Talk of The Villages Florida

Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   Housing market direction indicator (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/housing-market-direction-indicator-324130/)

Blackbird45 09-16-2021 07:45 AM

Housing prices will always fluctuate.

No one truly knows when a home has hit its highest point or when it will drop.
Until it actually happens there is no a true explanation for the cause anything prior are just assumptions.
If you are not a speculator and are looking for a home to live in pay whatever you thing is appropriate.

charlieo1126@gmail.com 09-16-2021 08:24 AM

Sad , I could go around sad all my life if I worried about who had less or more then
 
Quote:

Originally Posted by justjim (Post 2004462)
I don’t have a “crystal ball” but for all the reasons cited in the article and adding The Villages (TV) specifically to where prices are going, I think prices will not go down or even level off for a couple of years. A lot of people still want to move to a warmer climate after they retire. Florida, Arizona, North and South Carolina, and Texas seem very popular places to live these days. Not to mention lower taxes in these States. However, taxes are also likely to be higher in these States in the future too. TV has gotten more expensive over the last fifteen years. The dream of retiring here may be beyond some retirees income than it was fifteen years ago and that is understandably sad.

me. There are lots of wonderful places all around the villages to live ,I love the villager but for many who can’t afford to live here it’s not sad , it’s just life

richdell 09-16-2021 10:39 AM

Quote:

Originally Posted by rustyp (Post 2004504)
Let's assume 2 people per household for the moment. If we are short 5 million homes where are these ten million people living now ?

Renting?

Moderator 09-16-2021 10:52 AM

To be clear: according to the powers that be, any reference to the border and people coming over it (or not) is considered to be political and will not be allowed. Infractions will be given. Have a nice day, and please follow the site rules.

frose 09-16-2021 11:48 AM

remember 2008. 35%loss on housing, inflation, oil prices.. 2021 will make that look like a cake walk..6$a gallon gas, housing WILL tank loosing around 38% of it's current value, 7.50 for a gallon of milk.. Look around it's already started. look at you grocery bill, cable bill, water bill, electricity bill.. we better wake up and do it soon. this will be a depression for the ages!!!!!

charlieo1126@gmail.com 09-16-2021 11:56 AM

The sky is falling , the sky is falling , oh my

jimjamuser 09-16-2021 12:46 PM

Quote:

Originally Posted by Koapaka (Post 2004329)
For those wondering if this housing market will slow down or stop anytime soon, interesting read.

America is short more than 5 million homes, study says

There would be no shortage if those "deciders" did NOT want it that way. Extreme Zoning (that are for other than safety) keeps up the shortage. Innovative ideas like micro and mini homes and dome homes are rejected "out of hand". European homes are built, NOT on-site, but rather on factory assembly lines to have greater quality, safety, and LOWER cost.
Notice that in the early years of automobiles, each car was made "on-site" by hand. Then Henry Ford started the factory assembly line and cars became available to the general public. The same thing could be done for houses, but tradition and vested interests get in the way of progress.
And a roof over one's head is a better way out of poverty and health problems than driving a car!

jimjamuser 09-16-2021 12:59 PM

Quote:

Originally Posted by DAVES (Post 2004404)
Like most things we tend to believe what is now will always be so. It is like a perfect storm. Skilled labor shortage, low mortgage interest etc and high tax incentives. Any can change. Real estate and the stock market always go up-except when they don't. We bought in the villages 9 years ago and of course on paper our home is worth more than we paid. Reality, assuming I am still alive, I will need to live somewhere and that too wherever or whatever will also cost more.

One could move to a small town in Alaska, Maine, or any state having ongoing migration and have lots of spending money left over. I remember one smart man at my swimming pool who a couple of years ago sold his house here in TV Land and move to some inexpensive resort in some Central American beach area. ( sorry I don't remember the exact country because I was NOT, personally interested)

jimjamuser 09-16-2021 01:17 PM

Quote:

Originally Posted by justjim (Post 2004462)
I don’t have a “crystal ball” but for all the reasons cited in the article and adding The Villages (TV) specifically to where prices are going, I think prices will not go down or even level off for a couple of years. A lot of people still want to move to a warmer climate after they retire. Florida, Arizona, North and South Carolina, and Texas seem very popular places to live these days. Not to mention lower taxes in these States. However, taxes are also likely to be higher in these States in the future too. TV has gotten more expensive over the last fifteen years. The dream of retiring here may be beyond some retirees income than it was fifteen years ago and that is understandably sad.

