[Bogie Shooter]

Originally Posted by kofficer

As the resale homes in TV are very inflated compared to other areas of Florida, as to price because they are riding on the proposed prices of the new homes, once TV goes into buildout, I would think the prices would revert to closer what they are in other areas of Florida at that time.

Case in point, a house the size of mine (1780 square feet), without a pool, sells for 239-259 in the Villages, and in the Tampa area, with a nice pool, large birdcage and spa, that same square footage, because of the foreclosures and they way property is being appraised using those foreclosures as comparables, estimated value to sell is $160,000. Not really a reason for that difference. You buy the lifestyle by paying your amenities fee every month, taxes and bond payments for building those amenities, it shouldn't effect the price of the house as well. I think when you go to all resale, you will see a downturn. I could be wrong, we will see . . . Hopefully in four years prices will be better all around. I have been told by to expect at least four years to bring the market back to 1/2 of what it normally would be.

Richard and Lee in Tampa, for now.

Part of the cost difference still is you are paying for the lifestyle. It has been that way all along....when the demand is there the price is higher.

BTW the main reason for the final buildout to have been extended is due to the economy. The number of new houses being sold is less than half of what it was 3-5 years ago. No additional land has been purchased by the developer during this time period, (at least that is what has been reported on TOTV in the past).