[Normal]

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

[Stu from NYC]

People who need a mortgage to purchase home will be affected. Those who pay cash not so much.

[Dusty_Star]

Originally Posted by Normal

3 days ago Jamie Diamond 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

Jamie Dimon - meh. Jamie Dimon's interest rate calls haven't panned out too well in the past.
https://news.futunn.com/en/post/4057...redictions-for

[Shipping up to Boston]

Originally Posted by Dusty_Star

Jamie Dimon - meh. Jamie Dimon's interest rate calls haven't panned out too well in the past.
https://news.futunn.com/en/post/4057...redictions-for

Agree...click bait

[Normal]

Originally Posted by Dusty_Star

Jamie Dimon - meh. Jamie Dimon's interest rate calls haven't panned out too well in the past.
https://news.futunn.com/en/post/4057...redictions-for

Thank you autocorrect lol. Dimon knows what he is doing and sometimes yes, sometimes no. But most agree national debt is climbing well past sustainable levels. Something will give.

[coralway]

Deficits don't matter ............ Dick Cheney

[Randall55]

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.

[Craig Vernon]

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.

[Craig Vernon]

Originally Posted by Randall55

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.

Your point is also 100% correct. Smart buyers are not willing to pay all the costs related for their purchase but can still live the dream with less stress. This means the value of the villages is questionable in the current economic environment.

[Stu from NYC]

Originally Posted by coralway

Deficits don't matter ............ Dick Cheney

Very true, deficits do not matter until they do

[dewilson58]

Originally Posted by Stu from NYC

People who need a mortgage to purchase home will be affected. Those who pay cash not so much.

[Two Bills]

How Will 8% Effect The Villages?

For the cash rich, very nicely thank you.

[dewilson58]

Originally Posted by Dusty_Star

Jamie Dimon - meh. Jamie Dimon's interest rate calls haven't panned out too well in the past.
https://news.futunn.com/en/post/4057...redictions-for

Jam needs to stop predicting and watch his own shop.............down 6% (& falling) today.

[Shipping up to Boston]

Hit 8% late last year so you have a pretty recent sample of what it did or didn’t do here

[vintageogauge]

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.