Quote:
Originally Posted by JMintzer
"All"? Nope. Some? Maybe...
But I think part of the reason for the slowdown is the dramatic rise in interest rates...
Yes, I know that many buyers pay cash, but they may be having a harder time selling their previous home, which will delay them buying their retirement home...
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Agree. Many buyers still have a home up north. Like you, many buy BEFORE they actually retire, and either rent the TV home out, or visit when they can.
DW and I waited until we retired, but want to snowbird. So we did not have that pocket full of cash. Interest rates were a critical part of what allowed us to buy here. At today's rates, I wouldn't have done it.
Anyone who thinks rising interest rates don't have any effect on the TV market is looking at the situation though their own teeny-tiny filter, and ignoring the fact that not everyone is in their circumstance.
The effect may be somewhat muted, compared to housing marketed to young working families, but it has an effect.