Housing Crash Hitting Villages

[Normal]

The Villages has dropped more new home prices this week in the poorly selling Village of Lake Denham. Check out 7026 Baysinger Path.

A definite warning for Villages retirement considerations.

If you are cinsbuying, the writing isn’t just on a YouTube wall. The rubber has met the road.

[Freehiker]

cinsbuying? ������

[Robbb]

The Villages has dropped more new home prices this week in the poorly selling Village of Lake Denham. Check out 7026 Baysinger Path.

A definite warning for Villages retirement considerations.

If you are cinsbuying, the writing isn’t just on a YouTube wall. The rubber has met the road.

I was just out there yesterday, do people realize the bonds on these homes are in the low $40,000. I was told the bonds in Eastport will start at $51,000.

[Robbb]

cinsbuying? ������

considering buying I believe.

[Normal]

I was just out there yesterday, do people realize the bonds on these homes are in the low $40,000. I was told the bonds in Eastport will start at $51,000.

That’s Sumter County too. The Fed has really placed the screws into the economy. I’m more or less researching. The bottom here should be about 9 more percent off the 4% drop?

[ThirdOfFive]

The Villages has dropped more new home prices this week in the poorly selling Village of Lake Denham. Check out 7026 Baysinger Path.

A definite warning for Villages retirement considerations.

If you are cinsbuying, the writing isn’t just on a YouTube wall. The rubber has met the road.
Forgive the skepticism. But such stories appear to be more conjecture than fact. Cost of housing has ALWAYS been somewhat of a roller-coaster. A dip in the line does not constitute a "crash".

[Robbb]

That’s Sumter County too. The Fed has really placed the screws into the economy. I’m more or less researching. The bottom here should be about 9 more percent off the 4% drop?

How does Sumter county affect bonds? Isn't that all on the developer?

[billethkid]

I wondered what that NOISE was!

:icon_bored:

[Normal]

How does Sumter county affect bonds? Isn't that all on the developer?

Yes, infrastructure pricing is. Pricing depends on kickbacks etc also. It was a paradigm for some that the bond was all about Lake County and their hoops. It doesn’t hold true at all though if the development is in Sumter. Sorry for any ambiguity.

[GoRedSox!]

I believe Newell, Lake Denham, and Dabney are all in Lake County.

[Bogie Shooter]

With the Villages now discounting many homes, I wonder where the bottom is before buying.

Wow, there seems to be a surplus and glut of new houses. Finally the market is bottoming out?
Homefinder - The Villages(R) Homes and Villas for Sale (https://www.thevillages.com/homefinder/?new&preowned&homesites&status&lng=-81.93548211415732&lat=28.76022539186971&lvl=6)

The Villages has dropped more new home prices this week in the poorly selling Village of Lake Denham. Check out 7026 Baysinger Path.

A definite warning for Villages retirement considerations.

If you are cinsbuying, the writing isn’t just on a YouTube wall. The rubber has met the road.

There were many more threads you started, but the mods have closed them all.
You seem to have some hidden agenda. Your threads/posts have a common thought….its all the Developer’s fault. If you are not happy here, you have options.
Maybe read all your dire predictions and sell/leave BEFORE…..the crash!

[Babubhat]

It’s irrelevant if you are not selling now which is the majority. One house does not make a market. Time for me to update ignore list

[dtennent]

The Villages has dropped more new home prices this week in the poorly selling Village of Lake Denham. Check out 7026 Baysinger Path.

A definite warning for Villages retirement considerations.

If you are cinsbuying, the writing isn’t just on a YouTube wall. The rubber has met the road.
A 4% price cut has not been uncommon in spec houses built by the developer. When we start seeing 15-20% cuts, then we will be in the middle of a real estate “crash”. In any case, any dip in real estate prices is usually short term. Finally, most of us don’t see our homes simply as a financial investment but rather as an opportunity to participate in a great community.

[Altavia]

I was just out there yesterday, do people realize the bonds on these homes are in the low $40,000. I was told the bonds in Eastport will start at $51,000.


Had anyone looked historically at the ratio of bond cost vs initial sell price of homes over time?

[Bogie Shooter]

Yes, infrastructure pricing is. Pricing depends on kickbacks etc also. It was a paradigm for some that the bond was all about Lake County and their hoops. It doesn’t hold true at all though if the development is in Sumter. Sorry for any ambiguity.

What do you mean “kickbacks”? You have proof?

[Normal]

What di you mean “kickbacks”? You have proof?

No agenda whatsoever. Kickbacks can take many forms. How about the fact that “impact fees” charged are so low? I love the Villages, I was just commenting on the facts. Picture’s don’t lie. Are you a realtor? So sorry if I hurt your feelings. This will be a tough run for sure. Just keep the chin up

[Bogie Shooter]

No agenda whatsoever. Kickbacks can take many forms. How about the fact that “impact fees” charged are so low? I love the Villages, I was just commenting on the facts. Picture’s don’t lie. Are you a realtor? So sorry if I hurt your feelings. This will be a tough run for sure. Just keep the chin up

Not a realtor.

[fishon]

Something is not Normal.

[dewilson58]

Something is not Normal.

:a20:

[billethkid]

I remember the "crash" of the early 2000's when sales/closings were at the abysmal low of 100-150 homes per month! :22yikes:

[bsloan1960]

The Real Estate market is subject to fluctuations. TV has done well even during some of these fluctuations, but it normal and not indicative of some error on their part that prices here are being adjusted downward. When Real Estate has its next boom the country will go back to record numbers of sales- and so will TV.

[drducat]

Homes located near or on a busy corner or those that back up to or near the turnpike always have been discounted passed a certain time threshold. They have been doing the discounts forever.

[Bogie Shooter]

Something is not Normal.

Did you mean somebody?:1rotfl:

[Randall55]

The Villages has dropped more new home prices this week in the poorly selling Village of Lake Denham. Check out 7026 Baysinger Path.

A definite warning for Villages retirement considerations.

If you are cinsbuying, the writing isn’t just on a YouTube wall. The rubber has met the road. I have received a few calls asking if I am interested in a home at Moultrie Creek. I looked at the model floor plans and noticed one I had my eye on has been discontinued. Maybe, this is the reason for the drop in prices on a few homes in Lake Denham. Building is still very strong. Homes in the area of Eastport are under contract and construction has begun. They do not seem to be concerned with the inventory in Lake Denham and Dabney.

[Michael 61]

Not everyone looks at their retirement home as an “investment” that they plan on “flipping”. I moved here for the lifestyle and amenities, as have most (not all) people I meet.

[Altavia]

...

Are you a realtor?
...




Well my friend - your posts seem similar to disgruntled ex-Villages reps/realtors who posted here in the past...

Discounting homes in the less desirable locations is far from a "crash."

May also be releasing inventory for return of seasonal visitors here more for lifestyle than location.

[Altavia]

No agenda whatsoever. Kickbacks can take many forms. How about the fact that “impact fees” charged are so low? I love the Villages, I was just commenting on the facts. Picture’s don’t lie. Are you a realtor? So sorry if I hurt your feelings. This will be a tough run for sure. Just keep the chin up

The current budget/ tax rate verified impact fees are not low when you add close to a cumulative three billion dollars per year of new homes/businesses to the property tax base every year.

A small proportion of those taxes come back into the Villages.

[Rosethorn]

Today, my dream came true and my husband and I (just married five months ago) closed on our dream house in Buttonwood.

Already met two neighbors and they’re wonderful.

Can’t wait to start our new life in this incredibly beautiful and well-designed community.

Did we pay too much? Meh. Who’s to say? Is this an investment? Absolutely not. It’s our “forever home.”

Do I regret buying at such a high price? Not at all. Those of us who can afford this privilege (of living in such a beautiful place) should be waking up every day with a smile!

I love this place and am so grateful to be “A Villager”!

[VApeople]

cinsbuying? ������

Who cares what it means? I only respond to posts that use clear English.

[GoRedSox!]

Today, my dream came true and my husband and I (just married five months ago) closed on our dream house in Buttonwood.

Already met two neighbors and they’re wonderful.

Can’t wait to start our new life in this incredibly beautiful and well-designed community.

Did we pay too much? Meh. Who’s to say? Is this an investment? Absolutely not. It’s our “forever home.”

Do I regret buying at such a high price? Not at all. Those of us who can afford this privilege (of living in such a beautiful place) should be waking up every day with a smile!

I love this place and am so grateful to be “A Villager”!Congratulations on your purchase and I hope you guys enjoy every minute. Like you, we closed on August 23rd and the Board in the Brownwood Sales Office was equally full with the names of new Villagers.

[MX rider]

Not everyone looks at their retirement home as an “investment” that they plan on “flipping”. I moved here for the lifestyle and amenities, as have most (not all) people I meet.
100% agree. We did the same and don't care about our homes value or the real estate market. We love our home and TV. And we just want to enjoy the years we have left, as low stress as possible.

[Gpsma]

I feel the Kool Aid flowing from the new Villagers pores!

[Laker14]

Stuff goes up, stuff goes down. As long as one doesn't have all of one's eggs in one basket, and one doesn't overextend themselves financially, these little blips in the housing market, or the stock market, should be inconsequential to the quality of life.

I'm getting older every day and I've seen this, and much worse, before.
Nothing to see here.

[shaw8700@outlook.com]

We’re planning to move there just as soon as we get this one sold. But that may take awhile as we wait to see what this market is going to do. Here in Arizona this is the time of year to sell but I don’t see one house selling.

But when this market gets moving again, we will buy with relish because we aren’t buying just a house, we’re buying everything that goes with it. I can hardly wait.

[Laker14]

We’re planning to move there just as soon as we get this one sold. But that may take awhile as we wait to see what this market is going to do. Here in Arizona this is the time of year to sell but I don’t see one house selling.

But when this market gets moving again, we will buy with relish because we aren’t buying just a house, we’re buying everything that goes with it. I can hardly wait.

Are you planning on buying new, or a pre-sale? Do you have an area here in TV in mind?

[msilagy]

Just makes used homes more desirable. What people actually pay for some of these homes is amazing for what you get! Koolaide must be very potent.

[rsmurano]

The sky is falling, the sky is falling!
TV also lowered the prices of some homes in one of there last villages because they weren’t selling, it was because the sky was falling, it was because the village wasn’t located in a good location. Probably the same going on down by 470. I just ran into a couple that bought down there and they weren’t happy with the commute and nothing to do down there. It will take you 30 mins by golf cart ride to get to sawgrass, which is still 30 mins away from any executive golf course.
If the cost comes down, AND you can pay with cash, then you are in good shape.
My guess, Eastport homes will be going for a premium over the Newell area, because they will have a legitimate square, many golf courses, shopping, and in Sumter county, which Newell and east do not have any of those amenities.

