[Aces4]

Originally Posted by asianthree

You missed the point of the post. Comparing prices, and area may or may not be your determining factor. One should look for a home and area that will work for them. When someone says don’t buy in that village is their opinion, and may be the right choice for you.

Post was about we purchased in two areas that everyone said was worst financial decision, because of the area and never recoup original investment. Just pointing out not only did homes sell quickly but substantial profits involved.

Had nothing to do with unlimited funds, but smart financial decisions

Your homes sold quickly because of a hot market fueled by free mortgage money. As it goes, we noted our homes sold in TV did so quickly for the same reasons your’s did, including many upgrades that were made.

Times are different and if purchasing now, we would definitely temper our choices based on area stability and cost. That’s how we made money in the past and came out ahead of the game. If money is no issue, buy whatever, wherever and don’t look back.

[Aces4]

Originally Posted by Randall55

Yes. I am a contractor/flipper. We sold and left the southern section because it did not fit our needs. At this time, we are currently renting a home in the Northern section of the Villages. We are looking to buy a preowned home that I will remodel to suit us. This will be our forever home. We experimented and enjoyed our adventures but it is time to settle down.

This is the first time in 18 yrs of living here that we are skeptical about the Villages' real estate. Both of us see many red flags that were not present in years past. We are trying our best to avoid pitfalls. As several posters stated, everyone should look at their own situation and do what is best for them.

Anyone who has lived in The Villages a length of time can see the differences. Your post makes sense.

[MX rider]

Originally Posted by Aces4

Your homes sold quickly because of a hot market fueled by free mortgage money. As it goes, we noted our homes sold in TV did so quickly for the same reasons your’s did, including many upgrades that were made.

Times are different and if purchasing now, we would definitely temper our choices based on area stability and cost. That’s how we made money in the past and came out ahead of the game. If money is no issue, buy whatever, wherever and don’t look back.

Good points. People buying here have different motivations. For us, we decided TV was the lifestyle we were looking for, so we bought a home we liked that checked the most boxes.

Whether we could make money on it if we sold it was not a consideration at all, but for some it is.
My thoughts are, buy when you're ready and start enjoying this wonderful place. Lifes short.

[Altavia]

Originally Posted by Normal

What poster ever said the Developer will never survive?

First, this OP is posting about a surplus of inventory, which there is
Second, the Developer makes the most revenue with Citizens First and sales transactions (loss or gain).
Third, you suggest any of the land was bought at a certain interest rate?

Clueless comes to mind

Fourth - According to the boards with names of buyers in the Sales Centers, More than 50 new homes are still being sold a week...

[skarra]

Originally Posted by Rainger99

I expect that millions of people living up north are going to consider moving to Florida after this weekend! YIKES!

http://hp2.wright-weather.com/icons/us_chill.gif

To the contrary - I've given up on moving to Florida as the warmer weather (and rain storms) are moving up north. This summer/fall we had an unbelievable number of storms that reminded me of Florida.

Staying put now. No need to move down south as the weather is coming to me courtesy of climate change.

[Randall55]

Originally Posted by skarra

To the contrary - I've given up on moving to Florida as the warmer weather (and rain storms) are moving up north. This summer/fall we had an unbelievable number of storms that reminded me of Florida.

Staying put now. No need to move down south as the weather is coming to me courtesy of climate change.

It all depends on where you live in the USA. Global warming brings drought to some areas and lots of precipitation to others. Extreme heat and humidity during the summer months for some. Massive snowfall in the winter for others. Throughout comes landslides, earthquakes, hurricanes, tornados, sinkholes, floods, and disease. If you have found a spot void of all of this, I would stay put too.

[Randall55]

Originally Posted by Papa_lecki

Another post that the Developer is not going to survive.
First, the developer bought most of the land when rates were at 2 or 3%.
Second, construction efficiently have led to lower construction costs (i.e. the pre fab concrete walls).
Third, if the developer didn’t model a threshold for an increase in interest rates, I would be shocked.
The developer controls the inventory of new homes, if they want more inventory, they put more on market.
Much of the pre owned inventory are flippers, who are out of the 1 year window, and waited til interest rates dropped a bit.

Where did I say the Developer is not going to survive? I said, he has quite a bit of inventory and will have to make choices. None of the choices will affect his wallet sufficiently. The choices he makes will most likely affect buyers'wallets.

Will he continue to drop prices on homes? Great! Buyers save money!

Will he sell off some of his land? Or, build on it differently? Great! Pre-owned home prices will go up! And/or, buyers will have new and different types of homes to choose from.

Will he slow the pace of construction? Not so great.This may force workers to leave the area. And, finding companies interested in commercial use will be difficult.

I named the three things the developer could do with his inventory. Slash prices, rethink his future plans, or slow the pace of construction. The only other option is to raise prices.(He made that decision. It didn't go well. I cannot see him choosing this avenue, again. Or, not soon ) I believe it is best to wait and observe what route he chooses. Again, everyone has different situations. Do what you believe is best for you. Me? I do not have a problem with waiting a few months.

