Talk of The Villages Florida - View Single Post - Housing Markets Crushed
View Single Post
 
Old 11-22-2010, 07:56 PM
inda50 inda50 is offline
Senior Member
Join Date: Oct 2007
Posts: 227
Thanks: 219
Thanked 29 Times in 16 Posts
Default Housing Markets Crushed

I think you are right l2ridehd. There seems to be a divergent between new homes and resales. I think new homes sales have probably bottomed in the Villages. They don't seem to be discounted as heavily as before. Perhaps this is a leveling. Outside the Villages they may still be declining.

Resales prices in the Villages, on the other hand seem to going down even though they represent a better value in my opinion.

As for inflation, I don"t think the government can allow a high inflation rate. They have already proven they can maintain low inflation through low interest rates. How long this can go on has yet to be shown. But I believe the alternative is unacceptable to the gov. or any political party. We probably have to muddle through poor economic growth for years to come. My point is prices are unlikely to raise any time soon.