Quote:
Originally Posted by Normal
With the Villages now discounting many homes, I wonder where the bottom is before buying.
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Are you advocating market timing to buy a house? Selling one house and buying to live in another is a net neutral to net positive financial decision. . . which most of TV home buying is built upon.
Confusing a first time buyer, requiring furniture, etc, is not the same most buyers in TV, where they are selling one, can bring their own furniture, and buying another of lesser or equal value, without a mortgage.
Market timing buying a house in which to live, if done right, requires selling the top and renting from market top to market bottom which means that you are reducing your capital to buy, assuming retired and not working, through rent, and if long slow enough decline, you won't have enough capital to rebuy. . .
so the whole discussion is better for the people looking to buy
AS LONG AS the house they want is part of the price reduced, or is a price only decision. Housing purchases are more emotional than a commodity price only purchase, so not sure the price discount is anything but a spare time filler, or convenient for a few current buyers.
meaningless here in TV