Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#91
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#92
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Can't overstate this enough. There is simply nothing down there to support life, and there does not really seem to be any plan to change that soon. The few stores that are within a light year, at Magnolia plaza, are slammed with customers. The one gas station the 7-11 is an absolut dump, apparently when you have a monopoly you don't have to clean your store.
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#93
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There is no such thing as "over-pricing" on a market wide or neighborhood wide trend analysis. "Market" is what a willing buyer will pay a willing seller. If you see that pre-owned homes are selling for $100,000 more than "new construction homes", that means the pre-owned homes are worth more, not that they're over-priced. |
#94
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Where you do see difference is in the percentage of 70 and over.....South of 44 it's only 34.5%, west of the turnpike it's 42.3%, south of 466A it's 68.5%, south of 466 its 76.2% and north of 466 it's 73.2% that are 70 and over. |
#95
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I think I've read at least 20 posts in this thread, making the argument that no matter what pay for your home in TV, it's going to be a "great investment" and you'll always have sensational, market-defying appreciation.
For all who buy into this nonsense, he's a little history lesson. Tulipmania: About the Dutch Tulip Bulb Market Bubble |
#96
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I guess you folks consider it a ghost town if everything isn't a 2 minute walk. It's just strange to me. Maybe as I get older I'll feel the same. |
#97
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#98
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Unfortunately, those who bought homes when prices were at the highest will lose the most. This is why sales are slow. Smart buyers realize purchasing a home at this time is probably not a good investment. If they do buy, they must see a good deal. Last edited by Randall55; 02-01-2024 at 01:17 PM. |
#99
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There are a lot of stores and activities in that area and your wife may like living there. Last edited by VApeople; 02-01-2024 at 05:01 PM. |
#100
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I find it quite amusing that some do not comprehend people who are now retiring are IN THE SAME AGE GROUP. Yeah, let's just continue to pretend they ALL buy in the south. Not one of them buys a preowned home. 70 and 80 year olds are somehow managing to buy ALL the preowned homes because they are not content with the home they have been living in for many years. To keep themselves amused, they keep buying homes. Last edited by Randall55; 02-01-2024 at 01:33 PM. |
#101
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#102
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Even if you bought a house at the very very highest peak of the 2006/2007 market before the epic 2007/2008/2009 crash, that price would be an amazing bargain in today's market. In So Cal, I know a guy who bought weeks before the crash for a then-whopping $750,000!!! Sure, it was worth only $600,000 on paper for a few years. That same house now goes for $1,750,000, a full million dollars more than he bought it for at the then-peak. This example is not unusual. My current Tennessee house was $650,000 brand new in 2007. I bought it in 2019 for $705,000 - not much of a gain. Currently valued at 1,250,000. Viewed in today's market, even its peak-pre-crash price of $650,000 would be an incredibly bargain today. If you are in the game for the long-haul, if you are looking to live in the house rent free while it gains equity or hand it down to your heirs, the market price when you buy matters little as long as you are getting it for a competitive price at the time and market of your purchase. Real Estate, like the stock market, will bounce up and down but over time it has always gained value. Would you buy IBM or Apple or anything else today at the price it was in 1980? I bet cash money you would. I would buy any house I've ever owned for what it may have gone for in 1990, whether it was a bargain or the highest in the neighborhood. Any of those prices would be significantly cheaper than today's costs. What does Warren Buffet say? "Buy, hold, and don't watch too closely." I think it applies to real estate as well.
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Chino 1960's to 1976, Torrance, CA 1976-1983, 87-91, 94-98 / Frederick Co., MD 1983-1987/ Valencia, CA 1991-1994/ Brea, CA 1998-2002/ Dana Point, CA 2002-2019/ Knoxville, TN 2019-Current/ FL 2022-Current |
#103
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Today: A person who paid $250,000 for a home before Covid. Now, worth $400,000- $500,000 thanks to after covid craze. They are sitting pretty. A person who paid $500,000 for a home during the past Covid craze. If they were smart enough to get out before the market stabilized, they made a profit. Those still holding have quite a bit of ground to cover due to downward price trend. Eventually, they will see a profit. But, not anytime soon. Last edited by Randall55; 02-01-2024 at 02:55 PM. |
#104
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"The life expectancy of a male in the USA is 73. A female, 79. I suppose you believe the Villages is a magical place where no one dies."
- - - - - - - - - - Those numbers are correct if you are a baby, but IF you made it to 73, which is sometimes listed as the median age of TV residents, social security tables predict you will live, on average, to 84 or 86 (m/f.) You had me sweating ![]() |
#105
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Closed Thread |
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