Quote:
Originally Posted by Bogie Shooter
I think the precedent is right here in TV. In the period 2001 to 2005. There were dramatic increases in both the new and resale prices.
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Prices did increase during the period you describe. We purchased our first home in TV in spring of 2006. At that time, the closing costs included utility hook up and some other costs that normally was paid by the Developer up front and added to the cost of the house.
I remember having "sticker shock" at closing. The Developer changed that policy and added those costs to the up-front cost of the house a few months later.
In a few months the "housing bubble" burst and prices across the county plummeted. TV was not hit near as hard as the rest of the country.
When interest rates go up (and someday they will) could we have another "bubble" in housing? In the meantime, prices continue to climb in TV and as one post indicated----higher taxes for home owners will soon follow.
Gouging may be a bit strong---I prefer to characterize our current dramatic price increases here in TV as "over exuberance" on the part of the Buyers. To those that study history and trends, does this sound familiar?