Talk of The Villages Florida - View Single Post - Best Time To Buy ??
Thread: Best Time To Buy ??
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Old 12-15-2009, 01:07 PM
DougR DougR is offline
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Quote:
Originally Posted by TomW View Post
You've got several things going on at once in TV regarding home prices. The general economy is improving slightly and inflation (cost of materials) is creeping back into the picture. More boomers are retiring every day and some percentage of those are considering a FL retirement. To wit: there are 1,000 life style people checking into TV on Jan 2nd. The older homes that contain older technology and styles are declining in price at a faster rate than newer homes at resale. Resales don't compete well with the new homes from the developer. Last, the mortgage interest rate looks like it will creep up just a little bit in the near future.
I am about 8-10 years from permanantly moving to TV. It seems that buying a property here now for investment purposes (rental) and appreciation over the 8 years might not be wise. You may be correct in that todays technology and home style might decline in value compared with what will be the trend 8 years from now.