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Housing Crash Hitting Villages

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  #61  
Old 10-28-2023, 09:56 AM
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Default The Correct Attitude

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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.
Great thoughts!

Don't delay. Get your Arizona house sold, move here, and enjoy the good life. The Villages is unbelievable. Anyone who is not happy here will not be happy anywhere. There is no trash, graffiti, homeless camps or run-down houses. The fresh plants at the roundabouts and the landscaping of the major streets are amazing. You don't have to drive past 7-11's, tire shops, "head"shops, or porno parlors to go to the grocery store.

Every time I see a line of golf carts at one of the squares, I get a smile on my face. Every time I pull into one of the extra-wide parking spaces or the extra-long parallel street spaces, I chuckle at the thoughtfulness of the developer. I marvel at the foresight of the Morris family in recognizing the benefit of having continuity in the design of the infrastructure, the roundabouts, the street lighting, the community centers etc.

There are more organized clubs than you can count. You may not join a single one. However, if you want to associate with others who own a Chrysler convertible, they're here and they will welcome you. After you settle in, you'll find that your life style hasn't changed that much. If you do anything different, it will be something that you were interested in before you moved here. If you didn't make quilts when you lived in Peoria, I doubt you'll join the quilting club. If you were a golfer before, you'll play more golf here. If you weren't a golfer, you'll still wonder why so many fools spend most of their time doing so. The only new activity you may take up will be pickleball, which EVERYBODY seems to be playing (if you do, be sure to acquaint yourself with the doctors at the Orthopedic Institute on Hwy 441).

Give a lot of thought to where you buy a house. In the new areas in the south, you get a new house, new appliances, new landscaping, new community centers etc. Those are important. The downside is that you will not have an established numbers of services. At Spanish Springs and Lake Sumter, you will have doctors, dentists, barbers, drug stores, restaurants, supermarkets, etc all accessible by golf cart (at Lake Sumter, I drove my cart to my cataract surgery. My wife drove it to the imaging center for an MRI).

The downside in the older areas--we spent 50% of the price of our house on a complete remodel and spent, in total, more than the price for which we could have bought a new house in the south. Contractors for remodeling are very expensive and hard to get. The upside is that we got everything we wanted (and I'm three minutes by cart to a championship golf course).

The best advice when house-hunting is look at an overhead view (Zillow) before taking the time to drive to any house you are considering. If you see a street with a double-yellow line, look elsewhere, if you enjoy peace and quiet. If you are going to spend the money to live on a golf course, be certain that it is not in the line of fire of a stray shot, unless you like meeting new people walking in your yard and on your landscaping.


You'll love The Villages.
  #62  
Old 10-28-2023, 10:08 AM
lawgolfer lawgolfer is offline
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Default The Correct Attitude

Quote:
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.
Great thoughts!

Don't delay. Get your Arizona house sold, move here, and enjoy the good life. The Villages is unbelievable. Anyone who is not happy here will not be happy anywhere. There is no trash, graffiti, homeless camps or run-down houses. The fresh plants at the roundabouts and the landscaping of the major streets are amazing. You don't have to drive past 7-11's, tire shops, "head"shops, or porno parlors to go to the grocery store.

Every time I see a line of golf carts at one of the squares, I get a smile on my face. Every time I pull into one of the extra-wide parking spaces or the extra-long parallel street spaces, I chuckle at the thoughtfulness of the developer. I marvel at the foresight of the Morris family in recognizing the benefit of having continuity in the design of the infrastructure, the roundabouts, the street lighting, the community centers etc.

There are more organized clubs than you can count. You may not join a single one. However, if you want to associate with others who own a Chrysler convertible, they're here and they will welcome you. After you settle in, you'll find that your life style hasn't changed that much. If you do anything different, it will be something that you were interested in before you moved here. If you didn't make quilts when you lived in Peoria, I doubt you'll join the quilting club. If you were a golfer before, you'll play more golf here. If you weren't a golfer, you'll still wonder why so many fools spend most of their time doing so. The only new activity you may take up will be pickleball, which EVERYBODY seems to be playing (if you do, be sure to acquaint yourself with the doctors at the Orthopedic Institute on Hwy 441).

Give a lot of thought to where you buy a house. In the new areas in the south, you get a new house, new appliances, new landscaping, new community centers etc. Those are important. The downside is that you will not have an established numbers of services. At Spanish Springs and Lake Sumter, you will have doctors, dentists, barbers, drug stores, restaurants, supermarkets, etc all accessible by golf cart (at Lake Sumter, I drove my cart to my cataract surgery. My wife drove it to the imaging center for an MRI).

The downside in the older areas--we spent 50% of the price of our house on a complete remodel and spent, in total, more than the price for which we could have bought a new house in the south. Contractors for remodeling are very expensive and hard to get. The upside is that we got everything we wanted (and I'm three minutes by cart to a championship golf course).

The best advice when house-hunting is look at an overhead view (Zillow) before taking the time to drive to any house you are considering. If you see a street with a double-yellow line, look elsewhere, if you enjoy peace and quiet. If you are going to spend the money to live on a golf course, be certain that it is not in the line of fire of a stray shot, unless you like meeting new people walking in your yard and on your landscaping.


You'll love The Villages.
  #63  
Old 10-28-2023, 10:10 AM
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Originally Posted by lawgolfer View Post
Great thoughts!

Don't delay. Get your Arizona house sold, move here, and enjoy the good life. The Villages is unbelievable….



