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Housing Crash Hitting Villages

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  #31  
Old 10-27-2023, 05:47 PM
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Originally Posted by Michael 61 View Post
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.
  #32  
Old 10-27-2023, 05:51 PM
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I feel the Kool Aid flowing from the new Villagers pores!
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  #33  
Old 10-27-2023, 06:20 PM
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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.
  #34  
Old 10-27-2023, 10:34 PM
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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.
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  #35  
Old 10-28-2023, 04:11 AM
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Originally Posted by shaw8700@outlook.com View Post
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?
  #36  
Old 10-28-2023, 04:34 AM
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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.
  #37  
Old 10-28-2023, 05:00 AM
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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.
  #38  
Old 10-28-2023, 05:10 AM
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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.
  #39  
Old 10-28-2023, 05:18 AM
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Originally Posted by GoRedSox! View Post
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.
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  #40  
Old 10-28-2023, 05:25 AM
Kittyjohn Kittyjohn is offline
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Default A Usual Occurrence?

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!!
  #41  
Old 10-28-2023, 05:28 AM
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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.
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  #42  
Old 10-28-2023, 05:53 AM
Mrmean58 Mrmean58 is offline
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Originally Posted by Robbb View Post
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.
  #43  
Old 10-28-2023, 05:53 AM
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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
  #44  
Old 10-28-2023, 05:55 AM
Travelhunter123 Travelhunter123 is offline
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Quote:
Originally Posted by Normal View Post
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
  #45  
Old 10-28-2023, 06:12 AM
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Quote:
Originally Posted by Robbb View Post
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!
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