Quote:
Originally Posted by bloisy
Hi I am a Canadian looking at buying a place in the villages.I have been checking it out on line and on this thread.But my concern is has the value of your homes gone down alot because of the sub prime morgage scandals.Or has it not gone down because most people have their houses paid for.I was in lakeland last year and alot of the homes in the retirement mobile homes were up for sale and not selling.I see alot of units in the villages for sale.Are they selling and are people losing money.THANKS STEVE
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If you look at the county assessors websites you will find that many homes are for sale for less than they were puchased for in 2007-08 when prices were at their peak. Having said that, most people are getting more than they paid for their homes earlier than that. The demand, though down from the peak, is still pretty high in TV. The level of houses that are seriously underpriced, short sales, or in foreclosure are nowhere near the levels in places like Naples, Fort Meyers, or Phoenix and Las Vegas. I think there are relative bargains to be had in TV, but not steals like in those other areas I mentioned.