Quote:
Originally Posted by JimJoe
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.
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The "price bottom" isn't a stagnant long-lasting place. And of course it is very difficult to predict, and to hit that particular moment in time. In my experience as a real estate broker, when prices do bottom out, it is like a bouncing ball. Prices will immediately start rising again.
And those who are waiting for the bottom will be sad to have missed it. And will be saying how they should have bought low when they had the chance, and how much money they've "lost".
We bought our Villages "vacation home" two years ago and we're so pleased that we did. We've had two wonderful winters in Paradise ... priceless! We've made many new friends and we absolutely love our time in TV. If we had rented, it would have cost us far more than the slight decrease we've experienced.
A long life isn't promised to any of us. Come have fun in TV while you're still healthy and able to enjoy it!