Talk of The Villages Florida - View Single Post - What Happens To Property Values in Neighborhoods Near Sinkhole Activity?
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Old 04-26-2014, 08:14 AM
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elizabeth52 elizabeth52 is offline
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Quote:
Originally Posted by graciegirl View Post
I am not trying to mislead you, only calm you. We bought our first home here in 2006, I think that year there was a sinkhole in or under a major pond near the hospital and it drained out in a very short time. In my memory there has been a sinkhole , of significant size to know about, either reported in the Sun or here on this forum about once a year. There have been sinkholes that I recall at Sunset Point, St.James, and twice in the middle of streets. There have been smaller holes, quickly filled and not much talked about. I don't know what the definition of rare would be, but once or twice a year among 40,000 homes? Once or twice a year in a roughly 100 square mile area?


People who sell houses aren't going to sit down and say, Hey, you might want to know that we have had eight homes burn to the ground here in the last seven years from direct lightening strikes because this IS the lightening capital of the country.. We have had a direct hit from a tornado that completely wiped out Mallory Country Club and several homes and killed several people in nearby Lady Lake. We have had 13 people die in the last four years from golf cart accidents. We haven't got the best medical facilties here for every condition. You can buy homes bigger and cheaper outside of The Villages. THEY ARE BOUND by law to disclose sinkhole activity on any property but they don't have to tell you that there are sinkholes here in The Villages.


Most of us are worried and scared to some degree too. I think that the sinkhole near Tampa last year that swallowed a man in his bed while he slept and his body was never recovered is still in our vivid memory.


But as for living here in The Villages, as someone else so succinctly posted. It is a choice. You can pass or you can play.
Thank you for attempting to allay my fears, Gracie. And, at this point, this isn't even about buying in the Villages. That is a no brainer! It is really a question of being able to obtain insurance to protect my investment.
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