Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#76
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The most fascinating thing about these real estate posts is that most people who are retired, live and stay in the same home they purchased are just fine, happy and could care less to all the noise. If you are a flipper, reseller, investor or agent you fight kick and scream to convince buyers or renters that the market is just fine. On with the show...
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Saving for my place in the sun. |
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#77
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Last edited by Randall55; 03-28-2024 at 10:30 AM. |
#78
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#79
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#80
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Again, I believe the opposite. Investing is a business. Most know when to pull out with profit in their pocket. Agents anticipate highs and lows. It is the homeowners who are having a difficult time accepting a change in the market. Investors will simply invest in something else.
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#81
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Real estate appreciation in The villages has had a good run. There are still many resales over priced. Instead of 50 up to 100% profit reality change to 25-35% of original purchase price over a two to four year timeframe.
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Most people are as happy as they make up their mind to be. Abraham Lincoln |
#82
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Absolutely correct, six percent a year is a good return if updated and maintained over time. The last four years have made owners think their homes are worth what many overpaid just a couple years ago. The smart investors have left so now homes will be restored to the norm or will become short term rentals.
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Saving for my place in the sun. |
#83
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Last edited by Randall55; 03-28-2024 at 06:29 PM. |
#84
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#85
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I did not start with the intention to flip homes. I am a contractor. My wife and I bought a home in TV, 18 years ago. We believed this would be our forever home. I did all the labor of finishing our home to our liking. My wife is in real estate. She came home one day excited. "You are never going to believe what so and so got for his home!" Next day, our home was listed for sale. Made a sizable profit, then bought what we were certain was our forever home, and fixed it to our liking. Wife comes home excited. Again! Sell, move, sell, move. We have been doing this for many years. This is the first time both of us are seeing many red flags in real estate so we are renting. Playing the better-to-be-safe than sorry route. There are many types of investors in TV. We fell into it. This has happened with many residents. It is too hard to turn down a sizeable offer for your home. Take the money and run! Unfortunately, we think the well has dried up. {But, keeping our fingers crossed we are wrong. We enjoy decorating and fixing up houses) Last edited by Randall55; 03-29-2024 at 12:54 AM. |
#86
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#87
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#88
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Asking for my kids, who are home shopping...
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Most things I worry about Never happen anyway... -Tom Petty |
#90
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I agree. I actually think we'll see them below 5 again. But nobody really knows.
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"Attack life. It's going to kill you anyway." Steve McQueen |
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