Quote:
Originally Posted by rubicon
I believe those days of accumulating and capturing high equity are gone for many of us given the slow recovery and I am not addressing speculative buying which help create the housing bubble. a village resident pays for the infrastructure, the land and the housing unit. How much above costs for each is something we will never know. Like a casino, the house always gets the better of the deal and is always the big winner
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For the first time in 30 plus years, The Villages will have to front the money for the infrastructure when they commence building in Fruitland Park. There will be no bonds attached to these homes for them to use to get reimbursed.
It will be interesting to see if people will be willing to pay $500,000 plus for a designer home.