[wsachs]

I was just out there yesterday, do people realize the bonds on these homes are in the low $40,000. I was told the bonds in Eastport will start at $51,000.

And it's miles away from stores, restaurants, gas stations, real golf courses and too few pools/rec centers. Like living in a different town entirely.

[jimdecastro]

I believe Newell, Lake Denham, and Dabney are all in Lake County.

We are. The $51,000 is for Multrie Creek near Eastport - which is in Sumter.

[Kittyjohn]

When we were waiting to get into The Village of Richmond…the prices in DeLuna dropped just like this. We were determined to be in Richmond, so the delay, in order to sell those left in DeLuna, was so hard for an anxious buyer like us!!

[jimdecastro]

The Villages has dropped more new home prices this week in the poorly selling Village of Lake Denham. Check out 7026 Baysinger Path.

A definite warning for Villages retirement considerations.

If you are cinsbuying, the writing isn’t just on a YouTube wall. The rubber has met the road.

The haters can hate but you are right. There are houses in Newell that were dropped as much as $45,000. BUT even though there are issues here with lagging facilities and amenities the 1150 homes in Newell sold in about 9 months (there are 3 left). The bigger issues are quality of construction, safety on Meggison and changes in amenities.

[Mrmean58]

I was just out there yesterday, do people realize the bonds on these homes are in the low $40,000. I was told the bonds in Eastport will start at $51,000.
Just speculating here but I think the bond cost is more a reflection of the cost infrastructure and the number of lots that can be cut in the land being developed. If there is a higher percent of wetlands, non residential land than it appears the bond cost is higher. Again just me speculating.

[HawkinsGuy]

And it's miles away from stores, restaurants, gas stations, real golf courses and too few pools/rec centers. Like living in a different town entirely.

But, closer to Costco

[Travelhunter123]

The Villages has dropped more new home prices this week in the poorly selling Village of Lake Denham. Check out 7026 Baysinger Path.

A definite warning for Villages retirement considerations.

If you are cinsbuying, the writing isn’t just on a YouTube wall. The rubber has met the road.

The Villages have always dropped the prices of some leftover homes in sections that are mostly sold out before they move on
I’m not sure anything different happened with this one

[bark4me]

I was just out there yesterday, do people realize the bonds on these homes are in the low $40,000. I was told the bonds in Eastport will start at $51,000.
That's how they get you. Lower the price of the home, raise the bond!

[jimkerr]

The Villages has dropped more new home prices this week in the poorly selling Village of Lake Denham. Check out 7026 Baysinger Path.

A definite warning for Villages retirement considerations.

If you are cinsbuying, the writing isn’t just on a YouTube wall. The rubber has met the road.

Another dumb post.

[Remembergoldenrule]

In most real estate markets, PRICE IS TIED TO LOCATION, LOCATION, LOCATION.
They are lowering the price of new homes down there because the location is poor and taxes and fees are high. Flood insurance is required on a lot of the homes.
If I were looking, I would look in the Dunedin area. Houses there sell quickly because it is convenient and bond and taxes are lower. Houses sell in weeks.

[GoRedSox!]

I chuckle at the notion that we have just drank the Kool-Aid. That is so funny to me. I don't think that the eagerness to begin a new life in retirement should ever be confused with Kool-Aid. It's one of the milestone moments in everyone's life. First of all, we are grateful we made it this far, not everyone does! Also, we worked our whole lives for this. If entering into this with enthusiasm and optimism is drinking the Kool-Aid, pour me another glass.

When we were in our home search, we were open to new and pre-owned homes. At that time, which was just this year, the place that The Villages was selling new homes was Newell, Lake Denham and Dabney. We were very aware that these Villages were in Lake County and had Leesburg taxes and it was higher than Sumter. We were very aware of that the bonds were higher. We were aware of the proximity to the turnpike, the power lines, the area amenities and how long it took to get places by golf car. But it was very nice down there, and the people who were buying new homes that we met were great. We ended up buying a pre-owned home near Brownwood, but if we didn't find this one it could have just as easily been a new one down there. And it would not have been that we didn't know all the factors, but because pragmatically, that's where The Villages was selling new homes. We didn't know where or when new homes would be available in other locations or whether those locations would have been more preferable.

I am quite sure all of those homes will sell. Some may call it Kool-Aid, but I have never been to place of this size that is so beautiful almost everywhere. I still marvel at how there is almost no litter. There is pride of ownership evident in the homes here in every single village we have been in from top to bottom. I have also never lived anywhere where almost everyone has positive things to say. When you come here for lifestyle visit, the Villages encourages you to interact with plenty of Villagers, not just the ones who work for them. I think they know that it's average Villagers, including those who have been here a long time, that do the best job of selling this place.

[Bogie Shooter]

And it's miles away from stores, restaurants, gas stations, real golf courses and too few pools/rec centers. Like living in a different town entirely.

And where do you live?

[Boilerman]

I chuckle at the notion that we have just drank the Kool-Aid. That is so funny to me. I don't think that the eagerness to begin a new life in retirement should ever be confused with Kool-Aid. It's one of the milestone moments in everyone's life. First of all, we are grateful we made it this far, not everyone does! Also, we worked our whole lives for this. If entering into this with enthusiasm and optimism is drinking the Kool-Aid, pour me another glass.

When we were in our home search, we were open to new and pre-owned homes. At that time, which was just this year, the place that The Villages was selling new homes was Newell, Lake Denham and Dabney. We were very aware that these Villages were in Lake County and had Leesburg taxes and it was higher than Sumter. We were very aware of that the bonds were higher. We were aware of the proximity to the turnpike, the power lines, the area amenities and how long it took to get places by golf car. But it was very nice down there, and the people who were buying new homes that we met were great. We ended up buying a pre-owned home near Brownwood, but if we didn't find this one it could have just as easily been a new one down there. And it would not have been that we didn't know all the factors, but because pragmatically, that's where The Villages was selling new homes. We didn't know where or when new homes would be available in other locations or whether those locations would have been more preferable.

I am quite sure all of those homes will sell. Some may call it Kool-Aid, but I have never been to place of this size that is so beautiful almost everywhere. I still marvel at how there is almost no litter. There is pride of ownership evident in the homes here in every single village we have been in from top to bottom. I have also never lived anywhere where almost everyone has positive things to say. When you come here for lifestyle visit, the Villages encourages you to interact with plenty of Villagers, not just the ones who work for them. I think they know that it's average Villagers, including those who have been here a long time, that do the best job of selling this place.

Ignore the cynical naysayers and enjoy your new life here - Congratulations!

[Blackbird45]

It really doesn't matter what the price is, either want to live here or you don't, that's the only thing that should matter.
If you're looking for a profit that is a different thing entirely, and your profit will depend on when you bought and when you want to sell.
I bought my house 12 years ago; it matches the pictures in the initial posting.
We paid under $300K, if as the posting states that this type of home is selling for $400K+, you're talking over $100K profit.
Even in a downturn market that's not bad.
No one can predict for certain where the market is going to be a year from now, that house that is selling for $400K could go down to $200K or up to $600K.
Alan Greenspan was fed chair from 1987 until 2006, during that time he assured us the housing market was safe.
In 2007 the housing market crashed.

[mizerkeith]

Who would live down there no par threes and your in the middle of nowhere

[dewilson58]

Who would live down there no par threes and your in the middle of nowhere

Thousands of people.

Jus like "who would live South of 466".

Jus like "who would live South of 466a".

All those crazy people. :jester:

[Bogie Shooter]

Who would live down there no par threes and your in the middle of nowhere
Post #4 of 4 negative posts………

[Topspinmo]

The Villages has dropped more new home prices this week in the poorly selling Village of Lake Denham. Check out 7026 Baysinger Path.

A definite warning for Villages retirement considerations.

If you are cinsbuying, the writing isn’t just on a YouTube wall. The rubber has met the road.


Probably getting harder to sell their home to move. Majority can’t afford to own 2 homes at once especially in high tax areas.

[MX rider]

I chuckle at the notion that we have just drank the Kool-Aid. That is so funny to me. I don't think that the eagerness to begin a new life in retirement should ever be confused with Kool-Aid. It's one of the milestone moments in everyone's life. First of all, we are grateful we made it this far, not everyone does! Also, we worked our whole lives for this. If entering into this with enthusiasm and optimism is drinking the Kool-Aid, pour me another glass.

When we were in our home search, we were open to new and pre-owned homes. At that time, which was just this year, the place that The Villages was selling new homes was Newell, Lake Denham and Dabney. We were very aware that these Villages were in Lake County and had Leesburg taxes and it was higher than Sumter. We were very aware of that the bonds were higher. We were aware of the proximity to the turnpike, the power lines, the area amenities and how long it took to get places by golf car. But it was very nice down there, and the people who were buying new homes that we met were great. We ended up buying a pre-owned home near Brownwood, but if we didn't find this one it could have just as easily been a new one down there. And it would not have been that we didn't know all the factors, but because pragmatically, that's where The Villages was selling new homes. We didn't know where or when new homes would be available in other locations or whether those locations would have been more preferable.

I am quite sure all of those homes will sell. Some may call it Kool-Aid, but I have never been to place of this size that is so beautiful almost everywhere. I still marvel at how there is almost no litter. There is pride of ownership evident in the homes here in every single village we have been in from top to bottom. I have also never lived anywhere where almost everyone has positive things to say. When you come here for lifestyle visit, the Villages encourages you to interact with plenty of Villagers, not just the ones who work for them. I think they know that it's average Villagers, including those who have been here a long time, that do the best job of selling this place.

Very well said. We feel very much they way you do. We love drinking the Kool Aid!

[Burnie]

I've read all the above posts (I'm old and retired with plenty of time on my hands, so it's entertaining).

My wife and I came here on a lifestyle visit in September, 2003. After taking a tour bus ride, talking to our assigned real estate agent and drinking the KoolAid, we were shown a lot of neighborhoods. There were no villages south of 466. We decided to purrchase a new home rather than pre-owned, so the agent took us to what looked like a desert.

The area was prepped for new homes south of 466, but none had yet been built. At the time, The Villages didn't sell "spec homes" as we called them. We were shown a map of what was proposed with the roads, etc. and taken to the area now called the Village of Bonny Brook.

