Talk of The Villages Florida - View Single Post - Housing Crash Hitting Villages
View Single Post
 
Old 10-27-2023, 09:04 AM
dtennent dtennent is offline
Veteran member
Join Date: Aug 2014
Posts: 537
Thanks: 58
Thanked 534 Times in 242 Posts
Default

Quote:
Originally Posted by Normal View Post
The Villages has dropped more new home prices this week in the poorly selling Village of Lake Denham. Check out 7026 Baysinger Path.

A definite warning for Villages retirement considerations.

If you are cinsbuying, the writing isn’t just on a YouTube wall. The rubber has met the road.
A 4% price cut has not been uncommon in spec houses built by the developer. When we start seeing 15-20% cuts, then we will be in the middle of a real estate “crash”. In any case, any dip in real estate prices is usually short term. Finally, most of us don’t see our homes simply as a financial investment but rather as an opportunity to participate in a great community.
__________________
“There is no such thing as a normal period of history. Normality is a fiction of economic textbooks.”

— Joan Robinson, “Contributions to Modern Economics” (1978)