Why ???

[TommyT]

I've turned into a YouTube junky. This week I've seen two realtors talk about the explosion of resale homes in the Villages. Each realtor stated they have never seen so many homes on the market.

So my question is is it the taxes both city and county or combined? Is it the amount for bonds? Is it the amenity fees going up? Is it the maintenance fees going up? I've read where people are saying the Villages "IS NOT" the Friendly villages it was at one time....

I dunno. Educate me please... :popcorn: :duck:

[Papa_lecki]

It’s profit taking and the explosion of new builds in the last 12 to 18 months.
New buyer must wait 12 months before they can sell, to keep 100% of the profit. We are hitting that time for all the new builds around Richmmond.

[fdpaq0580]

Here 11 years. Other than being bigger and growing, DW and I are still happy here. And, DW is very friendly and I am only mildly insufferable.
Village frogs.

[Stu from NYC]

Great place to live

With interest rates having gone up value of houses has gone down.

People not accepting it so price above market so on the market longer.

[Normal]

I've turned into a YouTube junky. This week I've seen two realtors talk about the explosion of resale homes in the Villages. Each realtor stated they have never seen so many homes on the market.

So my question is is it the taxes both city and county or combined? Is it the amount for bonds? Is it the amenity fees going up? Is it the maintenance fees going up? I've read where people are saying the Villages "IS NOT" the Friendly villages it was at one time....

I dunno. Educate me please... :popcorn: :duck:

It’s a fairly saturated market. The slowing desire for transplants to chose Florida has become more pronounced. You could point to the colossal collapse of the condo market, or insurance rates, or even increased costs in general to live here, but it’s so much more. It’s the record summer heat and the lost vibe of small town Florida. Borrowing rates aren’t great and many have felt inflation which removes the free cash feel to spend as you want in retirement.

All this together is helping create a stale desire and market.

[CarlR33]

This obsession with “hows the market” in TV.

[kansasr]

The Villages is not immune to a market slowdown when interest rates have been hovering around 7 %

[thelegges]

This has been a long going conversation. Some forget many move more than once within TV. Not everyone feels ties to any home once you become a resident. Some sell investment at 366 days, downsize, upsize, bigger garage, View, pool, want to live in a younger age neighborhood, or just like a newer house.

[MorTech]

With modern inflationary fiat monetary systems, there is always a cycle in desirable real estate. The Villages (and Miami) are very desirable. Sales will pick up in January.

...And, yes...There are some vapid/parasitic/deranged juveniles from the disgusting cities of the Deep North but they are not the majority.

[OrangeBlossomBaby]

And let's not forget that the mid-year Baby Boomers are turning 80. There are more PEOPLE at age 80, going into assisted living facilities, nursing homes, memory care, etc, than there were 20 years ago. More people moving out of their houses into facilities means more houses available for resale.

[Normal]

And let's not forget that the mid-year Baby Boomers are turning 80. There are more PEOPLE at age 80, going into assisted living facilities, nursing homes, memory care, etc, than there were 20 years ago. More people moving out of their houses into facilities means more houses available for resale.

So true. We also have a general ending of the pension paid retiree and are now phasing into a group with less savings for retirement sustainability. There are investors and those with 501s, but they are few in comparison to the older pension recipients there used to be.

[MrChip72]

It’s profit taking and the explosion of new builds in the last 12 to 18 months.
New buyer must wait 12 months before they can sell, to keep 100% of the profit. We are hitting that time for all the new builds around Richmmond.

I don't believe any homes have been completed in Richmond less than 18-20 months ago. Richmond and surrounding Villages like St John's and Deluna were all completed over 18 months ago.

I also live in that area and have definitely not observed people selling to cash out. The only people that I've seen selling were due to wanting to upsize or an unexpected death.

[Laker14]

One thing that seems certain in a community designed and marketed to "seniors", is turnover. People die, or age out of what was an appropriate lifestyle. That's inevitable. What is not inevitable is a steady stream of new buyers to take their place. People don't have much of an option on the one end. On the other end, if circumstances dictate, people can choose NOT to relocate. It might be a temporary decision, like waiting for their current home to sell, or working another year, or it might be a long-term decision, like choosing a different location.
IMO, even a temporary slowing down of demand will have an exaggerated effect on supply in a 55+ community, because of the constant and inevitable addition on the supply side. Demand may fluctuate, but the supply will remain steady.

