Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
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How Will 8% Effect The Villages
3 days ago Jamie Dimon stated 8% rates are in our near future. Most cannot argue this because national debt is climbing well past GDP. How will this affect life here in the Villages?
Jamie Dimon—Head Of U.S.’ Largest Bank—Warns Of 8% Interest Rates Along With Recession
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Everywhere “ There are those who believe something, and therefore will tolerate nothing; and on the other hand, those who tolerate everything, because they believe nothing.” - Robert Browning Last edited by Normal; 04-12-2024 at 08:05 AM. Reason: Autocorrect |
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https://news.futunn.com/en/post/4057...redictions-for |
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Everywhere “ There are those who believe something, and therefore will tolerate nothing; and on the other hand, those who tolerate everything, because they believe nothing.” - Robert Browning |
#7
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High interest rates mean new retirees may not be able to sell their homes in order to move to the Villages. For those who sell with a sizable profit, investing instead of buying a home is a good option. I am starting to see more year-round renters.No large down payment and maintenance-free living is the attraction.
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#8
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Watching the developer compete with pre-owned is fascinating. The entire pre-owned market is overpriced and not selling due to lack of adjustment in pricing related to interest rates. The developer is slashing prices on areas not selling and marketing Eastport against the two years of isolation that area will have related to the whole villages. Would you rather have a 2000 sq ft home for 400k with a fifty thousand plus bond or 450k-1 million for connected updated home with much less bond and a lower tax rate. Fun.fun.fun to watch.
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Saving for my place in the sun. |
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Saving for my place in the sun. |
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Identifying as Mr. Helpful |
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Identifying as Mr. Helpful |
#15
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Over the years I had plenty of mortgages well over 8%, one was 14%, you go with the flow and re-finance later. The economy survived then and it will survive now.
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