Quote:
Originally Posted by Rooklift
1. In my opinion prices will drop and we are already seeing the beginnings of this.
2. This is not a resort community. ( a 65 - 70 yr old woman at Aldi passed on buying eggs for 5 dollars as they were too expensive)
3. Interest rates will effect all potential non cash buyers lowering the supply of buyers at these prices.
|
If prices didn’t really drop significantly in 2008 with the crash, then they certainly won’t now. The Villages is always in demand, because people always retiring regardless of the economy. That’s the way it’s always been, and prices always continue to climb. They will slow the new build schedule, so less are for sale, keeping a high demand. A huge percentage of buyers, buy with cash here, so interest rates is irrelevant.