According to the Villages rep, we had our choice of any lot in the area because we were the first to purchase in the area. One was chosen and we then were taken to several model home sites (Ranch style, Designer and Premier). After some time, we decided on a Designer Home called The Camelia, paid the deposit and went back to Massachusetts.

We were given a date to return (in November) to choose all the options for our new home and did so during another sort of lifestyle visit where the Villages put us up for a week in a 2-story villa style home at Spanish Springs. Options to be chosen included how many electric outlets in each room and their location ... very detailed.

Four months later, in March 2004 we came back and closed on our house, moved in during June and have been here ever since. Not only no regrets, but we love The Villages.

For the newer folks here, back then we were chauffeured for both visits, to and from Orlando airport in a long, white Lincoln limousine.

Just a short narrative about how purchasing here took place back when The Villages had a population of about 33,000.

[roadrnnr]

[QUOTE=Normal;2268700]That’s Sumter County too.

Arn't all the New homes in Lake county?

[dewilson58]

[QUOTE=Normal;2268700]That’s Sumter County too.

Arn't all the New homes in Lake county?

:oops:

[Normal]

[QUOTE=Normal;2268700]That’s Sumter County too.

Arn't all the New homes in Lake county?

No, Middleton and Eastport are in Sumter. It’s easy to get confused about the issue though. My original post was just presenting the facts, I’m pro retirement in the Villages but I don’t endorse the all Sunshine Villages Sun paper either…lol. Bargains will be had soon enough for many, and that’s just fine with me. Some may be even in Sumter County, another great place to live.
All kickbacks, bonds and impact fees aside
:wave:

[lawgolfer]

We’re planning to move there just as soon as we get this one sold. But that may take awhile as we wait to see what this market is going to do. Here in Arizona this is the time of year to sell but I don’t see one house selling.

But when this market gets moving again, we will buy with relish because we aren’t buying just a house, we’re buying everything that goes with it. I can hardly wait.

Great thoughts!

Don't delay. Get your Arizona house sold, move here, and enjoy the good life. The Villages is unbelievable. Anyone who is not happy here will not be happy anywhere. There is no trash, graffiti, homeless camps or run-down houses. The fresh plants at the roundabouts and the landscaping of the major streets are amazing. You don't have to drive past 7-11's, tire shops, "head"shops, or porno parlors to go to the grocery store.

Every time I see a line of golf carts at one of the squares, I get a smile on my face. Every time I pull into one of the extra-wide parking spaces or the extra-long parallel street spaces, I chuckle at the thoughtfulness of the developer. I marvel at the foresight of the Morris family in recognizing the benefit of having continuity in the design of the infrastructure, the roundabouts, the street lighting, the community centers etc.

There are more organized clubs than you can count. You may not join a single one. However, if you want to associate with others who own a Chrysler convertible, they're here and they will welcome you. After you settle in, you'll find that your life style hasn't changed that much. If you do anything different, it will be something that you were interested in before you moved here. If you didn't make quilts when you lived in Peoria, I doubt you'll join the quilting club. If you were a golfer before, you'll play more golf here. If you weren't a golfer, you'll still wonder why so many fools spend most of their time doing so. The only new activity you may take up will be pickleball, which EVERYBODY seems to be playing (if you do, be sure to acquaint yourself with the doctors at the Orthopedic Institute on Hwy 441).

Give a lot of thought to where you buy a house. In the new areas in the south, you get a new house, new appliances, new landscaping, new community centers etc. Those are important. The downside is that you will not have an established numbers of services. At Spanish Springs and Lake Sumter, you will have doctors, dentists, barbers, drug stores, restaurants, supermarkets, etc all accessible by golf cart (at Lake Sumter, I drove my cart to my cataract surgery. My wife drove it to the imaging center for an MRI).

The downside in the older areas--we spent 50% of the price of our house on a complete remodel and spent, in total, more than the price for which we could have bought a new house in the south. Contractors for remodeling are very expensive and hard to get. The upside is that we got everything we wanted (and I'm three minutes by cart to a championship golf course).

The best advice when house-hunting is look at an overhead view (Zillow) before taking the time to drive to any house you are considering. If you see a street with a double-yellow line, look elsewhere, if you enjoy peace and quiet. If you are going to spend the money to live on a golf course, be certain that it is not in the line of fire of a stray shot, unless you like meeting new people walking in your yard and on your landscaping.


You'll love The Villages.

[lawgolfer]

We’re planning to move there just as soon as we get this one sold. But that may take awhile as we wait to see what this market is going to do. Here in Arizona this is the time of year to sell but I don’t see one house selling.

But when this market gets moving again, we will buy with relish because we aren’t buying just a house, we’re buying everything that goes with it. I can hardly wait.

Great thoughts!

Don't delay. Get your Arizona house sold, move here, and enjoy the good life. The Villages is unbelievable. Anyone who is not happy here will not be happy anywhere. There is no trash, graffiti, homeless camps or run-down houses. The fresh plants at the roundabouts and the landscaping of the major streets are amazing. You don't have to drive past 7-11's, tire shops, "head"shops, or porno parlors to go to the grocery store.

Every time I see a line of golf carts at one of the squares, I get a smile on my face. Every time I pull into one of the extra-wide parking spaces or the extra-long parallel street spaces, I chuckle at the thoughtfulness of the developer. I marvel at the foresight of the Morris family in recognizing the benefit of having continuity in the design of the infrastructure, the roundabouts, the street lighting, the community centers etc.

There are more organized clubs than you can count. You may not join a single one. However, if you want to associate with others who own a Chrysler convertible, they're here and they will welcome you. After you settle in, you'll find that your life style hasn't changed that much. If you do anything different, it will be something that you were interested in before you moved here. If you didn't make quilts when you lived in Peoria, I doubt you'll join the quilting club. If you were a golfer before, you'll play more golf here. If you weren't a golfer, you'll still wonder why so many fools spend most of their time doing so. The only new activity you may take up will be pickleball, which EVERYBODY seems to be playing (if you do, be sure to acquaint yourself with the doctors at the Orthopedic Institute on Hwy 441).

Give a lot of thought to where you buy a house. In the new areas in the south, you get a new house, new appliances, new landscaping, new community centers etc. Those are important. The downside is that you will not have an established numbers of services. At Spanish Springs and Lake Sumter, you will have doctors, dentists, barbers, drug stores, restaurants, supermarkets, etc all accessible by golf cart (at Lake Sumter, I drove my cart to my cataract surgery. My wife drove it to the imaging center for an MRI).

The downside in the older areas--we spent 50% of the price of our house on a complete remodel and spent, in total, more than the price for which we could have bought a new house in the south. Contractors for remodeling are very expensive and hard to get. The upside is that we got everything we wanted (and I'm three minutes by cart to a championship golf course).

The best advice when house-hunting is look at an overhead view (Zillow) before taking the time to drive to any house you are considering. If you see a street with a double-yellow line, look elsewhere, if you enjoy peace and quiet. If you are going to spend the money to live on a golf course, be certain that it is not in the line of fire of a stray shot, unless you like meeting new people walking in your yard and on your landscaping.


You'll love The Villages.

[Normal]

Great thoughts!

Don't delay. Get your Arizona house sold, move here, and enjoy the good life. The Villages is unbelievable….



You'll love The Villages.

Absolutely, just do your homework. You can save thousands by not going into things blindly. If you buy other than new, it’s super easy to find the original purchase price. You don’t want to put 10s of thousands in some profit seeker’s pockets. It gives you a true sense of value before purchasing.

[CoachKandSportsguy]

Absolutely, just do your homework. If you buy other than new, it’s super easy to find the original purchase price. It gives you a true sense of value before purchasing.

So just curious, what multiplier do you put on the builder's construction cost / purchase price to get to today's price? Is there an age multiplier or is there an interest rate de-multiplier?

Just curious how a 5 year old construction sold as new price give you a true value of any individual house today, which may or may not have stayed the same, including the neighborhood? that's one interesting trick, given that each house probably has unique features. . like an added on pool, etc.

really want to read this answer

[ThirdOfFive]

Ignore the cynical naysayers and enjoy your new life here - Congratulations!
Second that.

Just speculation...there is a clique of naysayers over at ********-**** that seems to be intent on denigrating TV at every opportunity and through every available means. Some of the posts by the naysayers around here (usually, though not always, folks with very few or even zero posts to their credit) resemble those naysayers to an uncomfortable degree.

Just sayin'.

[Normal]

So just curious, what multiplier do you put on the builder's construction cost / purchase price to get to today's price? Is there an age multiplier or is there an interest rate de-multiplier?

Just curious how a 5 year old construction sold as new price give you a true value of any individual house today, which may or may not have stayed the same, including the neighborhood? that's one interesting trick, given that each house probably has unique features. . like an added on pool, etc.

really want to read this answer
You can’t conflate new costs with used unless you want to aggregate everything to one market. You can amortize line by line, but then opportunity costs, sunk costs and external costs come into play.

I go holistically with the “field dependent “ side of economics. Supply is important along with comps, interest rates and demand. Something is only worth what someone is willing to pay for it, this is regardless of original pricing, inflation rates etc.

My post is just implying the fact that houses are priced and being reduced in price. The obvious writing is that this is a time when prices are decreasing, please let us know if you think they are increasing.

Just get on line with google, Redfin , realtor.com etc. and do your own calculations. If someone bought a house 2 years ago and paid 329,000 and now they want 400,000 you can barter to a realistic price. Micro and macro are applicable of course with additions of landscaping etc.

I do confess I am more of a Richard Freeman type if it matters at all.

What’s your beef with people making good choices?

[Vermilion Villager]

There were many more threads you started, but the mods have closed them all.
You seem to have some hidden agenda. Your threads/posts have a common thought….its all the Developer’s fault. If you are not happy here, you have options.
Maybe read all your dire predictions and sell/leave BEFORE…..the crash!
Good catch!!! I was wondering the same thing. This guy is been a member since 2021 and he appears to believe he is an expert on the historical market for the villages.

[Normal]

Good catch!!! I was wondering the same thing. This guy is been a member since 2021 and he appears to believe he is an expert on the historical market for the villages.

Just another trying to edge extra cash out of the housing market here.

Again, what is your beef with prices decreasing in The Villages? And please do let us know if you think they are going up. The citations and photos are my proof, please be objective.

[HJBeck]

Cost of money!

