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Old 10-28-2013, 07:28 PM
gpirate gpirate is offline
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Quote:
Originally Posted by justjim View Post
A friend of mine closed on his home just six months ago in TV. He "swears" that prices on an exact Designer home like his has gone up in price 30% in the last six months. He says, "The Developer is gouging people".

$250,000 Designer home with a 30% increase would now cost $325,000. My friend is convinced this is true and I have no reason not to believe him as He is not one to make "things" up. I have no valid data to back him up.

Assuming this is correct, is the Developer gouging people on new homes?
Mostly true. I have been following home prices for over a year. Here is my opinion and why.
1. High demand. Used homes have increase as well. Good for sellers.
2. People coming out of the NE & West Coast selling homes for large amounts of money think they are getting a bargain.
3. Offer more things then any 55 and over community I have found.
4. Disadvantages to present home owners: Your taxes will be going up as values continue to increase.
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