Quote:
Originally Posted by Ptmckiou
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.
|
Interest rates are relevant. If a future Village resident’s current home is unsaleable due to high interest rates or the prices on said home sinks, decision to move may be postponed or voided. Who knows how the current financial mess will shake out. We now have many additional residents in the US purchasing limited products which can also fuel inflation. There are many factors to be considered.