[Escape Artist]

We’re planning to move there just as soon as we get this one sold. But that may take awhile as we wait to see what this market is going to do. Here in Arizona this is the time of year to sell but I don’t see one house selling.

But when this market gets moving again, we will buy with relish because we aren’t buying just a house, we’re buying everything that goes with it. I can hardly wait.

Arizona us just as desirable a place to move for retirement as Florida. If I may ask, why are you leaving? I love AZ and have visited many times and considered the Robson Communities but The Villages was more in my price range!

[Two Bills]

One thing the Housing Market, Stock Market, and Arnold Schwarzenegger have in common, is they will "All be back!"

Buy! Buy!

[manaboutown]

Arizona us just as desirable a place to move for retirement as Florida. If I may ask, why are you leaving? I love AZ and have visited many times and considered the Robson Communities but The Villages was more in my price range!

My brother in 2016 bought a home in a Robson development, The Preserve at Saddlebrooke. It is only worth about 50% more than what he paid for it after over seven years. I visited him a couple times and found it remote, a long drive from just about everything. They only had one clubhouse and restaurant. Only one golf course I believe. Anyway it was not for me. I much prefer The Villages.

[Velvet]

I like this idea of housing crash in TV since I don’t plan to sell in the near future, but why has my property tax gone up by a significant amount, instead of down then?

[Randall55]

I like this idea of housing crash in TV since I don’t plan to sell in the near future, but why has my property tax gone up by a significant amount, instead of down then?In 2008, when the entire country saw significant devaluation of their homes, not so much in the Villages. The cost of homes decreased by $20,000-$30,000 for a short time period. In two years, the market returned to the before crash prices and then stabilized. I saw no change in my property taxes in that time period.

[DrMack]

The Villages has dropped more new home prices this week in the poorly selling Village of Lake Denham. Check out 7026 Baysinger Path.

A definite warning for Villages retirement considerations.

If you are cinsbuying, the writing isn’t just on a YouTube wall. The rubber has met the road.

For some of us, money doesn’t matter. We will enjoy The Villages for years to come no matter what! I’m not attacking what you have posted, you seem reasonable about your concerns. We researched TV for a while before we bought in. I don’t know that the “crash” is here though. Yes prices are going down, but crash seems a little harsh. Where did you get all the pictures from?

[vintageogauge]

What does the original purchase price have to do with today's selling price. The only "fairly" true way to evaluate a used home is to find recent comps and even that is hard as the lot prices vary soooo much depending on the village and the features the lot has. Then there is landscaping added, possibly an enclosed lanai, or pavers, or carpet replaced with hardwoods or tile, so on and so on but the original purchase price has absolutely nothing to do with a homes current value.

[Altavia]

But yet the newest Villages Board continues to fill up - looks like something near 50 closings Oct 2-3.

[lawgolfer]

My brother in 2016 bought a home in a Robson development, The Preserve at Saddlebrooke. It is only worth about 50% more than what he paid for it after over seven years. I visited him a couple times and found it remote, a long drive from just about everything. They only had one clubhouse and restaurant. Only one golf course I believe. Anyway it was not for me. I much prefer The Villages.

Robson has several high-end developments in Arizona and one outside Austin, TX.

However, Robson, as well as other similar retirement developments, has a golf course, a fancy clubhouse, tennis courts, and a restaurant. For anything else, from a loaf of bread to a pair of flip-flops, you have to go outside the gates, and not in a golf cart. For a doctor or dentist, you are likely to have to drive many miles.

There is no place like The Villages. The only thing I can think of that I need but can't buy in The Villages is a set of tires for our car. Even then, they are available just outside TV.

[Pat2015]

That’s been the case in TV with every village they’ve built where some homes are discounted if they don’t sell. Also, prices are reduced when there’s only a handful of houses that remain unsold in a new village to close out the sales there. There’s nothing to be alarmed about based on the present sales. Also, theres only 3 new houses left in Newell out of 1100 that were built. All is well here in TV and they are continuing to build at a frenzied pace.

[Stu from NYC]

They are still selling about 300 new homes a month and looks like they will continue to do so but perhaps at a slightly reduced price, maybe 5% cheaper.

[MrChip72]

I like this idea of housing crash in TV since I don’t plan to sell in the near future, but why has my property tax gone up by a significant amount, instead of down then?

I think many people don't understand how property taxes are calculated. Sure it's based on a multiplier of your home value, but that multiplier sometimes called the "mill rate" will simply go up in line with the drop in home prices to meet whatever the local county budget requires.

[Velvet]

I think many people don't understand how property taxes are calculated. Sure it's based on a multiplier of your home value, but that multiplier sometimes called the "mill rate" will simply go up in line with the drop in home prices to meet whatever the local county budget requires.

Aha, makes sense, in a way. But expensive houses don’t go up in the same proportion as cheaper homes. And yet the mill rate is probably the same. So there is a redistribution of income.

[MrChip72]

Aha, makes sense, in a way. But expensive houses don’t go up in the same proportion as cheaper homes. And yet the mill rate is probably the same. So there is a redistribution of income.

Mill rates aren't usually equal. For example, in prime waterfront properties the mill rate will usually be 2x what a similar sized non-waterfront property "across the street" in the same area will be regardless of property value which could lead to the waterfront one paying 5x the yearly taxes when you factor in the higher value.

[manaboutown]

Aha, makes sense, in a way. But expensive houses don’t go up in the same proportion as cheaper homes. And yet the mill rate is probably the same. So there is a redistribution of income.

Not so!

[shaw8700@outlook.com]

Are you planning on buying new, or a pre-sale? Do you have an area here in TV in mind?

Definitely a used home, but I don’t know what will be available by that time.

[Velvet]

Mill rates aren't usually equal. For example, in prime waterfront properties the mill rate will usually be 2x what a similar sized non-waterfront property "across the street" in the same area will be regardless of property value which could lead to the waterfront one paying 5x the yearly taxes when you factor in the higher value.

So then you are saying the mill rates compensate for the market value of various categories of houses? You are right I am not sure how mill rates are determined. How does assessment relate to present market value then?

[shaw8700@outlook.com]

My brother in 2016 bought a home in a Robson development, The Preserve at Saddlebrooke. It is only worth about 50% more than what he paid for it after over seven years. I visited him a couple times and found it remote, a long drive from just about everything. They only had one clubhouse and restaurant. Only one golf course I believe. Anyway it was not for me. I much prefer The Villages.

I was blissfully unaware of TV, thinking that my home here in Rio Verde was the most beautiful place on earth. Then I saw a video on YouTube entitled “The Most Infamous Retirement Community” and I got excited. Then I saw more videos, like ones by Skip and Sue, The Newcomers, and others. Then my husband went with me to TV in July and we both fell in love with the landscaping, how clean it was, the birds and the manatees. He wasn’t convinced he would like it, because of the number of people, but everything else he loved. Now both of us are chomping at the bit to move.

This is a very small community compared with TV, and as a result, especially in the summertime, there’s nothing to do here if you don’t golf. There’s a county park close by so my husband could go and ride his bike or hike but that’s all we do. It’s amazing to me that you can take your golf cart to get your nails done, go to the doctor, go to so many restaurants, shopping, we even to a hardware store when we were out there!

Now if the snowbirds will just buy my home!

[margaretmattson]

So then you are saying the mill rates compensate for the market value of various categories of houses? You are right I am not sure how mill rates are determined. How does assessment relate to present market value then?I am not an expert but hope some of these points will help. These points are the same for all Floridians.

1.Property taxes are paid in the arrears. You will not see a decrease (or increase) immediately.

2. The amount of tax you pay is determined by the purchase price of the home minus the homestead exemption if your home is a personal residence.

3. Once your tax is calculated the amount collected cannot be raised more than 3% each year.

4. It is possible for your neighbor to be paying much less in taxes. It depends on how much they paid for the home as well as how long they lived in the home.

Here is where my thoughts differ from other posters. I believe the millage rate is the same for all homes in a particular county and city. i.e. People living in Sumter county pay the same millage rate. People living in Sumter and within the city of Wildwood pay the same millage rate. The amount charged to a homeowner cannot exceed 3% each year even if the home increases more in value. Maybe, others know something I do not? I have lived here 22 years and the points I have mentioned have been followed by the County consistently and accurately. The CDD assessment seems to vary.

[Laker14]

Definitely a used home, but I don’t know what will be available by that time.


Don't let a sense of urgency creep into your thinking. There is always enough turnover with our aging population in TV to give you some nice choices, if you are looking pre-owned.

We were fortunate in that we had friends who bought here in Largo, when it was brand-new, about a decade before we retired, and had us down a few times. Also we rented for 3 snowbird winters before we bought. This gave us ample opportunity to visit different areas and really helped us in our decision making.

Perhaps, if your home takes a while to sell, you can use the delay to make a few more visits and nail down more precisely areas you'd like to live, and like to avoid. It's a huge place, and not all of the areas are the same.

They all have something to offer, but they aren't all the same.
I think if you are patient you will be rewarded.
Best of luck!

[Bogie Shooter]

I was blissfully unaware of TV, thinking that my home here in Rio Verde was the most beautiful place on earth. Then I saw a video on YouTube entitled “The Most Infamous Retirement Community” and I got excited. Then I saw more videos, like ones by Skip and Sue, The Newcomers, and others. Then my husband went with me to TV in July and we both fell in love with the landscaping, how clean it was, the birds and the manatees. He wasn’t convinced he would like it, because of the number of people, but everything else he loved. Now both of us are chomping at the bit to move.

This is a very small community compared with TV, and as a result, especially in the summertime, there’s nothing to do here if you don’t golf. There’s a county park close by so my husband could go and ride his bike or hike but that’s all we do. It’s amazing to me that you can take your golf cart to get your nails done, go to the doctor, go to so many restaurants, shopping, we even to a hardware store when we were out there!

Now if the snowbirds will just buy my home!

Glad you are excited about The Villages. And wish you well in your search of a home here.
You mention the manatees, yes they are fun to see……if you travel to the west coast…but not in TV.

[DrMack]

We’re planning to move there just as soon as we get this one sold. But that may take awhile as we wait to see what this market is going to do. Here in Arizona this is the time of year to sell but I don’t see one house selling.

But when this market gets moving again, we will buy with relish because we aren’t buying just a house, we’re buying everything that goes with it. I can hardly wait.

