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08-28-2013, 10:23 PM
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Sage
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Join Date: Aug 2009
Location: NJ, NM, SC, PA, DC, MD, VA, NY, CA, ID and finally FL.
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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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I think how values hold after build out will depend on how well the various amenities are maintained.
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