Talk of The Villages Florida - View Single Post - Dropping Home Prices in TV is a Good Thing
Thread: Dropping Home Prices in TV is a Good Thing
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Old 10-07-2023, 06:40 PM
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Quote:
Originally Posted by OrangeBlossomBaby View Post
Mortgage rates don't really apply in the Villages, because the majority of homebuyers don't have a mortgage. This is their retirement home - which means they're moving from somewhere else. Supposedly selling their previous home, and using the proceeds to buy their Villages home, and living off their retirement income.
The problem with that is that many of the people up north who are buying those homes being sold by people moving to Florida are younger people who need sizable mortgages with low down payments.