Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
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Increase in home value beats inflation
The ave sale price in 2001 of $156k would be equivalent to about $272k today. I was just curious, so I looked it up. Probaly doesn't help much, but it's a little interesting.
$156,000 in 2001 → 2024 | Inflation Calculator |
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#17
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We bought in Citrus Grove about a year ago. Now concerned about all the lower priced homes being built just south of us now at a much lower price point. Of course they are much closer together, don’t have screens, fans etc but what do people look for, a lower price or how a house is appointed? Now TV is doing a price drop on them. Am I concerned about our house value, absolutely If something were to happen and we needed to sell I’m thinking we’re going to lose $100K
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#19
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Maybe it was a slight dip in pricing in TV.
Nothing like the rest of the nation. More than "price cuts", it was a reversal of extreme price increases of prior years. The prior three/four years, TV house prices were increasing at a crazy rate. The reversal just returned pricing to pre-crazy. Smells like what is going on today.
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#20
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2008 housing
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I bought over two years ago. My house can sell more than $150k over what I paid if I decided to sell today. In 2008 the villages offered “furniture packages” for the new home sales. Look at the statistics of home sales over the years. This place sells itself. Who does not want a piece of heaven? With that said, I would take a close look at the location and model before buying. What’s the worse case, you get a great home you enjoy living in. |
#21
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#22
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Markets go up and down
Markets go up and down. You will for sure see further dips everywhere, houses were overpriced and interest rates were crazy low.
Post pandemic brought demand from short supply Demand rose prices Glut from effort to generate inventory with high interest are just starting to bring prices back down IMHO prices should end declines by late summer, maybe early fall. Locally a red flag that is on most radar screens is the lack of sales during peak season. If March continues the same pattern, the market may be a little uglier than originally thought. The Developer has placed a lot of effort into branding Eastport? We shall see? No matter what effort is placed into branding and marketing, the organic part of the economy is still key.
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Everywhere “Everyone may not be good, but there's always something good in everyone. Never judge anyone shortly because every saint has a past and every sinner has a future.” - Oscar Wilde Last edited by Normal; 02-27-2024 at 07:28 AM. |
#23
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#25
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For the present, I believe home prices will be strongly affected by interest rates for home loans. No one knows what interest rates will be in the future. But the days of cheap money (the Fed’s near zero interest rate policy) are likely gone, which means, if I am right, home price appreciation overall will be lower compared to the recent past. For home prices in The Villages, I don’t know. They could be stronger compared to national averages because the local dynamics differ. Regardless, I personally do not believe that home prices in The Villages will collapse but the days of annual 10%+ home price appreciation overall are likely over for now. YMMV. |
#26
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A house is an asset not an investment. You make no money on a house unless you sell it, but the house will cost you thousands a years in taxes, maintenance, fees, and insurance. Investments make me money every day.
I’ll never be a landlord ever again, I make much more money in the stock market, sleep easy at night, and when I want out, it costs me $5 and takes 10 seconds. When 2008 hit, I had friends that had rental property that dropped 50% in value and they couldn’t sell the property, and if they could sell, it cost them 5-6% on top of that. But, I think the villages is the best place to buy a home and make money in the long run over most other cities I’ve lived in or know. The villages is a bubble where you aren’t going to get the riots/major crime that other places have which is a plus and millions of people are moving here in Florida, so there is demand here |
#27
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Bill NJ Shore |
#28
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What happened to “buy low, sell high? |
#29
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No where near bottom
True, but the prices are nowhere near their lows. I would stay off the game board until prices ARE low. The real estate beast moves slow. If you can afford to, sit and wait?
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Everywhere “Everyone may not be good, but there's always something good in everyone. Never judge anyone shortly because every saint has a past and every sinner has a future.” - Oscar Wilde |
#30
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