Thread: Why ???
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Old 09-19-2024, 03:27 PM
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Default Saturated market

Quote:
Originally Posted by TommyT View Post
I've turned into a YouTube junky. This week I've seen two realtors talk about the explosion of resale homes in the Villages. Each realtor stated they have never seen so many homes on the market.

So my question is is it the taxes both city and county or combined? Is it the amount for bonds? Is it the amenity fees going up? Is it the maintenance fees going up? I've read where people are saying the Villages "IS NOT" the Friendly villages it was at one time....

I dunno. Educate me please...
It’s a fairly saturated market. The slowing desire for transplants to chose Florida has become more pronounced. You could point to the colossal collapse of the condo market, or insurance rates, or even increased costs in general to live here, but it’s so much more. It’s the record summer heat and the lost vibe of small town Florida. Borrowing rates aren’t great and many have felt inflation which removes the free cash feel to spend as you want in retirement.

All this together is helping create a stale desire and market.
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