[Normal]

Originally Posted by CoachKandSportsguy

Does anyone know the portions of inventory which is AirBnB and other short term rental property owners?

Its well known around the country that many AirBnBs were purchased during the pandemic, and the returns aren't there any more, due to the opening of the economy, and that rental prices have collapsed, along with days rented as intl travel came back with revenge vacations.

There are two houses in our development for sale, one is the original owners, and the other has only owned the house for 2 years, as the second owner. Both houses priced at the top of the Zillow range. However, I don't understand some peoples taste in home design. . not sure the reasons, but out of 99 houses, there is 1 or 2 houses for sale every year. . .

Also, any indication of foreign owners where the the value is falling with the USD conversion rates?

Is the percentage of owned homes any higher than in the past? if 1% is for sale at the prior max, and with the growth of homes built and sold in the last 5 years, is the percentage any higher than normal? if not, the number of houses is a function of the total number of houses that have been built.

The percentage wouldn’t matter if the supply wasn’t desirable. The obvious is more houses are placed up for sale than sold per month.

Look at indicators for reasoning:

First is the decreased new home sales since 2022, they seem to be drifting toward 2020 numbers. The developers new home sales were at about 3000 homes per year in 2023 and 2024. The two previous years of 2022 and 2021 hovered closer to 4,000 homes sold per year. Of course this means production needs to be reduced by 1/4 of output (or it has already.)

The Villages New Home Sales: 2003-Present | Inside the Bubble

A second item would be the economic tide of employment. Many workers are required to return to the work place and aren’t permitted to work from their vacation home anymore. Unfortunately, layoffs are now possible for many. Only the blind don’t see a recession coming.

Third, disposable income has been reduced across the board, particularly in New York, Michigan and Ohio, important states to the Florida demographic.

Fourth, foreclosures in the Villages have hit an all time high at 44 for last month.

All of us hope these tides turn, but right now most see the obvious.

One positive is the increased pressure for inflation pricing due to loss of cheaper immigrant labor. It could force pricing to maintain at artificial highs.

[CoachKandSportsguy]

Originally Posted by Normal

The percentage wouldn’t matter if the supply wasn’t desirable.

statistically incorrect. Using the percentage can normalize the size of the houses per sale versus past history of absolute values

[Normal]

Originally Posted by CoachKandSportsguy

statistically incorrect. Using the percentage can normalize the size of the houses per sale versus past history of absolute values

Demand has everything to do with selling an item. The academic approach has little to do with the pragmatic.

[CoachKandSportsguy]

Originally Posted by Normal

Demand has everything to do with selling an item. The academic approach has little to do with the pragmatic.

Demand and selling has nothing to do with the current day statistic of houses available for sale

Demand supply is almost impossible to measure on unique items, even similar ones located in the Villages.
Selling = a transaction.
Available for sale = supply statistics

you are conflating all kinds of concepts, especially supply with demand

[Normal]

Originally Posted by CoachKandSportsguy

Demand and selling has nothing to do with the current day statistic of houses available for sale

Demand supply is almost impossible to measure on unique items, even similar ones located in the Villages.
Selling = a transaction.
Available for sale = supply statistics

you are conflating all kinds of concepts, especially supply with demand

Demand can be measured through what goes on the market vs. what is sold. Less homes placed on the market by the Villages the past two years….252 homes placed on the MLS in January, 143 sold on the MLS.

Prices are too high for consumption turn around.

[thelegges]

Originally Posted by Normal

Demand can be measured through what goes on the market vs. what is sold. Less homes placed on the market by the Villages the past two years….252 homes placed on the MLS in January, 143 sold on the MLS.

Prices are too high for consumption turn around.

Or are more residents buying new or newer homes, adding previous home to the market. Looking at the sales board, lots of “Florida” hometown, new home closing, in the last 6 months

[Normal]

Originally Posted by thelegges

Or are more residents buying new or newer homes, adding previous home to the market. Looking at the sales board, lots of “Florida” hometown, new home closing, in the last 6 months

Actually less than in previous years.

2023= 3,029 New Home Sales
2024= 3,208 New Home Sales

Previously
2022= 3,923 New Home Sales
2021= 4,004 New Home Sales

So yes, they are scaling back by selling less homes. Demand has dropped off some. That’s OK though, labor is tightening further.

[thelegges]

Originally Posted by Normal

Actually less than in previous years.

2023= 3,029 New Home Sales
2024= 3,208 New Home Sales

Previously
2022= 3,923 New Home Sales
2021= 4,004 New Home Sales

So yes, they are scaling back by selling less homes. Demand has dropped off some. That’s OK though, labor is tightening further.

Sorry if I wasn’t clear, the last 6 months percentage of new homes being bought by current TV residents, seems to be growing. Residents aren’t moving out, but to different homes, adding their current home to preowned sales. Raises % of homes for sale, along with % new sales.

For many years most residents seemed to age in place. If they sold it was death, memory care, or missed the grands.

