by NJblue; 04-28-2009 at 09:01 AM.