You'll love The Villages.
Absolutely, just do your homework. You can save thousands by not going into things blindly. If you buy other than new, it’s super easy to find the original purchase price. You don’t want to put 10s of thousands in some profit seeker’s pockets. It gives you a true sense of value before purchasing.
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  #64  
Old 10-28-2023, 10:19 AM
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Originally Posted by Normal View Post
Absolutely, just do your homework. If you buy other than new, it’s super easy to find the original purchase price. It gives you a true sense of value before purchasing.
So just curious, what multiplier do you put on the builder's construction cost / purchase price to get to today's price? Is there an age multiplier or is there an interest rate de-multiplier?

Just curious how a 5 year old construction sold as new price give you a true value of any individual house today, which may or may not have stayed the same, including the neighborhood? that's one interesting trick, given that each house probably has unique features. . like an added on pool, etc.

really want to read this answer
  #65  
Old 10-28-2023, 10:21 AM
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Ignore the cynical naysayers and enjoy your new life here - Congratulations!
Second that.

Just speculation...there is a clique of naysayers over at ********-**** that seems to be intent on denigrating TV at every opportunity and through every available means. Some of the posts by the naysayers around here (usually, though not always, folks with very few or even zero posts to their credit) resemble those naysayers to an uncomfortable degree.

Just sayin'.
  #66  
Old 10-28-2023, 10:31 AM
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Originally Posted by CoachKandSportsguy View Post
So just curious, what multiplier do you put on the builder's construction cost / purchase price to get to today's price? Is there an age multiplier or is there an interest rate de-multiplier?

Just curious how a 5 year old construction sold as new price give you a true value of any individual house today, which may or may not have stayed the same, including the neighborhood? that's one interesting trick, given that each house probably has unique features. . like an added on pool, etc.

really want to read this answer
You can’t conflate new costs with used unless you want to aggregate everything to one market. You can amortize line by line, but then opportunity costs, sunk costs and external costs come into play.

I go holistically with the “field dependent “ side of economics. Supply is important along with comps, interest rates and demand. Something is only worth what someone is willing to pay for it, this is regardless of original pricing, inflation rates etc.

My post is just implying the fact that houses are priced and being reduced in price. The obvious writing is that this is a time when prices are decreasing, please let us know if you think they are increasing.

Just get on line with google, Redfin , realtor.com etc. and do your own calculations. If someone bought a house 2 years ago and paid 329,000 and now they want 400,000 you can barter to a realistic price. Micro and macro are applicable of course with additions of landscaping etc.

I do confess I am more of a Richard Freeman type if it matters at all.

What’s your beef with people making good choices?
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Last edited by Normal; 10-28-2023 at 10:46 AM.
  #67  
Old 10-28-2023, 11:04 AM
Vermilion Villager Vermilion Villager is offline
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Originally Posted by Bogie Shooter View Post
There were many more threads you started, but the mods have closed them all.
You seem to have some hidden agenda. Your threads/posts have a common thought….its all the Developer’s fault. If you are not happy here, you have options.
Maybe read all your dire predictions and sell/leave BEFORE…..the crash!
Good catch!!! I was wondering the same thing. This guy is been a member since 2021 and he appears to believe he is an expert on the historical market for the villages.
  #68  
Old 10-28-2023, 11:12 AM
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Good catch!!! I was wondering the same thing. This guy is been a member since 2021 and he appears to believe he is an expert on the historical market for the villages.
Just another trying to edge extra cash out of the housing market here.

Again, what is your beef with prices decreasing in The Villages? And please do let us know if you think they are going up. The citations and photos are my proof, please be objective.
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  #69  
Old 10-28-2023, 11:18 AM
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Cost of money!
  #70  
Old 10-28-2023, 11:38 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.
Arizona us just as desirable a place to move for retirement as Florida. If I may ask, why are you leaving? I love AZ and have visited many times and considered the Robson Communities but The Villages was more in my price range!
  #71  
Old 10-28-2023, 11:47 AM
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One thing the Housing Market, Stock Market, and Arnold Schwarzenegger have in common, is they will "All be back!"

Buy! Buy!
  #72  
Old 10-28-2023, 12:08 PM
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Arizona us just as desirable a place to move for retirement as Florida. If I may ask, why are you leaving? I love AZ and have visited many times and considered the Robson Communities but The Villages was more in my price range!
My brother in 2016 bought a home in a Robson development, The Preserve at Saddlebrooke. It is only worth about 50% more than what he paid for it after over seven years. I visited him a couple times and found it remote, a long drive from just about everything. They only had one clubhouse and restaurant. Only one golf course I believe. Anyway it was not for me. I much prefer The Villages.
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  #73  
Old 10-28-2023, 12:44 PM
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I like this idea of housing crash in TV since I don’t plan to sell in the near future, but why has my property tax gone up by a significant amount, instead of down then?
  #74  
Old 10-28-2023, 01:03 PM
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I like this idea of housing crash in TV since I don’t plan to sell in the near future, but why has my property tax gone up by a significant amount, instead of down then?
In 2008, when the entire country saw significant devaluation of their homes, not so much in the Villages. The cost of homes decreased by $20,000-$30,000 for a short time period. In two years, the market returned to the before crash prices and then stabilized. I saw no change in my property taxes in that time period.
  #75  
Old 10-28-2023, 01:16 PM
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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.
For some of us, money doesn’t matter. We will enjoy The Villages for years to come no matter what! I’m not attacking what you have posted, you seem reasonable about your concerns. We researched TV for a while before we bought in. I don’t know that the “crash” is here though. Yes prices are going down, but crash seems a little harsh. Where did you get all the pictures from?
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