With Global Warming, South Carolina probably has about the climate and temperature that Florida had in the 1950s - that is to say that the summers are probably inhabitable in S. Carolina. Go Gamecocks!

jimjamuser 09-16-2021 01:43 PM

Quote:

Originally Posted by rustyp (Post 2004504)
Let's assume 2 people per household for the moment. If we are short 5 million homes where are these ten million people living now ?

Immigration keeps population from staying constant and it always grows creating upward GNP and questionable "Quality of Life". Cycles of housing market rises and drops catch some that bought "too much house" living homeless in their cars and on the sidewalks and under bridges. That can be devastating to people trying to create wealth by owning a home and starting a family. And these recurring cycles harm the overall wealth and prosperity of US society - while having greater adverse effects on the many economic and ethnic factions making up the nation. And different states have different degrees of empathy toward the unlucky, unsuccessful lower end of the social spectrum - for example, varying amounts and time periods for unemployment benefits. The housing cycle is very difficult to predict and its effects are felt throughout society.

jimjamuser 09-16-2021 01:44 PM

///

jimjamuser 09-16-2021 01:59 PM

Quote:

Originally Posted by CoachKandSportsguy (Post 2004683)
Where are they living? One of the problems is that the boomer population is living a lot longer and more affluently, ie, the villages, some with two houses, so when there was a turnover of houses to a younger generation in the past, is exacerbated with living longer and having more houses

not the same as the past, so that is why there is a shortage, and with the economics so favorable along with the working from home movement due to technology, that is the perfect storm. . .

trends move slowly, and trend disruptors also move slowly, until it hits a tipping point, and then the unknown event pushes it over. Read Malcom Gladwell book, the tipping point. Happens all the time.

Not all trends move S-L-O-W-L-Y. I read the book, "the Black Swan", about the SUDDEN subprime crash. Also, the CV Pandemic CRASHED pretty rapidly on our shores. And we may or may NOT recover depending on a small portion of America that seems intent at driving America into the ditch of human History.

Blueblaze 09-16-2021 03:00 PM

10,000 boomers retire every day. Meanwhile, 20,000 foreign invaders cross the border every day into the welcoming arms of the folks who were hired to keep them out.

There's some math in there that says boomers are going to continue to get good price for their old house, and Florida is going to have a hard time building new houses fast enough to give them some place to retire to.

And on top of all that, we have a FED pumping 5 trillion bucks a year into an already inflated economy.

Yes, this bubble will burst someday. But until it does, I don't know a better place to put my retirement savings than Florida real estate. I don't think you can stack enough gold in your closet safe to do you much good when inflation hits Carter levels.

Bogie Shooter 09-16-2021 03:27 PM

Quote:

Originally Posted by Blueblaze (Post 2004967)
10,000 boomers retire every day. Meanwhile, 20,000 foreign invaders cross the border every day into the welcoming arms of the folks who were hired to keep them out.

There's some math in there that says boomers are going to continue to get good price for their old house, and Florida is going to have a hard time building new houses fast enough to give them some place to retire to.

And on top of all that, we have a FED pumping 5 trillion bucks a year into an already inflated economy.

Yes, this bubble will burst someday. But until it does, I don't know a better place to put my retirement savings than Florida real estate. I don't think you can stack enough gold in your closet safe to do you much good when inflation hits Carter levels.

What did your first paragraph add to your post ?

Blueblaze 09-16-2021 03:41 PM

Quote:

Originally Posted by Bogie Shooter (Post 2004979)
What did your first paragraph add to your post ?

Math. Look it up. It's a thing.


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