You seem to have it together Shaw. Like the original poster suggested, do some homework before buying, it could mean a lot of money. We looked at some pre owned homes and at new ones too. The pre owned homes in the South were way overpriced. Many seemed to think it was still 2022. Homes in the North were nice and we could have upgraded, but didn’t want that. Eventually we decided to buy new..

Things are changing as far as areas and prices are concerned. The dynamic can only be felt if you are in TV. Remember maps don’t always show undesirable things that would bother some!. Neighboring Villages, or even houses should be considered along with sight lines. Noise, power stations and busy traffic all come into play. We did, but it wasn’t near enough.

Try a rental or 2 out. All the squares are nice, but picture long term as well. We like the one story concept and community feelings of support. Enjoy retirement!

[Pballer]

I am not an expert but hope some of these points will help. These points are the same for all Floridians.


3. Once your tax is calculated the amount collected cannot be raised more than 3% each year.

Correction. Only if you are a Florida resident. If not, there is no limit to how much your taxes can be raised per year.

[4$ALE]

:ohdear: Folks please get your info. from the Sumter Co. site. There is a ton of misinformation here.

https://www.sumterpa.com/wp-content/uploads/2023/10/Property-Tax-Information-for-First-time-Florida-Homebuyers.pdf

Example:
"Save Our Homes Benefit"
After the first year a home receives the
homestead exemption, its assessed value for
each following year cannot increase more than 3
percent.

It's "assessed value" not "taxes" with a 3% limit.

[Bill14564]

I am not an expert but hope some of these points will help. These points are the same for all Floridians.

1.Property taxes are paid in the arrears. You will not see a decrease (or increase) immediately.

2. The amount of tax you pay is determined by the purchase price of the home minus the homestead exemption if your home is a personal residence.

3. Once your tax is calculated the amount collected cannot be raised more than 3% each year.

4. It is possible for your neighbor to be paying much less in taxes. It depends on how much they paid for the home as well as how long they lived in the home.

Here is where my thoughts differ from other posters. I believe the millage rate is the same for all homes in a particular county and city. i.e. People living in Sumter county pay the same millage rate. People living in Sumter and within the city of Wildwood pay the same millage rate. The amount charged to a homeowner cannot exceed 3% each year even if the home increases more in value. Maybe, others know something I do not? I have lived here 22 years and the points I have mentioned have been followed by the County consistently and accurately. The CDD assessment seems to vary.

2.) The initial tax is determined by purchase price. Following that, home values are increased or decreased by changes in market value, assessed values are reduced by any exemptions the owner is receiving, increases in assessed values are limited, and the amount of tax paid is determined by the millage rate.

3.) The assessed value is limited, not the amount of tax paid. After the first year when the home is assessed at full market value, the assessed value cannot increase by more than 10%. If the owner receives the homestead credit then the assessed value cannot increase by more than 3%. But, only the assessed value is limited. The taxing authority (county, schools, etc) has the ability to set the millage rate and there is no limit to what they can do to that. While my assessed value went up 3% and my property tax actually decreased, my school tax went up 12% due to a significant increase in the millage rate.

The millage rates set by the county, city, and school boards are the same for all homes in their areas. Everyone in Sumter county has a millage rate of 5.590 for property tax in 2023. Everyone within the incorporated area of Wildwood (or Leesburg or others) will pay an additional tax to them.

Again, there are limits on increases in the assessed value of the home but there are no limits on increases in millage rates so there are no limits on increases in taxes.

[eyc234]

Do not understand all the worry about the value of homes in The Villages. Paid our house off within 2 years and bond in first year. Never in our home ownership life has our home been thought of as an investment, it is our home, where we live, feel safe and comfortable. If all goes bad we have a place to live and not worry about. We will only leave our home when we can no longer maintain it or take care of ourselves. At that point the value of our home will not mean anything or we will die which means it goes in the trust and our heirs get something for nothing. More interested in cost of utility and insurance increases. Just our view and like everyone they say everyone has one.

[Velvet]

I am not an expert but hope some of these points will help. These points are the same for all Floridians.

1.Property taxes are paid in the arrears. You will not see a decrease (or increase) immediately.

2. The amount of tax you pay is determined by the purchase price of the home minus the homestead exemption if your home is a personal residence.

3. Once your tax is calculated the amount collected cannot be raised more than 3% each year.

4. It is possible for your neighbor to be paying much less in taxes. It depends on how much they paid for the home as well as how long they lived in the home.

Here is where my thoughts differ from other posters. I believe the millage rate is the same for all homes in a particular county and city. i.e. People living in Sumter county pay the same millage rate. People living in Sumter and within the city of Wildwood pay the same millage rate. The amount charged to a homeowner cannot exceed 3% each year even if the home increases more in value. Maybe, others know something I do not? I have lived here 22 years and the points I have mentioned have been followed by the County consistently and accurately. The CDD assessment seems to vary.

Thank you.

[Velvet]

2.) The initial tax is determined by purchase price. Following that, home values are increased or decreased by changes in market value, assessed values are reduced by any exemptions the owner is receiving, increases in assessed values are limited, and the amount of tax paid is determined by the millage rate.

3.) The assessed value is limited, not the amount of tax paid. After the first year when the home is assessed at full market value, the assessed value cannot increase by more than 10%. If the owner receives the homestead credit then the assessed value cannot increase by more than 3%. But, only the assessed value is limited. The taxing authority (county, schools, etc) has the ability to set the millage rate and there is no limit to what they can do to that. While my assessed value went up 3% and my property tax actually decreased, my school tax went up 12% due to a significant increase in the millage rate.

The millage rates set by the county, city, and school boards are the same for all homes in their areas. Everyone in Sumter county has a millage rate of 5.590 for property tax in 2023. Everyone within the incorporated area of Wildwood (or Leesburg or others) will pay an additional tax to them.

Again, there are limits on increases in the assessed value of the home but there are no limits on increases in millage rates so there are no limits on increases in taxes.

Thank you.

[CDarfus]

No it is Lake County!

[CDarfus]

Yes, it has to have your homestead on it!

[margaretmattson]

I went to look at new homes with my daughter. There is a LARGE inventory of homes. Quite a bit have price reductions. The realtor said it was to close out some neighborhoods. If you are looking for a discounted home, this may be a good time to buy.

[Bogie Shooter]

I went to look at new homes with my daughter. There is a LARGE inventory of homes. Quite a bit have price reductions. The realtor said it was to close out some neighborhoods. If you are looking for a discounted home, this may be a good time to buy.

What is a LARGE inventory as compared to what?

[margaretmattson]

What is a LARGE inventory as compared to what?
Take a drive and see for yourself. I am not the first to notice and post that quite a bit of newly constructed homes have been sitting empty for months. My post was for new buyers. If they want a discounted home, now may be the time.

[Bogie Shooter]

Take a drive and see for yourself. I am not the first to notice and post that quite a bit of newly constructed homes have been sitting empty for months. My post was for new buyers. If they want a discounted home, now may be the time.

Driving around is a good way to gather information.........................

[Randall55]

Take a drive and see for yourself. I am not the first to notice and post that quite a bit of newly constructed homes have been sitting empty for months. My post was for new buyers. If they want a discounted home, now may be the time.I looked at discounted homes on new construction about a month ago. I am not surprised more homes have been discounted. Many homes have been sitting for months. Lake Denham and Dabney are not a prime location. At the time, I thought buyers may be waiting to buy in a better location. However, I looked at ready-to-build lots in Moultrie Creek in the Eastport area. There is not much action there, either. Maybe it is the mortgage interest rates?

[margaretmattson]

Driving around is a good way to gather information.........................Did you read my post? I stated I looked at new homes with my daughter. We spoke to a realtor who gave us a list of discounted homes. I suggested that YOU drive by instead of doubting posters' words.

[Normal]

Mortgage rates are high, but the newest assault on the market is the “forbearance “ wave that has hit its closing point. Borrowers aren’t paying up at a rate as high as 50%. Title offices are already reporting serious concerned on this stem of the market.

[CoachKandSportsguy]

Maybe it is the mortgage interest rates?

yes, but not for these houses, but for the buyer of the homes which the future TV resident is trying to sell to leave before buying in TV.

[justjim]

Driving around is a good way to gather information.........................

Congrats! Number one sarcasm post so far on this thread.

[Randall55]

yes, but not for these houses, but for the buyer of the homes which the future TV resident is trying to sell to leave before buying in TV.This is true for some but not all. I know many who own a home here and one out of state. It is difficult to buy a second home when interest rates are high. Plus, one can earn substantial interest if they invest the money instead of paying cash for a home.

[Randall55]

Congrats! Number one sarcasm post so far on this thread.It is only good sarcasm if it is based on what a poster ACTUALLY STATED. It is a lame remark when the poster stated she spoke to a realtor and he gave her a list of discounted homes.

[Randall55]

Mortgage rates are high, but the newest assault on the market is the “forbearance “ wave that has hit its closing point. Borrowers aren’t paying up at a rate as high as 50%. Title offices are already reporting serious concerned on this stem of the market.I am not up to date with forbearance. Are many skipping payments? Is it costing more money in the long run?

[Bill14564]

It is only good sarcasm if it is based on what a poster ACTUALLY STATED. It is a lame remark when the poster stated she spoke to a realtor and he gave her a list of discounted homes.

Take a drive and see for yourself.

Seems like that is what the poster ACTUALLY STATED.

[Randall55]

I went to look at new homes with my daughter. There is a LARGE inventory of homes. Quite a bit have price reductions. The realtor said it was to close out some neighborhoods. If you are looking for a discounted home, this may be a good time to buy.This was her first post. Another poster wanted to know how many homes and in comparison to what. Drive by and see for yourself is a great response.

The term "drive by" is not always literal. Sometimes, it is slang. As in, "I'll drive by later, hope to see you there!"

[Boffin]

The Villages has dropped more new home prices this week in the poorly selling Village of Lake Denham. Check out 7026 Baysinger Path.

A definite warning for Villages retirement considerations.

If you are cinsbuying, the writing isn’t just on a YouTube wall. The rubber has met the road.

Nope.

[Bill14564]

This was her first post. Another poster wanted to know how many homes and in comparison to what. Drive by and see for yourself is a great response.

The term "drive by" is not always literal. Sometimes, it is slang. As in, "I'll drive by later, hope to see you there!"

So I should step into her head and read what she meant rather than what she wrote. Sorry, mindreading is not one of my superpowers.

[Normal]

I am not up to date with forbearance. Are many skipping payments? Is it costing more money in the long run?

