[Jayhawk]

Originally Posted by Girlcopper

Greedy investors

Or as most say, Investors.

They are not in it to break even.

[JMintzer]

Originally Posted by Robnlaura

Well they are withholding inventory they have a run rate of three hundred homes a month (new) they will still build 300 homes a month no matter what so they withhold a 100 and next month they have 400 waiting to sell.. it’s a game to keep prices up and create fear you won’t be able to buy.. as for selling “waterfront” for 160k that’s them having a laugh .. note it’s always those same homes that are available.. will wait even it’s a year we will wait

Can you show me the evidence that they are "withholding inventory"?

Seriously, I'm very interested in your source for this information...

[jojo]

Originally Posted by manaboutown

During my first visit to TV in the fall of 2009 people told me about the new home buying frenzy in the last few years before 2007. Apparently at one time two large tents were set up to handle the crowds wanting to buy. If I recall correctly I read the sales of new homes in TV ran around 4,000 in 2004, 2005 and 2006. Anyway, by late 2009 prices on new homes had been reduced. There were still plenty of sales but in the 2,000 range. Prices were off from before 2007, but not to the degree they were elsewhere. IMHO The Villages weathered that storm due to its buyer demographic. What seemed to be holding people up in 2009 was they could not sell their "up north" homes for the amounts needed to retire and relocate to TV.

The Villages New Home Sales: 2003-Present | Inside The Bubble 2021

We bought in 2008 and I was monitoring TOTV daily. The pages were full of laments from folks up north that they were ready to buy in The Villages but could not sell their home, At that time we bought for much less than the home had originally sold for when it was built one year earlier.

[Laker14]

Originally Posted by JMintzer

Can you show me the evidence that they are "withholding inventory"?

Seriously, I'm very interested in your source for this information...

It certainly makes no sense to me. Why would they do that in a booming market?

If the market were depressed, and they felt they could do better later and make up for the loss of the value of "money in hand", then maybe they'd do that. But now? They probably wish they could build them faster, right now.

[Becca9800]

Originally Posted by Laker14

It certainly makes no sense to me. Why would they do that in a booming market?

If the market were depressed, and they felt they could do better later and make up for the loss of the value of "money in hand", then maybe they'd do that. But now? They probably wish they could build them faster, right now.

Low inventory = increased prices.

[Normal]

Originally Posted by Becca9800

Low inventory = increased prices.

Evidently it is a national problem, not just a Villages one. “ What inventory?” Is the question in every section of the country. There isn’t a bubble, there’s a trend and it is here to stay for a while. Millennials are looking for homes and there just aren’t enough built yet.

Is it a national conspiracy? It certainly doesn’t seem to be just a TV one!

[JMintzer]

Originally Posted by Becca9800

Low inventory = increased prices.

So, either sell 10 houses for a few thousand more, or sell a hundred houses...

Hmmm, which one will make me more money...

[manaboutown]

The famous supply vs. demand...

[Bill14564]

Originally Posted by JMintzer

So, either sell 10 houses for a few thousand more, or sell a hundred houses...

Hmmm, which one will make me more money...

There's always option three: Sell a hundred houses but only make ten available at a time so you can get a few thousand more for each.

[ithos]

In the 2008 home crisis, flippers went wild and created excess supply. It became cheaper to rent than to own. That is not the case now. Also the loan standards are more strict so that the buyers today are financially better off so that there will be no tsunami of foreclosures.

There very well may be another housing crisis in the future but not anytime soon. And if it happens I believe it will be the result of an economic dislocation, not the cause of it.

[Tim C.]

I think the tipping point is coming where housing prices are going to cool off significantly. Likely due to the inflation being caused by reckless deficit spending - the Fed will raise interest rates and POOF, prices on houses are going to settle in a big way. Plus the stock market - overvalued. steep sell-off will likely occur today. I believe a big correction ala 2008 is coming.

And the housing bubble? Reminds me of how things were in 2005 going into 2006. Took more than a decade for my house to be worth what I paid for it. Glad I'm not in that position any longer. Bought into TV before things got really nuts and no intentions of selling.

[Papa_lecki]

Originally Posted by JMintzer

Can you show me the evidence that they are "withholding inventory"?

Seriously, I'm very interested in your source for this information...

Are they withholding inventory or controlling in which areas and which homes get sold. On TV app, there are consistently 25 to 30 new homes for sale. If your agent knows you want to buy, but you dont like any of those 25 to 30 homes, I guarantee a 31st home would become available that would meet your needs.

[Tim C.]

there's nothing in the law that says you have to list your home....people who aren't really in a "must sell" situation are always evaluating the market. but I know this - if you're an owner, and you're trying to sell, what makes you think that the MLS is "withholding" your listing?? Sorry, I don't buy it. if i was trying to sell, I'm up on MLS. Period.

now can a real estate agent call people or otherwise solicit people to sell? happens all the time. I get stuff in the mail every other day. emails. but convincing someone that "hey I have a buyer and they are hot for a house like yours so please let's list it now" is not the same as some conspiracy about withholding listings to artificially raise prices. I don't think the home market is that unified. Reality is this - there is a lot of pent-up demand to move due to COVID. COVID also drove up construction material costs so relatively fewer new homes are being built which makes existing homes relatively more valuable. and there is a big demand of people who want to move to Florida for tax reasons, weather reasons, political reasons. super low interest rates (for now).

Supply and demand. I think I heard about that in college...I dunno

[JMintzer]

Originally Posted by Bill14564

There's always option three: Sell a hundred houses but only make ten available at a time so you can get a few thousand more for each.

And actual proof that is happening?

[JMintzer]

Originally Posted by Tim C.

I think the tipping point is coming where housing prices are going to cool off significantly. Likely due to the inflation being caused by reckless deficit spending - the Fed will raise interest rates and POOF, prices on houses are going to settle in a big way. Plus the stock market - overvalued. steep sell-off will likely occur today. I believe a big correction ala 2008 is coming.

And the housing bubble? Reminds me of how things were in 2005 going into 2006. Took more than a decade for my house to be worth what I paid for it. Glad I'm not in that position any longer. Bought into TV before things got really nuts and no intentions of selling.

Most of that previous bubble was caused by the relaxing of lending standards, to make home loans "more fair", even to those with lousy credit. I know first hand, as a friend of mine was in the "B-Mortgage" business... He nearly lost everything when the crash came, as his company started backing the risky loans themselves...

Fannie and Freddie knew this was coming, but Barney Frank blocked and attempt to reign in the risky loans...

People re-financed, and re-financed, taking "cash" out of the new found equity, and when the bill came due, they walked away...