Quote:
Originally Posted by Billyworld
I think prices will rise for the next few years and then stabilize. Once The Villages is built out and all the "snowbirds" retire and move down here full time, or minus the summer months, this place will be a madhouse. If you think "The Season" is bad now, you ain't seen nothing yet. At that point The Villages will be so crowded that the shine will have worn off. You will then see several houses for sale on every street as people start leaving The Villages. At that point the prices will drop and be in line with the rest of the state. As a Real Estate licensee in Florida, I predicted the housing crash that we all watched and predicted the housing crash in California in the early 90's. Everyone thought I was nuts at the time only to come back and say "How did you know the end was near"? With that I will be long gone and have both my properties sold selling before the bust at the top dollar as I did in the past two bursts. Yes the Bust is coming and the bubble will burst!
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Billyworld: I do not disagree with your rationale. But tell me where then will people go? and in this economy how do you properly time the sell before the bust. The WSJ reports on the housing market and one month its up and the next its back to 2009 levels, etc. Many of the people who bought here but haven't retired rent out their homes I'm told by a village employee that this month of February has seen a record high in renters.
'The upside is that amenities are stressed and will continue to be until or unless more are provided