Quote:
Originally Posted by dotti105
They did overbuild and there are hundreds of empty homes, blocks and blocks in Collier, Hillsboro and south. It is sort of spooky driving through miles of empty homes.
I really think they shot themselves in the foot when they built out all inventory. The sales numbers are certainly off. They previously created a feeling of urgency with sales, which now does not exist.
More concerning to us is the fact that they are reducing the sales price on homes. We could buy a comparable home for much less than we paid. Don't get me wrong, we love our home and feel very fortunate to have been able to design our own. But it is hard to watch the value decrease.
Hopefully they have a good winter and sales activity will increase as well as prices.
We have so much tied up in this home, as we paid cash, it would have been better off in
the S & P 500 for another year. And we would have gotten a free golf cart!
I'm really not all that negative....I just wish we had some equity at this point!
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I respectfully disagree with your assessment.
When they are selling about five hundred a month, hundreds of homes is just inventory. I think you had your home built Dot, one of the last ones to be custom built If I remember correctly. You got to choose exactly WHAT you wanted.
A home in our neighborhood in the last month sold for 30 percent more than what was paid for it just over two years ago.
The sales price on any home here varies according to lot mostly and rear privacy. The same model can vary over 100k on just the lot and view, well over 100k in some instances. So you may be comparing apples to your apple pie.
I am told that over a hundred and fifty folks pulled out after the national coverage of that sinkhole. That is how it goes.
I think your investment and ours is very safe.