Quote:
Originally Posted by justjim
This does not surprise me---$93,800 income for the current home buyers. TV is selling Premier Homes as fast as they can build them. Many of them are 750,000-850,000 with 40,000 plus bonds. All other models are higher priced too. IMHO some over exuberance to buy new while you can! After build out, I believe home prices will level off and perhaps even drop a bit due to the fact there will be no new homes being built. This is probably a minority opinion.
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I think the prices will go astronomically. Two reasons: there will be no new building to keep the prices in check. Presently resales keep new prices in check and vice-versa. Secondly, and the BIGGIE, the baby boomer onslaught. Just look at Collier, Gilcrest, Pinellas. They are selling fast and not cheap. And this is the very front end of boomers. In three years the wave begins. Even if the recession continues, NE homes (even discounted) will be less than Florida, so the prices here will continue on the rise, at least in TV. - big demand!