Quote:
Originally Posted by shcisamax
I get a little concerned thinking North of 466 is deteriorating. I get a little concerned thinking that each new development decreases the value of the prior one because the new construction gets discounted. Wonder if this trend will continue and when they build out to Brownswood, Bridgeport and Lake Sumter will be "old hat" and lose value.
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What happens here is that the direct Florida sun is hard on paint and it quickly fades. Some owners repaint every five years and some don't. Everything is maintained the same as far as public areas.
Each new development does NOT decrease the value of the prior one. Some people like resales and some people like new and the same model, situated on the same kind of lot varies very little in price if not at all whether new or resale. New people sometimes do not put in the variable of the lot which is the reason for difference in price in many cases.
There is much misinformation on this forum which was the subject of a recent thread and a lot of it comes from folks who do not live here yet.
People waiting and those who have put a deposit on the lot sometimes suffer from anxiety about their choice. You can see the apprehension in their posts. That is normal, I did the same....and I was quick to panic at certain posts.
That is the reason that I try so hard to quell rumors and correct misinformation. I hurt for those who worry.
Deep breaths. It is gonna be nice for our life spans I would guess.