[egmcaninch]

It’s profit taking and the explosion of new builds in the last 12 to 18 months.
New buyer must wait 12 months before they can sell, to keep 100% of the profit. We are hitting that time for all the new builds around Richmond.

My personal opinion: 1) High & increasing amenity fees with irrigation, garbage, etc. 2) High property taxes; 3) An insane insurance market; 4) For many years, people move because of health reasons - to be closer to family. These are the things that would motivate us to leave.

[Cuervo]

This like almost anything it's based on supply and demand.
I've lived here 12 years, and my house has doubled in value.
Now there are many people from up north who have reached their retirement age, sell their oversize house and are looking for something more manageable that comes with a lifestyle they desire and are flushed with cash.
When it comes to the sellers there are of course the investors who believe this is a good time to sell and there are others who have reach the age where maybe because of health issues have to move on.
Even though the residence will tell you the growth of The Villages is out of control, the outside demand is still there and as long as that exists the prices will increase and buying and selling will continue.

[NoMo50]

It’s profit taking and the explosion of new builds in the last 12 to 18 months.
New buyer must wait 12 months before they can sell, to keep 100% of the profit. We are hitting that time for all the new builds around Richmmond.

In addition to having to wait 12 months in order to keep any profits, one must wait 24 months in order to avoid paying federal taxes on the capital gains.

[Ignatz]

My personal opinion: 1) High & increasing amenity fees with irrigation, garbage, etc. 2) High property taxes; 3) An insane insurance market; 4) For many years, people move because of health reasons - to be closer to family. These are the things that would motivate us to leave.

While I don’t really care what a couple of chuckleheaded you-tubers have to say, I do agree with points #2 & #3 that this poster made.

Taxes and insurance in TV may be less than many paid where they came from, a lot of us from the mid-south paid far less and the current rates here outdistance the expectations we forecasted.

So the only impact of home prices for us is how much the kids can sell our place for in the estate.

[spinner1001]

I've turned into a YouTube junky. This week I've seen two realtors talk about the explosion of resale homes in the Villages. Each realtor stated they have never seen so many homes on the market.

So my question is is it the taxes both city and county or combined? Is it the amount for bonds? Is it the amenity fees going up? Is it the maintenance fees going up? I've read where people are saying the Villages "IS NOT" the Friendly villages it was at one time....

I dunno. Educate me please... :popcorn: :duck:

You are assuming what the two realtors said on YouTube is true. Hint: those realtors are selling something.

[Shelbyh]

I've turned into a YouTube junky. This week I've seen two realtors talk about the explosion of resale homes in the Villages. Each realtor stated they have never seen so many homes on the market.

So my question is is it the taxes both city and county or combined? Is it the amount for bonds? Is it the amenity fees going up? Is it the maintenance fees going up? I've read where people are saying the Villages "IS NOT" the Friendly villages it was at one time....

I dunno. Educate me please... :popcorn: :duck:

Yes it may be true more homes are on the market. I think it has something to do with all the new construction. All this year the villages has sold 1k homes a month not including the MLS.
Realtors on YT make a big deal or have shocking headlines to get clicks and likes. was watching one of them prior to us buying here this channel was informative now it just says outrageous things for clicks and likes.

[RoseyRed]

:$::$::$::$: high dollar something too!

[Rocksnap]

If no one has noticed the housing market for the last 5 years, prices went up up up, across the nation. Obviously that’s not sustainable.
What goes up, must come down. Did we hit the top of the bubble, and now the crash?

[Markus]

The more houses that are built the more will be for sale. The question really becomes what percentage of all homes that exist vs number of homes for sale. That is what needs to be tracked. There are many reasons why a home is for sale. What makes it difficult is getting MLS and VLS numbers.

[G.R.I.T.S.]

I've turned into a YouTube junky. This week I've seen two realtors talk about the explosion of resale homes in the Villages. Each realtor stated they have never seen so many homes on the market.