A forbearance and a deferment are basically two types of relief for mortgages

The forbearance program is an agreement between the homeowner and lender to temporarily pause or reduce mortgage payments. Any missed payments are required to be repaid once the forbearance period ends. All extensions are now used up. Home sales have been affected when title companies have attempted to close for a sale of a pre owned home.

The deferment is different. A borrower basically just paused on payments and started back up at a later date. The close of the loan was just extended.to a new date.

Just be aware, it exists and it will soon become more than relevant. For some reason California and Nevada are just starting to feel these effects before other states. I’m not sure why. Title companies report problems. Commercial is a larger issue than residential.

[Randall55]

So I should step into her head and read what she meant rather than what she wrote. Sorry, mindreading is not one of my superpowers.Mindreading may not be your super power, but taking things out of context is a different thing. Twice, in your posts, you eliminated her words about speaking with a realtor.

[Randall55]

A forbearance program is an agreement between the homeowner and lender to temporarily pause or reduce mortgage payments. Any missed payments are required to be repaid once the forbearance period ends. All extensions are now used up. Home sales have been affected when title companies have attempted to close for a sale of a pre owned home.

The deferment is different. A borrower basically just paused on payments and started back up at a later date. The close of the loan was just extended.to a new date.

Just be aware, it exists and it will soon become more than relevant. For some reason California and Nevada are just starting to feel these effects before other states. I’m not sure why. KC and Chicago offices are already working management plans. First American, Old Republic National and Chicago Title all report problems.I understand what a forbearance is. I am not up to date with how many homeowners have skipped payments. Apparently, there must be many if title companies are reporting problems. Honestly, I haven't heard anything about this in the news.

[Bill14564]

Mindreading may not be your super power, but taking things out of context is a different thing. Twice, in your posts, you eliminated her words about speaking with a realtor.

Here is the full post

Take a drive and see for yourself. I am not the first to notice and post that quite a bit of newly constructed homes have been sitting empty for months. My post was for new buyers. If they want a discounted home, now may be the time.

I guess I’m not real good at reading between the lines either.

Yea, in ANOTHER post she mentioned that SHE had talked to a realtor. However, that was not the advice she gave to others in THIS post.

[Randall55]

I went to look at new homes with my daughter. There is a LARGE inventory of homes. Quite a bit have price reductions. The realtor said it was to close out some neighborhoods. If you are looking for a discounted home, this may be a good time to buy.Again, this is her FIRST post. Can you see the words " the realtor said it was to close out some neighborhoods?" Or, do you just want to keep avoiding that statement? It seems like you would rather continue a silly argument instead of simply reading.

[Bill14564]

Again, this is her FIRST post. Can you see the words " the realtor said it was to close out some neighborhoods?" Or, do you just want to keep avoiding that statement? It seems like you would rather continue a silly argument instead of simply reading.

I acknowledged that in my post but you appear to have missed that.

[Blueblaze]

The Villages has dropped more new home prices this week in the poorly selling Village of Lake Denham. Check out 7026 Baysinger Path.

A definite warning for Villages retirement considerations.

If you are cinsbuying, the writing isn’t just on a YouTube wall. The rubber has met the road.

Not sure I'd call half a mil for an 1800 sqft house a "crash". I paid $325 for a 2100 sqft house on the northside, just 3 years ago. We'd passed on a new, custom, $400K, 2300sqft Veranda in Monarch Grove the year before.

The market has cooled a bit after the Covid boom. Big deal. Half the baby boom generation still hasn't retired yet. I think we'll be fine.

[Bogie Shooter]

Driving around is a good way to gather information.........................

Did you read my post? I stated I looked at new homes with my daughter. We spoke to a realtor who gave us a list of discounted homes. I suggested that YOU drive by instead of doubting posters' words.

Congrats! Number one sarcasm post so far on this thread.

It is only good sarcasm if it is based on what a poster ACTUALLY STATED. It is a lame remark when the poster stated she spoke to a realtor and he gave her a list of discounted homes.

Seems like that is what the poster ACTUALLY STATED.

This was her first post. Another poster wanted to know how many homes and in comparison to what. Drive by and see for yourself is a great response.

The term "drive by" is not always literal. Sometimes, it is slang. As in, "I'll drive by later, hope to see you there!"

So I should step into her head and read what she meant rather than what she wrote. Sorry, mindreading is not one of my superpowers.

Mindreading may not be your super power, but taking things out of context is a different thing. Twice, in your posts, you eliminated her words about speaking with a realtor.

Here is the full post



I guess I’m not real good at reading between the lines either.

Yea, in ANOTHER post she mentioned that SHE had talked to a realtor. However, that was not the advice she gave to others in THIS post.

Again, this is her FIRST post. Can you see the words " the realtor said it was to close out some neighborhoods?" Or, do you just want to keep avoiding that statement? It seems like you would rather continue a silly argument instead of simply reading.

I acknowledged that in my post but you appear to have missed that.

Well, thanks for the support or criticism? You two would get into a pi$&*in contest over if it was raining or not.:1rotfl:
Margaret gave her shot……and it’s over.

[Carla B]

This was her first post. Another poster wanted to know how many homes and in comparison to what. Drive by and see for yourself is a great response.

The term "drive by" is not always literal. Sometimes, it is slang. As in, "I'll drive by later, hope to see you there!"

No, not her first post, more like her 539th post.

[Michael 61]

OK, can we please stop with personal attacks on this thread?

[Altavia]

There do seem to be a lot of home on the market all over the Villages.

[margaretmattson]

There do seem to be a lot of home on the market all over the Villages.Thanks for getting back on the subject. Don't be surprised if some posters will want YOU to tell them the meaning of A LOT. They would rather sit behind a computer and doubt what several posters are stating instead of GETTING INTO THEIR CARS and checking the facts themselves.

To clarify: My words GETTING INTO THEIR CARS means: go to the sales office, talk to a realtor, look at the inventory, and ask for a list of discounted homes. Like SEVERAL OF US have done. You will realize new homes have been sitting on the market for months.

[jimbomaybe]

We are. The $51,000 is for Multrie Creek near Eastport - which is in Sumter.
How many threads have we seen that tell us the Bond doesn't matter at resale ? I cannot understand the logic , five figures added to a six figure purchase would to me be a consideration, a deal breaker ? maybe maybe not.

[Moderator]

Please keep person attacks from this post, and return to the value of the thread.

Otherwise thread will be closed.

[asianthree]

How many threads have we seen that tell us the Bond doesn't matter at resale ? I cannot understand the logic , five figures added to a six figure purchase would to me be a consideration, a deal breaker ? maybe maybe not.

If it’s the house, and the village one wants to live in, sometimes a bond isn’t the deciding factor. We are on house#4, have never paid the bond off. So love the house first, then the area/ view, and bond doesn’t really come into play, about what will make us happy

[Altavia]

How many threads have we seen that tell us the Bond doesn't matter at resale ? I cannot understand the logic , five figures added to a six figure purchase would to me be a consideration, a deal breaker ? maybe maybe not.

It also comes down to if you want to risk not recovering the bond value when you sell the home.

[Laker]

The Villages has dropped more new home prices this week in the poorly selling Village of Lake Denham. Check out 7026 Baysinger Path.

A definite warning for Villages retirement considerations.

If you are cinsbuying, the writing isn’t just on a YouTube wall. The rubber has met the road.

...in this thread I am amazed that only a couple people know that the developer ALWAYS drops the price on the remaining 5-10 homes in a new village that are the "leftovers". I have seen probably a dozen new villages built and they ALWAYS drop the price on those last few homes.

Maybe most of the posters are "newbies".

[Randall55]

...in this thread I am amazed that only a couple people know that the developer ALWAYS drops the price on the remaining 5-10 homes in a new village that are the "leftovers". I have seen probably a dozen new villages built and they ALWAYS drop the price on those last few homes.

Maybe most of the posters are "newbies".There are still a few homes in Newell, many in Lake Denham, Dabney is sitting empty, the Enclave has 60% of lots available, and Moultrie Creek lots are sitting. This IS NOT leftovers in a new village. FIVE areas/villages of new construction are sitting stagnant.

[Topspinmo]

The Villages has dropped more new home prices this week in the poorly selling Village of Lake Denham. Check out 7026 Baysinger Path.

A definite warning for Villages retirement considerations.

If you are cinsbuying, the writing isn’t just on a YouTube wall. The rubber has met the road.

Maybe they was over priced to begin with?;)

[Topspinmo]

There are still a few homes in Newell, many in Lake Denham, Dabney is sitting empty, the Enclave has 60% of lots available, and Moultrie Creek lots are sitting. This IS NOT leftovers in a new village. FIVE areas/villages of new construction are sitting stagnant.

Over building? :eclipsee_gold_cup:

[margaretmattson]

...in this thread I am amazed that only a couple people know that the developer ALWAYS drops the price on the remaining 5-10 homes in a new village that are the "leftovers". I have seen probably a dozen new villages built and they ALWAYS drop the price on those last few homes.

Maybe most of the posters are "newbies".While looking at new homes, we received a list of 55 homes discounted in the range of $10,000-$50,000. The realtor told us he believes there will be more.

[Normal]

While looking at new homes, we received a list of 55 homes discounted in the range of $10,000-$50,000. The realtor told us he believes there will be more.

The latest FRED tells the whole story.
Market Hotness: Median Days on Market in The Villages, FL (CBSA) (MEDAONMAMSA45540) | FRED | St. Louis Fed (https://fred.stlouisfed.org/series/MEDAONMAMSA45540)

[JMintzer]

The latest FRED tells the whole story.
Market Hotness: Median Days on Market in The Villages, FL (CBSA) (MEDAONMAMSA45540) | FRED | St. Louis Fed (https://fred.stlouisfed.org/series/MEDAONMAMSA45540)

"Days on the Market" are trending down... Not very indicative of a "bust" market...

[Papa_lecki]

While looking at new homes, we received a list of 55 homes discounted in the range of $10,000-$50,000. The realtor told us he believes there will be more.

Be careful, they could be less desirable lots developer wants to just off their balance sheet.

Lots are discounted as a village closes out.

[asianthree]

There are still a few homes in Newell, many in Lake Denham, Dabney is sitting empty, the Enclave has 60% of lots available, and Moultrie Creek lots are sitting. This IS NOT leftovers in a new village. FIVE areas/villages of new construction are sitting stagnant.

