Quote:
Originally Posted by Switter
There are a lot of dynamics that go into the price of housing as of late, especially in Florida and the villages specifically since it is a retirement community and people move here for a very specific reason.
I don't think anyone can accurately predict where the housing market is going from here. It was ridiculously inflationary over the last handful of years and a correction is likely due at some point. To add to the uncertainty, the trend over the last couple decade towards viewing single-family housing as primarily an investment versus a place to live has made an even bigger mess of the market, i.e. housing crash of 2008 and the inflation over the last decade.
I probably overpaid a little for the place I bought a year and a half ago. However, I didn't overextend myself and in the end I'm satisfied with my purchase.
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Good News for you: In TV it seems like the market over time only goes up. So you may have bought at the peak, but 5 years from now, you will be happy you pulled the trigger and paid what you did.
