Great posts everyone. I appreciate the insight. Personally, I need more margin of safety when purchasing a high ticket item in these interesting economic times. The Fed is clearly raising interest rates, which will impact the housing markets. Many folks may pay cash for properties in TV, however I tend to believe just as many don’t. The Ocala region is certainly chuck-full of mortgage lenders. Developers and builders always manipulate supply and demand to protect their interests, however one thing is clear, if homes aren't selling, prices and profits will be impacted, potentially leading to economic domino effects. Unless Tinker-bell files overhead sprinkling magic dust, my internal gauge for risk is flashing “Patience & Defense”.
I have so many questions, too many for this thread. Most revolve around true TV living costs and increase of such over time, home construction quality, overgrowth, living among renters, labor market staffing availability, and on a grander scale, sustainability of the whole TV business model (Is it a boomer driven fad? High dollar area folks from the coasts pricing out everyone else? Will TV be targeted by powerful political interests bent on destroying conservative values?).
Perhaps I’m demanding the impossible, seeking objectivity in a world of subjectivity. I understand the pride of folks that buy into TV; they have skin-in-the-game, that said, despite past performance, TV is not immune from economic reality. Since I’m a proof-is-in-the-pudding type of guy, my lifestyle visit is still on for 2023. I’m hoping to fall in love too.
|