[tophcfa]

Originally Posted by vintageogauge

Not if you have the homestead exemption.

Wrong, your taxes will still go up, just not as much as another homeowner without the homestead exemption.

[vintageogauge]

Originally Posted by tophcfa

Wrong, your taxes will still go up, just not as much as another homeowner without the homestead exemption.

I believe in Sumter County they are locked in at a max of 3%

[Laker14]

Lots of good explanations for why housing prices are up. Among them, the feeling of wealth among many who were invested in the US Stock Market. It almost feels like "free money", and if one feels like that train ride might be ending, investing in something more tangible, that enhances one's daily living, makes sense, even if there is a clamor to do so, and a resultant spike in prices. We're old. What? We are going to wait for the next popping of the bubble and scoop up bargains? We might be dead, or too old to enjoy the bounty of our patience.
At least, that's what prompted my recent participation in the game.
I don't expect a huge increase in the value of my property during the time I will own it. Might happen, might not. Doesn't matter to me. It might be nice for my heirs, but that's not what motivates me.

Now, if I could just find some bedroom furniture, that would be nice.

[Papa_lecki]

Originally Posted by Villages Kahuna

I was talking with a guy from the commercial pool maintenance firm which services most of the Rec center and country club pools (he has 107 that he services each week).

He said that people who are trying to get a pool built at their homes are having to wait 3-4 months just to get a proposal from one of the “good” pool construction firms. Then he said that what is being quoted for a simple, standard 14 by 30 pool is between $65-70,000. And he said that’s for a bare bones hole-in-the-ground pool with pump and filter. Doesn’t include heater, auto-filler or the birdcage over the pool. He was aghast at the price and that people were lining up to sign contracts.

I have a pool and about 6-8 years ago I had T&D add a ‘spill-over’ spa and summer kitchen at one end, extending the existing birdcage by about a third. I recall the cost as being about $22k for that extensive addition. Back then you could get a new pool and birdcage built for about $30-35k as I recall.

Sounds like prices have skyrocketed. Someone’s earlier recommendation to re-read your Economics 101 textbook is good advice. When demand outstrips supply, prices will absolutely increase. That’s the factor which will cause the re-balancing of supply and demand. Forget about arguing the inequities where all the money from the raised prices will go (profits to the companies supplying whatever is in high demand). The undeniable economic fact is that when demand is much higher than supply, prices will increase.

I called T&D in January to give me an estimate, my appointment is scheduled for August

[Tmarkwald]

Originally Posted by Carla B

DIL is a realtor in the San Antonio area. Another realtor she talked to was involved with a house that attracted 91 offers! So, the market is crazy in other places, too.

It's everywhere - just sold in MD outside DC - list for 505K, 48 hours, 36 showings, stopped showing and sold for 555K. Crazy

[vintageogauge]

Originally Posted by tophcfa

Wrong, your taxes will still go up, just not as much as another homeowner without the homestead exemption.

Well there you go, it will take more years than I'll live to pay a tax increase that will come anywhere near the appreciation. Taxes are very cheap down here in comparison to where we came from.

[bilcon]

What is the average bond cost per new designer homes in the new areas? Just wondering.

[STLRAY]

Prices of residential real estate are rising all over the US. It is not unique to TV.

[kstew43]

Originally Posted by bilcon

What is the average bond cost per new designer homes in the new areas? Just wondering.

we have been looking. the average runs from 28K to 42K. The yearly village maintance is also high, $450 to $1100 per year, depending on the area. Also add Wildwood city taxes that ran around $900 to $1300 per year, depending on the home price.

that makes my taxes go up... all I can say is wow.....

[Smalley]

If prices are rising in 2021, would it be smart to rent for a year and postpone purchase to see what the real estate market does? We want to buy north of 466.

[Kenswing]

Originally Posted by bilcon

What is the average bond cost per new designer homes in the new areas? Just wondering.

In St. Catherine it's $32,815. Interest rate of 3.67%. Chitty Chatty is a bit over $41,000.

[rustyp]

Originally Posted by Kenswing

In St. Catherine it's $32,815. Interest rate of 3.67%. Chitty Chatty is a bit over $41,000.

Everything is relative. We are brainwashed into the bond is an incidental. Well $32K-$41K buys a pretty nice auto. Probably in the top three purchases most ever make. I don't know about your household but ours has the dining room table conversation before that decision is solidified.

[Kenswing]

Originally Posted by rustyp

Everything is relative. We are brainwashed into the bond is an incidental. Well $32K-$41K buys a pretty nice auto. Probably in the top three purchases most ever make. I don't know about your household but ours has the dining room table conversation before that decision is solidified.

Actually for us it was incidental. No brainwashing about it. We knew up front before buying our lot what the bond cost was going to be. It was a price we were willing to pay to be able to build a house with the design features we wanted. And yes, we spent many a dinner discussing how much we were willing to spend. Where we wanted to build. What we wanted to build and when we wanted to move.

This is a huge life event for us. Not only are we building a house but we also decided to retire. I've sold my business and my wife has given her two week notice. We have sold our house and we're moving about as far as we possibly can while still remaining in the continental U.S. So when taken in context the bond wasn't a big deal to us.

[rustyp]

Originally Posted by Kenswing

Actually for us it was incidental. No brainwashing about it. We knew up front before buying our lot what the bond cost was going to be. It was a price we were willing to pay to be able to build a house with the design features we wanted. And yes, we spent many a dinner discussing how much we were willing to spend. Where we wanted to build. What we wanted to build and when we wanted to move.

This is a huge life event for us. Not only are we building a house but we also decided to retire. I've sold my business and my wife has given her two week notice. We have sold our house and we're moving about as far as we possibly can while still remaining in the continental U.S. So when taken in context the bond wasn't a big deal to us.

Back the bus up here. Are you disclosing you joined TOTV in 2016 and have 6385 posts and don't have a house here. Something doesn't add up - were you renting for 5 plus years ? How much feet on the ground time have you logged here ?

[Kenswing]

Originally Posted by rustyp

Back the bus up here. Are you disclosing you joined TOTV in 2016 and have 6385 posts and don't have a house here. Something doesn't add up - were you renting for 5 plus years ?

LOL.. Nope. Don't have a house there yet but will in another 3 weeks. Been there three times on exploratory missions but never rented.

Joined in 2016 to start my research. Heck we weren't planning on retiring until 2024. Circumstances changed so here we come.