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05-08-2011, 09:44 AM
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Gold member
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Join Date: Jan 2011
Location: The Villages. From Birmingham, MI
Posts: 1,267
Thanks: 1
Thanked 19 Times in 16 Posts
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Quote:
Originally Posted by Taj44
That is exactly right. Our neighbor sold her designer (in a nice central location in The Villages) a few weeks ago, and lost at least 20%. I think a few things will be key in whether or not properties in The villages continue to hold their price - the outcome of the IRS issues; and the maintenance of our roads, facilities, golf courses, etc. Everything is shiny and new and attactive to buyers now; but we've been seeing some deterioration iin the conditions of the golf courses for example. If that is not addressed, and roads are not maintained properly, facilities not kept up, this place may not be as attractive to buyers down the road. At full buildout, I imagine there would also not be the national media blitz going on advertising this place either, which may hamper sales. Remains to be seen how things will play out.
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You have a valid point; think Sun City Center. I think Del Webb moved on and the place looks old and tired and thats not just the residents.
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