Very correct, Enclave will be the first premier/non premier (designers allowed, no upgrades differences for premier cabinet, floors and so on) village. When we bought in Pennacamp everyone said “What were you thinking” that the end of the earth. Well that didn’t happen.

Hopefully someone will take note that if you are building a premier home, better quality products would be a bonus. Eventually Dabney, Lake Denham and Enclave will sell, it’s just going to take awhile, since there isn’t that looming question of “No More Building in TV” rumor

Just took a cart drive down to HS, it’s going to be amazing in a few years. Might be the next way to go, but would still like to see little more progress before considering

[jimbomaybe]

The latest FRED tells the whole story.
Market Hotness: Median Days on Market in The Villages, FL (CBSA) (MEDAONMAMSA45540) | FRED | St. Louis Fed (https://fred.stlouisfed.org/series/MEDAONMAMSA45540)
FRED is a great website, the 30 year mortgage rates are informative as well , I have been watching the domestic auto inventories , supply and demand tell you who, buyer/seller has the leverage

[jimbomaybe]

If it’s the house, and the village one wants to live in, sometimes a bond isn’t the deciding factor. We are on house#4, have never paid the bond off. So love the house first, then the area/ view, and bond doesn’t really come into play, about what will make us happy
Most certainly you are right, your last six words have meaning , it comes down to how one weighs what you would like/want as opposed to what you are willing to spend, but if the choice was between to equally attractive homes one with a bond one without ? , I know not very likely , the point where it makes a difference depends on the individual, one relationship with money

[Randall55]

Very correct, Enclave will be the first premier/non premier (designers allowed, no upgrades differences for premier cabinet, floors and so on) village. When we bought in Pennacamp everyone said “What were you thinking” that the end of the earth. Well that didn’t happen.

Hopefully someone will take note that if you are building a premier home, better quality products would be a bonus. Eventually Dabney, Lake Denham and Enclave will sell, it’s just going to take awhile, since there isn’t that looming question of “No More Building in TV” rumor

Just took a cart drive down to HS, it’s going to be amazing in a few years. Might be the next way to go, but would still like to see little more progress before consideringI am looking for a new home. Like you, I am going to continue to hold off. With a good amount of inventory sitting, there is no telling what the developer will do to get the homes sold. One thing for certain, he has to keep building, as planned, or he will lose his construction crews. If there is no work, they will find jobs elsewhere. Will this mean more stagnant inventory? Major price reductions? Or, will there be a turn around? It will be interesting to watch what happens in January, February, and March.

[DrMack]

I’ve been reading these posts, I ask myself “What Crash?” Today I looked at the villages website. There are still 3 ea new houses for sale in Newell. I thought that development was long since sold out? Lake Denham and Dabney don’t look like they are selling any houses. We are building, and I hope the developer will still build all of the lots. The vibe isn’t the same as it was a couple of months back.

[melpetezrinski]

The latest FRED tells the whole story.
Market Hotness: Median Days on Market in The Villages, FL (CBSA) (MEDAONMAMSA45540) | FRED | St. Louis Fed (https://fred.stlouisfed.org/series/MEDAONMAMSA45540)

"The latest FRED" DOES NOT "tell the whole story. It's not even close! I'll give you a hint.... check the source.

[Laker14]

"The latest FRED" DOES NOT "tell the whole story. It's not even close! I'll give you a hint.... check the source.

What is your analysis?
To me, what we are seeing is combination of "reversion to the norm", plus a bit of rebound from a bubble. Maybe that defines a "crash"?

TV is not totally insulated from national trends, since many buyers need to divest themselves of real estate outside of TV before they can buy inside TV. I played golf with one such individual the other day. He is already to move here, but needs to sell his northern home. It's a factor.

However, I think the effects here are moderated somewhat, because when values decline, most homeowners aren't compelled to sell due to being underwater, or having to relocate due to job conditions. Of course, some homeowners age out, or die, and those homes add to inventory, but it's nothing on the scale of what happens outside The Bubble, when a real crash occurs.

[margaretmattson]

I’ve been reading these posts, I ask myself “What Crash?” Today I looked at the villages website. There are still 3 ea new houses for sale in Newell. I thought that development was long since sold out? Lake Denham and Dabney don’t look like they are selling any houses. We are building, and I hope the developer will still build all of the lots. The vibe isn’t the same as it was a couple of months back.I am not certain the OP stating the housing is crashing is the correct wording. Slump, slow, or stagnant seems more appropriate. If this continues throughout the winter, the Developer will most likely reduce the building of spec homes. This way, he can keep home prices up. Less homes, more demand! This will place him back in the driver's seat. At this moment, the large inventory is placing buyers in control.

A crash could occur if preowned homes saw a significant price reduction, as well. Right now, this does not seem to be the case. Will it happen? I guess we have to watch and wait.

[melpetezrinski]

What is your analysis?
To me, what we are seeing is combination of "reversion to the norm", plus a bit of rebound from a bubble. Maybe that defines a "crash"?

TV is not totally insulated from national trends, since many buyers need to divest themselves of real estate outside of TV before they can buy inside TV. I played golf with one such individual the other day. He is already to move here, but needs to sell his northern home. It's a factor.

However, I think the effects here are moderated somewhat, because when values decline, most homeowners aren't compelled to sell due to being underwater, or having to relocate due to job conditions. Of course, some homeowners age out, or die, and those homes add to inventory, but it's nothing on the scale of what happens outside The Bubble, when a real crash occurs.

I wasn't analyzing anything, just trying to illustrate the poor conclusion as a result of insufficient data. Any graph that tries to paint the housing market picture in TV MUST include the majority of the data not just the MLS. However, since you asked, we are obviously in a softening market. It won't be a crash and prices won't decline by more than another 5-10% IMO.

[DeweyBeach]

Buyers have more time to kick tires these days however the longer they wait, the wave of retirees behind them begin to creep up on their heels.

Remember, The Villages is a landing pad with a wide funnel spilling retirees into it. I predict, as those tire kickers stack up, it's going to create another buying frenzy.

It isn't like when we were younger, when market conditions got bad, we'd put off moving for a few years. Retirees don't have "years" to postpone, we're literally on-the-clock.

[HandyGrandpap]

The latest FRED tells the whole story.
Market Hotness: Median Days on Market in The Villages, FL (CBSA) (MEDAONMAMSA45540) | FRED | St. Louis Fed (https://fred.stlouisfed.org/series/MEDAONMAMSA45540)

Interesting web site, FRED, thanks for sharing !!!

[Randall55]

Buyers have more time to kick tires these days however the longer they wait, the wave of retirees behind them begin to creep up on their heels.

Remember, The Villages is a landing pad with a wide funnel spilling retirees into it. I predict, as those tire kickers stack up, it's going to create another buying frenzy.

It isn't like when we were younger, when market conditions got bad, we'd put off moving for a few years. Retirees don't have "years" to postpone, we're literally on-the-clock.There are different types of buyers in TV. For those purchasing a home here for the first time, what you stated may be true. Investors, Villagers who want to relocate, and snowbirds can take their time. There is also a possibility the majority of new retirees have no interest living in the Villages. I know many who believe it is a ridiculous way to spend the last years of your life. They would rather travel and spend time with their loved ones.

The press we receive outside of the Villages is hysterical. Radio DJs can't help but poke fun at us. I was recently in Chicago. Every morning, one DJ would read our news. DUI's, fist fights, brawls, drugs, and other shenanigans. Even I couldn't resist laughing.This could be causing newbies to stay away.

[Michael 61]

There are different types of buyers in TV. For those purchasing a home here for the first time, what you stated may be true. Investors, Villagers who want to relocate, and snowbirds can take their time. There is also a possibility the majority of new retirees have no interest living in the Villages. I know many who believe it is a ridiculous way to spend the last years of your life. They would rather travel and spend time with their loved ones.

The press we receive outside of the Villages is hysterical. Radio DJs can't help but poke fun at us. I was recently in Chicago. Every morning, one DJ would read our news. DUI's, fist fights, brawls, drugs, and other shenanigans. Even I couldn't resist laughing.This could be causing newbies to stay away.

If you’re referring to that sensationalist Villages “news” site, the majority of crime articles they post occur outside of the confines of The Villages proper, such as Summerfield, Lady Lake, wildwood apartments, Oxford, and the truck stop area of 44 and I-75. They have an agenda to attempt to paint as “negative’ picture as possible of life in The Villages.

[Randall55]

If you’re referring to that sensationalist Villages “news” site, the majority of crime articles they post occur outside of the confines of The Villages proper, such as Summerfield, Lady Lake, wildwood apartments, Oxford, and the truck stop area of 44 and I-75. They have an agenda to attempt to paint as “negative’ picture as possible of life in The Villages.Nope! The Chicago DJ was getting his information from arrest reports. He would then turn them into a joke. While I was there, he read about a guy who purposely ran over a car show attendant. The reason? They wouldn't let him show his Jaguar. You must admit, we have some CRAZY things happening here. Pretty darn funny when you consider our age. The DJ would accept callers. They would tell of their experiences while visiting. I have to admit, it was comical. I have heard other DJs doing the same. One in Tampa has an entire segment. I laugh EVERY TIME.

[RPDaly]

///

[golfing eagles]

The Villages has dropped more new home prices this week in the poorly selling Village of Lake Denham. Check out 7026 Baysinger Path.

A definite warning for Villages retirement considerations.

If you are cinsbuying, the writing isn’t just on a YouTube wall. The rubber has met the road.

Everyone should realize that for the last 30 years the developer has dropped prices to sell out the remaining homes in a "unit", not a whole "village", but a specific unit. I have no idea if the example given falls into that category or not, but this is hardly a "crash". In either case, extrapolating one home's price drop into a community wide "crash" is disingenuous at best.

[Bogie Shooter]

Everyone should realize that for the last 30 years the developer has dropped prices to sell out the remaining homes in a "unit", not a whole "village", but a specific unit. I have no idea if the example given falls into that category or not, but this is hardly a "crash". In either case, extrapolating one home's price drop into a community wide "crash" is disingenuous at best.

You are being too kind.:smiley:

[mntlblok]

Stuff goes up, stuff goes down. As long as one doesn't have all of one's eggs in one basket, and one doesn't overextend themselves financially, these little blips in the housing market, or the stock market, should be inconsequential to the quality of life.

I'm getting older every day and I've seen this, and much worse, before.
Nothing to see here.

