Quote:
Originally Posted by Stu from NYC
Think this is all about higher interest rates will be up there for some time. Wonder if they will slow down building?
|
Most people know the next areas to be built will be in the Eastport area. With Championship golf courses, country clubs, the square, and more commercial, I suspect people are waiting to purchase. Lower taxes in Sumter County help too. My guess is investors will be lining up to purchase in that area. Just like Richmond, there will be 30 people or more wanting the same houses and they will revert back to the lottery system. Some unlucky homeowners may find themselves on a street with many rentals like those in Lake Sumter Landing and Brownwood.
I'm staying away! Once my CYV near a square is sold, I am purchasing farther north. I have no interest in reliving a neighborhood full of rentals. In my next move, I am looking for peace and tranquility.