Quote:
Originally Posted by Robbb
I just read online the stock market decline this year has taken 17 trillion out of the economy, in addition todays 30 year mortgage rate is 7.5%+ yet dozens of new homes are being sold every day in the Villages. I am financially very secure but no way am I going to drop 500K on a house in this market. I just don't get it.
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Morning civics lesson. The reason there is inflation is there is so much money out there people are willing to pay higher prices hence in a free market society businesses charge more… That pushes up prices and that is called inflation. When I retired in 2009 the stock market was at 9000. Now even after it taking a massive hit it's close to 30,000 down from a high of 37,000. The money I have made from 2009 until today is not my money… It is gains that were earned on my money. When I lived in Nevada we used to call it playing with the house's money. Bottom line there is literally trillions of dollars out there in the economy and a lot of people who want to relocate to the villages have it. It's always been this way, and the prices go down but they don't go down nearly what they do in the rest of the country, and when they go up they go up higher than they do in the rest of the country. Welcome to The Villages!