Talk of The Villages Florida - View Single Post - Home prices still dropping?
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Old 10-24-2009, 10:54 AM
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JimJoe JimJoe is offline
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IMHO now is a good time to buy in TV IF you intend to retire now. The economy is not recovering right now; it is responding to bailouts like the first time home buyer credit bandaide that will eventually fall off, the market will bleed, and prices will decline. I intend to keep my home for a few years and buy in TV within the next 2 years. I think late summer will be the price bottom. Prices will reach their 2003 level.
I almost bought an amarillo for 230k in 2007 because everyone was saying prices will continue to rise and you will never be able to buy in TV if you wait any longer. I am so glad I took my time. I can get one for 170k now. That is $60k or more savings IF I am successful in buying at 170k or less. Waiting for the price bottom is always a good idea IF you have the patience and are willing to take the risk that you are wrong and prices may suddenly rise.
I will be visiting TV for my 7th time this winter. Hope to see you all then.