We closed almost a year ago in Poinciana. While Poinciana wasn't specifically the village we wanted, it was among the areas considered. We wanted to be between the "6s", preferably near or inside the Bailey Trail-Odell Circle loop. It fit the bill. We were nervous. We still have a lake house in NY. If we hadn't done it when we did, with the escalation in prices that has occurred since we bought, I don't think we'd be comfortable doing it now. Not because the houses are "overpriced", whatever that means, just that the increase in expenses in the monthly budget might have dissuades us altogether.
We feel very fortunate we did it when we did it. Just blind dumb luck.
However, who is to say for sure that if you pulled the trigger in this market, in 5 years you wouldn't feel the same way?
A smart uncle told me years ago not to buy a 2nd home if success relied upon a rosy prediction of price appreciation, but rather to look at what you wanted, what you could afford comfortably, and if you could survive a downturn. I think that advice still applies in this market.
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