[katezbox]

Originally Posted by Boomer

Will TV's prices drop like some general statement, in some article, on some website, predicts will happen overall?

Maybe? Maybe not?

Could prices go lower?.......... Sure they could.

Will prices bubble around at a relatively flat spot for a while?........ Possibly. Even probably.

Will prices suddenly spike?.......... I don't think so.

But the generalities can't really be applied to TV anyway. It is unique. And there is a nuance in the retirement home market that does not exist in other markets. That’s where the potential buyers who are considering a second home come in. And it is possible that second home sales have slowed more than the primary residence market in TV. Snowbirds may be buying in at the less expensive end, more often than they were a few years ago when they felt like they could easily sell if they decided they wanted to. Or they may just be taking their time with the decision to buy a second home. Those second home stats factor into retirement markets but nowhere else. Numbers are still numbers, I know. But even so, the second=home buyers have to be a factor, in addition to those who are taking longer to sell and move to TV full time.

Instead of putting too much thought into all those stats that are flung around by a media with too much space to fill, I think potential buyers of retirement homes need to look first at what they can do and what they want to do.

And once you know TV is it, now is probably as good a time as any.

Not because you think prices are at their lowest. Not because you think you can flip the house. Not because you think there is going to be some big spike in real estate.

But because you have done your homework and asked yourself a lot of questions and you know that you are a ready, willing, and able buyer who wants to live in TV.

Once you know you have found the place you are pretty darned sure you want to call home....or second home....at this point in life, crunch your own numbers and then do it if you can. I think that’s the real bottom line in today's real estate for retirement.

Boomer