Struggling
Quote:
Originally Posted by DrMack
This is just a cheesy sales gimmick. You get a lot, right after you sign a contract to buy an overpriced house and a honkin huge bond bill.
The Villages is really struggling to move inventory at desired pricing for them.
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The main reasons Villages market struggles are inventory, interest rates and overpricing. About 55% of homes sold by the Villages are financed. Homes are still about 15-20% overpriced. If the Developer appears to be selling lots at 0 dollars, he really isn’t. Bond on many of these is 50 k, nothing is free. Then comes the home with certain mandatory restrictions for upgrades.
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