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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Yes, prices in TV decreased, but not as much as most cities We purchased a CYV in 2007 and sold in 2010 at a loss, especially because we'd added a birdcage, landscaping, etc. But we purchased again in TV in 2010, and of course we got a great house at a great price, less than the owners had paid. We also saved a heck of a lot of rent over the past five years!
One of these days ( or years), house prices will bounce back up, and existing home owners in TV will be the beneficiaries when this happens.
So here is my advice to a fellow Canadian. Buy now, enjoy the lifestyle, and down the road prices will appreciate.