Quote:
Originally Posted by Altavia
At the rate The Villages is expanding some people far smarter than I don't expect an impact.
If I recall correctly, prices still rose here during the last recession.
+80% of buyers here are cash so interest rates have a small effect.
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I was watching at that time. Prices levelled off and maybe went down 3-5% for a year, then started rising again. I bought in 2014 because that upward curve had an increase in the slope, and I was worried where we might go because of babyboomers retiring. Bought a second in 2017 after I found out how easy they rent. Well, it was a great decision.
The reality is, things will level off. Anyone who is waiting to buy because they think prices will sink is going to be waiting forever.