So my question is is it the taxes both city and county or combined? Is it the amount for bonds? Is it the amenity fees going up? Is it the maintenance fees going up? I've read where people are saying the Villages "IS NOT" the Friendly villages it was at one time....

I dunno. Educate me please... :popcorn: :duck:

People die. Kids either don't want the house or already live here and don't want the house. People move to newer homes, don't want the house. Houses in my village seem to move rather quickly, so I don't really see a "problem" with the Villages. Been here 20 years. :gc:

[jimjamuser]

I've turned into a YouTube junky. This week I've seen two realtors talk about the explosion of resale homes in the Villages. Each realtor stated they have never seen so many homes on the market.

So my question is is it the taxes both city and county or combined? Is it the amount for bonds? Is it the amenity fees going up? Is it the maintenance fees going up? I've read where people are saying the Villages "IS NOT" the Friendly villages it was at one time....

I dunno. Educate me please... :popcorn: :duck:
One person responded that the SUMMER HEAT is partly to blame. People that are smart are relocating farther north than Florida due to Global Warming causing each succeeding year to be hotter. 2024 worldwide is the HOTTEST on record and it will get worse. A person needs to know about that BEFORE they buy ANYWHERE in Florida.

[graciegirl]

I've turned into a YouTube junky. This week I've seen two realtors talk about the explosion of resale homes in the Villages. Each realtor stated they have never seen so many homes on the market.

So my question is is it the taxes both city and county or combined? Is it the amount for bonds? Is it the amenity fees going up? Is it the maintenance fees going up? I've read where people are saying the Villages "IS NOT" the Friendly villages it was at one time....

I dunno. Educate me please... :popcorn: :duck:

I guess you could call me a "You Tube Junky" too. BUT..........you must carefully analyze what you read and the motive of the poster. Most local realtors are somewhat chagrined about not being "allowed" to sell new builds, so right away I am always somewhat skeptical about any negative posts I see from a realtor about Villages homes for sale. We have had three homes for sale in our small village in the last three months and two sold in under three weeks and one was removed from the market.

[ElDiabloJoe]

One person responded that the SUMMER HEAT is partly to blame. People that are smart are relocating farther north than Florida due to Global Warming causing each succeeding year to be hotter. 2024 worldwide is the HOTTEST on record and it will get worse. A person needs to know about that BEFORE they buy ANYWHERE in Florida.

I glanced this over before I saw who authored it, but I knew immediately who authored it.

Climate change is not a myth, however, it is also a naturally occurring phenomena that has been occurring since the earth formed.

What you should focus on is population control. Too many people equals the using up of too many resources. At some point, the population burning through natural resources will out pace the earth's ability to replenish said resources. Then we will have an issue worthy of the fervent attention some give to global warming.

[GoRedSox!]

Things are normalizing now that we have emerged from the pandemic. The supply and demand equation was way out of wack during the pandemic.

A few other things....pandemic work-at-home ability allowed a number of people to relocate to FL before retirement. Many of those companies are no longer allowing unlimited work-at-home arrangements. Amazon just announced all their employees have to be back in the office 5 days a week by January 1.

I think that worries about increases in cost or availability of homeowner's insurance is on buyer's minds.

That being said, just because the market has a much bigger inventory does not mean that it is in trouble or in serious decline. I think it is returning to more normalized levels. There are still a lot of homes being sold here, both new and pre-owned. The Villages doesn't appear to be slowing down on their new home builds. I think that it's just not a huge seller's market anymore, buyers are back on level ground.

[RoadToad]

I

What goes up, must come down.



Actually that's a rule of Gravity, not Economics.. :)

[PersonOfInterest]

I've turned into a YouTube junky. This week I've seen two realtors talk about the explosion of resale homes in the Villages. Each realtor stated they have never seen so many homes on the market.

So my question is is it the taxes both city and county or combined? Is it the amount for bonds? Is it the amenity fees going up? Is it the maintenance fees going up? I've read where people are saying the Villages "IS NOT" the Friendly villages it was at one time....

I dunno. Educate me please... :popcorn: :duck:

In time this will change. The Real Estate market fluctuates due to many environmental and economic factors.