In general agreement with that, "but", no sign of the national debt getting under control - along with all those unfunded mandates. Mix that with all the obfuscatory craziness the Fed has pulled since the finance industry did their thing that led to 2008, the recent interest rates/inflation "interestingness", and this time "could" be different. Believe I've read that that high in 1929 didn't get breached until 1954, for example.

Also, anybody else on here follow Peter Zeihan's entertaining videos on YT? If only he could learn to pronounce "nuclear" and "molybdenum". :-) His take on coming geopolitical changes is "at least" something to seriously ponder. Would just make this a new thread if I could remember how to go about same. :-)

[golfing eagles]

You are being too kind.:smiley:

Well, this IS TOTV. Posting in plain language how I really feel about the few anti-Villages, anti-developer, anti-American posters has its consequences.: censored:

[CoachKandSportsguy]

This is true for some but not all. I know many who own a home here and one out of state. It is difficult to buy a second home when interest rates are high. Plus, one can earn substantial interest if they invest the money instead of paying cash for a home.

seldom is anything true for all with respect to human behavior (economics) . . The range of outcomes is way larger that any bell shaped distribution curve can ever imagine

[mntlblok]

seldom is anything true for all with respect to human behavior (economics) . . The range of outcomes is way larger that any bell shaped distribution curve can ever imagine

Reckon those curve tails ultimately reach that x axis? 😄

[MrChip72]

Everyone should realize that for the last 30 years the developer has dropped prices to sell out the remaining homes in a "unit", not a whole "village", but a specific unit. I have no idea if the example given falls into that category or not, but this is hardly a "crash". In either case, extrapolating one home's price drop into a community wide "crash" is disingenuous at best.

I observed the same thing in my village DeLuna almost exactly a year ago for the small homes that they built a stones throw (literally) from the turnpike. Some seemed to be at rock bottom prices but they were a very small batch of homes and they seemed to finally sell out quickly at those prices to finish off the final few dozen new homes that were previously unsold in this village.

[Robnlaura]

The Villages has dropped more new home prices this week in the poorly selling Village of Lake Denham. Check out 7026 Baysinger Path.

A definite warning for Villages retirement considerations.

If you are cinsbuying, the writing isn’t just on a YouTube wall. The rubber has met the road.
Completely overpriced anyway. They control the prices and the location is terrible anyway..

[Robnlaura]

There do seem to be a lot of home on the market all over the Villages.

Wait until the 2500 a month renters have to start selling.. it’s coming

[Robnlaura]

Great thoughts!

Don't delay. Get your Arizona house sold, move here, and enjoy the good life. The Villages is unbelievable. Anyone who is not happy here will not be happy anywhere. There is no trash, graffiti, homeless camps or run-down houses. The fresh plants at the roundabouts and the landscaping of the major streets are amazing. You don't have to drive past 7-11's, tire shops, "head"shops, or porno parlors to go to the grocery store.

Every time I see a line of golf carts at one of the squares, I get a smile on my face. Every time I pull into one of the extra-wide parking spaces or the extra-long parallel street spaces, I chuckle at the thoughtfulness of the developer. I marvel at the foresight of the Morris family in recognizing the benefit of having continuity in the design of the infrastructure, the roundabouts, the street lighting, the community centers etc.

There are more organized clubs than you can count. You may not join a single one. However, if you want to associate with others who own a Chrysler convertible, they're here and they will welcome you. After you settle in, you'll find that your life style hasn't changed that much. If you do anything different, it will be something that you were interested in before you moved here. If you didn't make quilts when you lived in Peoria, I doubt you'll join the quilting club. If you were a golfer before, you'll play more golf here. If you weren't a golfer, you'll still wonder why so many fools spend most of their time doing so. The only new activity you may take up will be pickleball, which EVERYBODY seems to be playing (if you do, be sure to acquaint yourself with the doctors at the Orthopedic Institute on Hwy 441).

Give a lot of thought to where you buy a house. In the new areas in the south, you get a new house, new appliances, new landscaping, new community centers etc. Those are important. The downside is that you will not have an established numbers of services. At Spanish Springs and Lake Sumter, you will have doctors, dentists, barbers, drug stores, restaurants, supermarkets, etc all accessible by golf cart (at Lake Sumter, I drove my cart to my cataract surgery. My wife drove it to the imaging center for an MRI).

The downside in the older areas--we spent 50% of the price of our house on a complete remodel and spent, in total, more than the price for which we could have bought a new house in the south. Contractors for remodeling are very expensive and hard to get. The upside is that we got everything we wanted (and I'm three minutes by cart to a championship golf course).

The best advice when house-hunting is look at an overhead view (Zillow) before taking the time to drive to any house you are considering. If you see a street with a double-yellow line, look elsewhere, if you enjoy peace and quiet. If you are going to spend the money to live on a golf course, be certain that it is not in the line of fire of a stray shot, unless you like meeting new people walking in your yard and on your landscaping.


You'll love The Villages.

Looking at that Arizona border I would sell as quickly as possible and run to Florida..

[vintageogauge]

I observed the same thing in my village DeLuna almost exactly a year ago for the small homes that they built a stones throw (literally) from the turnpike. Some seemed to be at rock bottom prices but they were a very small batch of homes and they seemed to finally sell out quickly at those prices to finish off the final few dozen new homes that were previously unsold in this village.

They did the same thing in Chitty Chatty to sell the remainder of homes that were not in desirable locations within the village.

[golfing eagles]

Wait until the 2500 a month renters have to start selling.. it’s coming

How do renters sell?????

[Bogie Shooter]

Completely overpriced anyway. They control the prices and the location is terrible anyway..

One bashers opinion……disregard!

[BrianL99]

The National Association of Realtors Chief Economist:

Rick Freeman on LinkedIn: Some interesting information from the National Association of Realtors… (https://www.linkedin.com/posts/rickfreemanrealestate_after-the-huge-boom-in-2020-and-2021-home-activity-7138903713074556928-x7z_/)

[golfing eagles]

The National Association of Realtors Chief Economist:

Rick Freeman on LinkedIn: Some interesting information from the National Association of Realtors… (https://www.linkedin.com/posts/rickfreemanrealestate_after-the-huge-boom-in-2020-and-2021-home-activity-7138903713074556928-x7z_/)

Thanks for some facts. Don't we all just hate a "housing crash" that results in a 60% increase in home values??? :1rotfl::1rotfl::1rotfl:

[Randall55]

While looking at new homes, we received a list of 55 homes discounted in the range of $10,000-$50,000. The realtor told us he believes there will be more.I went to Denham/Dabney yesterday. I received a list of 73 discounted homes and was told there may be more. Going from house to house, I noticed the newer built homes (Dabney) had a reduced price than in previous villages. There is plenty of inventory sitting. It seems the market is adjusting downward.

[golfing eagles]

I went to Denham/Dabney yesterday. I received a list of 73 discounted homes and was told there may be more. Going from house to house, I noticed the newer built homes (Dabney) had a reduced price than in previous villages. There is plenty of inventory sitting. It seems the market is adjusting downward.

I guess you didn't see post #168

[Randall55]

I guess you didn't see post #168I read it. Some posters believe it is not happening here. I thought it was best to investigate on my own.

[Bill14564]

I guess you didn't see post #168

Or the sellers who reduced the sales price didn't.

Or the prices were set unrealistically high and the reductions bring them closer to the national average.

Or, the national data is an average and the data for individual areas will vary both above and below that average.

Too many variables, possibly including overly optimistic statistics.

[Normal]

There are still a few homes in Newell, many in Lake Denham, Dabney is sitting empty, the Enclave has 60% of lots available, and Moultrie Creek lots are sitting. This IS NOT leftovers in a new village. FIVE areas/villages of new construction are sitting stagnant.

Yes, all you state on this subject is true. Some believe the verb/adverb “Crash” happens all in one day. But then, not everyone understands economics. It will take time to be able define from initial drops to the eventual lowest drops next summer. We even hold off on terms like “recession “ till after two quarterly reports. Everyone though understand the market is dropping and none believe we are close to a bottom.

[Randall55]

Or the sellers who reduced the sales price didn't.

Or the prices were set unrealistically high and the reductions bring them closer to the national average.

Or, the national data is an average and the data for individual areas will vary both above and below that average.

Too many variables, possibly including overly optimistic statistics.My wife and I sold our large home in Hawkins and we are now renting a CYV. We are looking to buy in the next few months. Yes, a national average does not reflect what is happening in every city or town. This is why I chose to investigate on my own. The prices of new homes are coming down in the Villages. Is it the location? Who knows? Moultrie Creek lots (Eastport area) are sitting, as well. We looked at some preowned homes and those prices seem to be holding or are going up.

[Dond1959]

The Villages has always been able to build where they wanted and people still bought. That may be changing with Dabney and Moultrie Creek. To my simple mind it would of made more sense to build just south of Monarch Grove first, those would have sold quickly and then move south. Instead they went way south with Dabney and Moultrie Creek without Eastport being open. They do have the last section of Richmond to complete that will move fast.

[BrianL99]

Thanks for some facts. Don't we all just hate a "housing crash" that results in a 60% increase in home values??? :1rotfl::1rotfl::1rotfl:

Like lipping out an Eagle Putt and having to settle for Birdie.

[Altavia]

Homes are still being sold. The cluster of green dots on the map is moving south.

Was in Everglades this morning and the new residents board in the sales center was almost full.

Was similar the first week of November.

[Altavia]

The Villages has always been able to build where they wanted and people still bought. That may be changing with Dabney and Moultrie Creek. To my simple mind it would of made more sense to build just south of Monarch Grove first, those would have sold quickly and then move south. Instead they went way south with Dabney and Moultrie Creek without Eastport being open. They do have the last section of Richmond to complete that will move fast.

Starting construction at the southern area and and moving north is more or less what they did with Richmond.

The area between Monarch Grove and Eastport will be in high demand with Eastport and all the new golf courses.

[BrianL99]

Starting construction at the southern area and and moving north is more or less what they did with Richmond.

The area between Monarch Grove and Eastport will be in high demand with Eastport and all the new golf courses.

A couple of more golf courses like Southern Oaks and folks will forget TV was designed as a "golf community".

The farther south you get from Lopez or Glenview, the worse the courses are. I suspect the next round of "championship" courses will be virtual.

[Bogie Shooter]

A couple of more golf courses like Southern Oaks and folks will forget TV was designed as a "golf community".

The farther south you get from Lopez or Glenview, the worse the courses are. I suspect the next round of "championship" courses will be virtual.

Ole Mr. Positive chimes in again.