Talk of The Villages Florida - View Single Post - I don't mean to beat a dead horse, but are these prices of used homes for real.
Thread: I don't mean to beat a dead horse, but are these prices of used homes for real.
View Single Post
 
Old 02-08-2022, 06:55 PM
Velvet's Avatar
Velvet Velvet is offline
Sage
Join Date: Mar 2019
Posts: 5,882
Thanks: 1,310
Thanked 4,490 Times in 1,983 Posts
Default
Quote:
Originally Posted by rustyp View Post
Some on this site are saying TV housing has appreciated as much 100% in a year. Certainly the dollar has not deflated by 50%.

Footnote - today's stock market was invented in Amsterdam in 1611. The first commodity bubble was tulips. Owning tulips bulbs was a status symbol for the rich and famous. The demand for bulbs went crazy. Investors buying and selling without ever taking procession of a tulip bulb. One particular kind of bulb sold $76000. In 1630 people started to loose interest in tulip bulbs plus the horticulturists were developing bulbs as fast as possible (increase supply). In 1630 it took a mere 6 weeks for the tulip market to crash and loose 90%. Suddenly tulips were no longer accepted as a financial instrument.

So why the story - I'm tired of these 10 cent millionaires here in TV brag about the value of their IRIS, GARDENIA, Etc. It is meaningless and like tulips they don't take houses in the supermarket in exchange for food.
Some houses have appreciated almost 100% in the last few years. That is how much I was offered for my house, but it is a moot point as I don’t plan to sell for some time. Your house is worth what people are willing to pay for it.