[Papa_lecki]

Oh good, this turned into a climate change thread

You know why there is a record number of listings, not enough electric car charging stations.

[LoriAnn]

None of this is new. I've purchased a home when The Villages was in a downturn and sold in an up-market twice. There was a time that nearly all new builds were discounted. One thing is for sure, the developer never suffered even in a down market. They watch for the smallest sign of sales decreasing and they take action to boost sales. They have discounted prices, added incentives and focused on building less expensive homes to meet the market in the past. They used to include all appliances including washer and dryer and had furniture packages. They took things away one at a time to lower prices to meet the market demand. The last 2 market downturns developed the same way. New homes sales decreased, and The Villages started lowering prices to keep their quota up. Eventually, you could buy a new home for the same price or just a little more than a new home. Resales started to suffer because people bought new homes instead and the market became flooded with resales. Then the prices of resales stated to plummet. It started with people who had to sell and investors who couldn't cover their expenses. The entire resale market was eventually affected. I've seen it happen two times and it will happen again. It recovered both times and it will cycle again. I'm always amused when people think The Villages is immune to market downturns. It's clear they haven't been around very long.

[Aces4]

Originally Posted by LoriAnn

None of this is new. I've purchased a home when The Villages was in a downturn and sold in an up-market twice. There was a time that nearly all new builds were discounted. One thing is for sure, the developer never suffered even in a down market. They watch for the smallest sign of sales decreasing and they take action to boost sales. They have discounted prices, added incentives and focused on building less expensive homes to meet the market in the past. They used to include all appliances including washer and dryer and had furniture packages. They took things away one at a time to lower prices to meet the market demand. The last 2 market downturns developed the same way. New homes sales decreased, and The Villages started lowering prices to keep their quota up. Eventually, you could buy a new home for the same price or just a little more than a new home. Resales started to suffer because people bought new homes instead and the market became flooded with resales. Then the prices of resales stated to plummet. It started with people who had to sell and investors who couldn't cover their expenses. The entire resale market was eventually affected. I've seen it happen two times and it will happen again. It recovered both times and it will cycle again. I'm always amused when people think The Villages is immune to market downturns. It's clear they haven't been around very long.

I think this concern is about personal investments and different scenarios were presented about the developers moves. I don't think anyone gives a rat's butt if the developers are successful, they have enough to float any boat. It's personal income and investments on which some people are basing their choices and concerns.

[LoriAnn]

Originally Posted by Aces4

I think this concern is about personal investments and different scenarios were presented about the developers moves. I don't think anyone gives a rat's butt if the developers are successful, they have enough to float any boat. It's personal income and investments on which some people are basing their choices and concerns.

I thought the point was clear. Resales are always on the losing end. The developer will maintain their new home sales no matter what it takes. Buying a home in The Villages for personal use and lifestyle enjoyment is smart. Renting your home to off-set your costs until you retire is safe enough. Buying strictly for investment and income is a future hard lesson. Hang on and watch.

[bopat]

Population of The Villages is over 150,000 now.

[Aces4]

Originally Posted by LoriAnn

I thought the point was clear. Resales are always on the losing end. The developer will maintain their new home sales no matter what it takes. Buying a home in The Villages for personal use and lifestyle enjoyment is smart. Renting your home to off-set your costs until you retire is safe enough. Buying strictly for investment and income is a future hard lesson. Hang on and watch.

I've been hanging on for 17+ years and you missed the point again. If people are working with a limited income and looking to buy in TV, choose carefully and plan cautiously. Expenses are rising quickly and there are many costs new home owners in TV are unaware of when buying here. Stating that resales are always on the losing end is a joke, we couldn't have been the only couple who made money on resales.

[Normal]

A home is a large purchase and many have gotten hit or bit with problems in the past. Always be cautious with the large purchase and be aware of other bills that come from maintaining it once you buy.

No one can blame any for holding off in the current housing environment that is currently downturned and shows no sign of going up anytime soon.

[HandyGrandpap]

sold for $374K in 2022, now asking $312K, subtract fees = haircut

2388 Hill St,
THE VILLAGES, FL 32163

Jan 16, 2024

Date

Price Changed
Stellar MLS as Distributed by MLS Grid #U8221470

$312,500
Price

Dec 15, 2023

Date

Price Changed
Stellar MLS as Distributed by MLS Grid #U8221470

$320,000
Price

Dec 9, 2023

Date

Price Changed
Stellar MLS as Distributed by MLS Grid #U8221470

$327,500
Price

Nov 16, 2023

Date

Listed (Active)
Stellar MLS as Distributed by MLS Grid #U8221470

$335,000
Price

Jul 2022, Sold for $374,000
Jul 15, 2022

Date

Sold (Public Records)
Public Records

$374,000
Price


2388 Hill St, THE VILLAGES, FL 32163 | MLS# U8221470 | Redfin