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Originally Posted by asianthree
Does it really matter where 70-100 people are buying? It just means houses are selling, those less desirable homes on lots, or models that some just don’t like, or kissing of death lanai, have always sat longer in any village.
Since your spouse sold homes would those stats for the last 20 years be available and the percentage of villages that were on the market at the same time? How many homes sold at a discount?
I know there were a fair amount with discounts when we bought in 2010, 2012, 2014. In 2020, 2021 there were few homes that had discounts. Then again there wasn’t 3-5 villages being released within short periods of time.
Since you look for homes to flip, you must have kept stats on market of new and preowned. But I don’t ever remember this many releases in multiple villages as we have in today’s market.
Then again the developers don’t seem to worry about homes, on the market, just seems business as usual. Keeping workers employed, instead of shutting down new building until all homes sell, in existing villages.
Pretty sure the construction guys are happy continuing to support their families
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My post was simply what I observed during my drive through Moultrie Creek. From what I saw, you are correct. Premium lots have sold out. But, hundreds of homes are empty. Commercial is nonexistent in Middleton, one year after construction of that area began.
Does it matter that many homes are sitting in Moultrie Creek? No commercial? To me, yes it does. My wife and I may be able to snag a new home at a great bargain in a few months. Or, if the Moultrie area remains unsold and without commercial, we will stay out of it completely. You may think a 10% discount is no big deal. For me, it will cover the cost of the upgrades I plan to make.It is enjoyable to have no out of pocket expenses. I am a firm believer in doing your own research and everyone should do what is best for them.
I am not concerned with the Developer's wallet. I am not employed by him and he does not pay my bills. I can not stop what he chooses to do and have absolutely no interest in trying. Nor can I sway ANYONE on what property to purchase or avoid. That insinuation is absurd. If I did have power over people, I would ask each for $1000. Then, I would be a very wealthy man. I am merely keeping a keen eye for what is best for my family.
Yes, my wife and I are stat keepers. We have been watching the housing market while renting for nearly a year. We do not see improvement. In fact, we see the opposite. Prices of homes dropping and inventory GROWING. This scenario is QUITE DIFFERENT than what occurred in previous years. Our strategy is to WAIT and WATCH. We never jump in blindly then hope for the best. We move slowly with a solid plan. YMMV depending on the type of property.