Quote:
Originally Posted by margaretmattson
The information provided does not tell the entire story. How many in the count were residents who sold their home and bought another in the Villages? How many were sold or bought for investment? How many homes sold below average and where are they located? (I can go on) These are important facts we will never know. A quarterly sales report is not the determiner of a crash or booming market. There are many variables that come into play.
Here is ONE example that all of us should keep in mind. Remember the early 2000s when the market was booming and it looked like there was no end in sight? 2008! Boom! Catastrophic crash! It can happen, folks! Whatever you do, never place all your eggs, hopes, and wishes in one basket. And, never allow one sales report convince you EVERYTHING is great. It is the information not provided that could possibly cause a crash. Call me Mrs Doom and Gloom but this is the reality.
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NOT "Mrs. Doom" at all ! Just an astute individual that realizes this is only a piece of propaganda (and most people do not actually know the definition of "propaganda", many often think it is negative, but actually it just seeks to support a view. In world wars, various sides often create communications, written and oral, that "showcase" their philosophy or view. Bottom line, ANY piece of propaganda is NOT the place to look for an accurate picture (factual picture) of anything. Same with "studies", having been involved in a great deal of "research" during my university career, I shudder when I hear or read: "a recent study shows".... I can construct a format for a study to "show" what ever results you desire, and without anything deception or unethical in the eyes of most people. One just sets up the study carefully when selecting the variables to include, the selection of the control group, the standard deviation, the length of the study, etc. etc. When you read: "a recent study showed green beans are better for you than broccoli, don't think I'll change to green beans...LOL... look up the abstract of the "study" IF you can find it, check out all the variables I mentioned and more... same with assessing the true state of the real estate market in any area...