Quote:
Originally Posted by justjim
Houses are going off the shelf like bread and water before a hurricane. The Villages alone sold over 600 new and resale during the month of July. I think there is a couple of reasons for this "over exuberance". People coming in are being told that soon there will be no more new houses and second interest rates are soon going much higher----thus over exuberance in buying a home in TV. You better buy now----prices are going higher and higher. I believe some are 50-55 year olds buying and they are not retired yet. Maybe a "bubble", and then again, maybe not. I'm predicting a leveling off after build-out and then a downward trend. Most could care less---one way or the other!
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We bought because we were told the lots were almost sold out and there would be no more new construction. This bubble might burst if it is fact 4000 more new homes could go up on the 600 acres the developer bought / is buying. Still happy about the purchase. No wrong answer about that part. Just the prices increasing now vs decreasing again.