Talk of The Villages Florida - View Single Post - Has the value of your homes gone down
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Old 01-22-2012, 10:24 AM
kentucky blue kentucky blue is offline
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Quote:
Originally Posted by rustyp View Post
Per Zillow.com from home values from 2007 to present:

1. The Villages -23.7%
2. Across the U.S. -23.3%
3. Across the state of Florida -50.6%
Zillow is a joke,it is only as good as information it has at hand, and most of the time they don't have all the details needed to make an accurate assessment.There standard deviations can be off from 25%-50%.Wall Street Journal stated that Zillow is "a fun little tool that doesn't bring much to the table."
When villagers, who bought homes in TV during the 2005- 2008 time frame, and tell me they made money or broke even on the recent sale of their home, i have serious doubts.They don't include the cost of upgrades to the home and most had to pay a real estate commission.Bottomline,if you didn't lose money during that time frame,you are one of the very few.In TV, we are all still winners,you cannot put a value on the lifestyle,it's.............................. Priceless!!!!