Talk of The Villages Florida - View Single Post - Once the build out is complete will house prices fall?
Thread: Once the build out is complete will house prices fall?
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Old 06-05-2013, 01:14 PM
mickey100 mickey100 is offline
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Originally Posted by Jim 9922 View Post
I agree with you on all points, but I think that the long term trend will be a decline in values. I believe that the mortalitiy tables will effect us the most. The Villages has been selling more than 250 homes a month for many years, all to a tightly concentrated older population. In another 10 or so years, the mortality and "independent health" tables will kick in big time, and our Villages market will be flooded with homes available for resale. Hopefully the market can absorb 250 to 300 homes a month! That's going to take a lot of advertising and "keeping up the lifestyle!"
Makes sense.My hope is that we have a continual turnover of younger boomers coming in buying those re-sales, but there is certainly no guarantee.