With younger residents, moving to different homes doesn’t seem unusual. New areas are a draw for many, leaving older neighborhoods. Probably boosting the average move 2.5 times closer to 3

[Topspinmo]

Originally Posted by Aces4

It's happened.. Per AI: As of March 11, 2025, the average cost of a new car in the US is around $48,401.

Which were over priced.

[Ruger2506]

Originally Posted by opinionist

Some moves are being made by the governor to eliminate property taxes in Florida. This is preliminary, but it will be fought by every city not willing to give up a source of revenue.

Let's hope it goes through. I would love to see no property taxes. Let's remember, taxation is theft.

[Bill14564]

Originally Posted by Ruger2506

Let's hope it goes through. I would love to see no property taxes. Let's remember, taxation is theft.

I never heard "taxation is theft." I always thought it was an attempt to collect funds to pay for community-wide services.

So which services would you cut first, sheriff, schools, fire protection, or road maintenance? Actually, if the Gov's plan to totally eliminate property tax goes through then they ALL would be cut. Remember, there is no such thing as a free lunch.

[Ruger2506]

Originally Posted by Bill14564

I never heard "taxation is theft." I always thought it was an attempt to collect funds to pay for community-wide services.

So which services would you cut first, sheriff, schools, fire protection, or road maintenance? Actually, if the Gov's plan to totally eliminate property tax goes through then they ALL would be cut. Remember, there is no such thing as a free lunch.

Stealing land paid for just for a few missing tax payments is theft. You buy a TV, you pay a tax and then it's done. Your TV free and clear. Same with a groceries and clothes and what not.

Only fair way to tax is sales tax. If I want to pay taxes, I buy things. If I don't want to pay taxes, I buy less things. Recurring taxes on things we own is theft.

Go Ron! Kill property taxes.

[tophcfa]

Originally Posted by Ruger2506

Let's hope it goes through. I would love to see no property taxes.

Eliminating property taxes isn’t going to help stimulate demand for homes as much as one might initially think, unless it’s for all homeowners regardless of their Florida residency status. My guess is that roughly half of Villages homes are owned by residents of other states, be it snowbirds, snowflakes, or inventors/landlords. If the property tax burden is shifted more towards homeowners who aren’t full time Florida residents, a big component of housing demand could very well begin to dry up. I get it that eliminating property taxes for full time residents, who happen to vote in Florida elections, is tempting to politicians as an effort to buy votes. That being said, they better be careful not to shoot the snowbirds/flakes that lay the golden eggs.

Also, the money that counties need to remain viable and operational has to come from somewhere. The state isn’t kicking back any income tax to the municipalities since there is no income tax. Many who don’t want any property taxes will be the first to start bitching when the roads go into disrepair and first responders get massive layoffs. Be careful what you ask for.

[Bill14564]

Originally Posted by Ruger2506

Stealing land paid for just for a few missing tax payments is theft. You buy a TV, you pay a tax and then it's done. Your TV free and clear. Same with a groceries and clothes and what not.

Only fair way to tax is sales tax. If I want to pay taxes, I buy things. If I don't want to pay taxes, I buy less things. Recurring taxes on things we own is theft.

Go Ron! Kill property taxes.

Details matter and land is not stolen. Makes for a good sound bite but isn't the way things work.

Sales tax? Okay, so you are suggesting the 1% county sales tax be increased to 6% for an overall 13%.

Don't like "recurring taxes on things we own"? Fine, no problem, just establish a $5,000 annual assessment per household with an option to collect that from Fed tax returns, SS payments, or wage garnishment. Don't want to pay the Sumter County assessment? Fine, move to a county with a lower assessment.

One way or another services need to be paid for. It's wicked easy to say "no new taxes," "taxes are theft," or "tax sales are theft." It's far, far more difficult to find the funds to pay for the services that citizens demand.

[Ruger2506]

Originally Posted by Bill14564

Details matter and land is not stolen. Makes for a good sound bite but isn't the way things work.

Sales tax? Okay, so you are suggesting the 1% county sales tax be increased to 6% for an overall 13%.

Don't like "recurring taxes on things we own"? Fine, no problem, just establish a $5,000 annual assessment per household with an option to collect that from Fed tax returns, SS payments, or wage garnishment. Don't want to pay the Sumter County assessment? Fine, move to a county with a lower assessment.

One way or another services need to be paid for. It's wicked easy to say "no new taxes," "taxes are theft," or "tax sales are theft." It's far, far more difficult to find the funds to pay for the services that citizens demand.

I won't lie. It won't work for the masses but I could easily and happily live off my land without cops and fire fighters and road crews. There is no cop or fire fighter that's going to make it to my property before all the damage is done. So in effect that's pointless. ANd here in The Villages and Middleton, we are paying for county AND Villages fire (paying for a service we will never use).

I'd happily got back to the early 1900's.

And let's not BS and BSer. Schools down here are crap compared to a lot of other places with lower property taxes. Roads here aren't subject to what roads in the colder part of the US are subjected to, and require more upkeep. Plus FL tolls drivers which a lot of other states don't do. EMS and cops......who knows. That's probably a push comparatively.