Quote:
Originally Posted by Aces4
I would be surprised if there was a big slowdown now, the experts predict the big housing market hit won't be until mid-next year.
Yes, there was a downturn in prices in 2008 in The Villages. Why would anybody here care, though, if they own their home. We're all on our way out soon, so live and enjoy. You can't take money with you. That said, anyone buying Villages property as an investment is in my mind, nuts!
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I saw another post and the prices were going down. I think this matters more to the investors though. Obviously the dynamic is changing for a rough ride, but how many years does a retired person have to live the dream?
The entire economy plays a role in moving here of course. We have taken notice that more than a few retired people have had to resort to returning to the workforce working as realtors, in recreation centers or whatever. Those investment accounts that were lucrative are drying up for many and moving to TV may no more be an option. Places like Top of the World and others may be more affordable. Then you have interest rates and for sure inflation causing the mess.
Again though, you only live so long. An increasing decision problem has made some house poor.