Quote:
Originally Posted by golfing eagles
Everyone should realize that for the last 30 years the developer has dropped prices to sell out the remaining homes in a "unit", not a whole "village", but a specific unit. I have no idea if the example given falls into that category or not, but this is hardly a "crash". In either case, extrapolating one home's price drop into a community wide "crash" is disingenuous at best.
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I observed the same thing in my village DeLuna almost exactly a year ago for the small homes that they built a stones throw (literally) from the turnpike. Some seemed to be at rock bottom prices but they were a very small batch of homes and they seemed to finally sell out quickly at those prices to finish off the final few dozen new homes that were previously unsold in this village.