Quote:
Originally Posted by MrChip72
I'm very familiar with that area. My parents bought their vacation home around there over 40 years ago. I've spend around a month a year for almost 40 years there. I even own some land around there that I bought in 2007.
It's extremely saturated with speculative investors. You can check the property records for any given street and often the majority will be owned by foreigners in South America or Asia, or some corporation. It's been like this for 20+ years.
I don't think there's any valid comparison there to The Villages area that proves anything. The area was oversold and now many people are in unloading mode. Just look at Zillow for that area and you'll see thousands of homes and lots for sale with many on the market for over 200 days.
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I think they are talking about the Village of Lake Denham near 470.