Villages Housing Bubble
I read some where that only 8000 homes were sold up to year 2000. This would mean that many homes were bought during the crazy bubble which lasted until the end of 2007. I don't know how many homes were sold up to the end of 2007 in The Villages but I am sure quite a few. Is the reason I hear no major distressed calls from most buyers would be that most bought at a higher price but you were also able to sell your old homes at a much higher price? And that you paid in full without any mortgage? Since most other areas in Florida are in pretty bad housing crisis still, The Village owners do not seem to have been affected. We don't hear any word about foreclosures here. I have difficult time explaining to friends why we don't have problems in The Villages. They were told that Florida was hit the hardest. Your thought?
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