Quote:
Originally Posted by eweissenbach
I agree with most of your statement rubi, but the greedy question doesn't resonate with me. The Morses may be greedy, I can't see inside their souls, so I cannot know. However, when it comes to real estate I can't see the use of the word greedy as relevant. Real estate is probably the most pure economic transaction anyone can make. The value of real estate depends totally on what the market will bear, what a willing buyer will pay a willing seller. I can't blame the developers for ASKING whatever they believe they can get for their property, and if willing buyers can't be found in a reasonable timeframe, they will have to discount or otherwise incentivize. There is no question they have hit upon a successful formula as their prices and the demand, dropped far less during the downturn than almost any other place in the country. I still am astounded that in either 2010 or 2011 they sold ONE PERCENT of the new homes sold in the ENTIRE COUNTRY.
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Ed, I agree with you 100% on real estate being all about what the market will bare. And I never begrudged the developer making as much money as he could if we were willing to pay. But I left The Villages 3 weeks ago knowing how everything, and I mean everything is done in a quick and efficient manner so it makes me wonder why I am still sitting here 3o some days after closing and still waiting for a refund for my passes and overpayment for utilities. Holding someone's money is greed in my book. No it's not a lot, hardly worth worrying about; however, speaks volumes to me.