[jonathanb]

I am a retired Villages sales rep. I told everyone back in early 2017 who thought building in Fenney was crazy I said prices will skyrocket. They thought I was crazy. So in July of 2017 we built our house in Fenney and sold it in 2019 for a 30% profit. Then I still told everyone there’s still time. We bought our second home in Linden and sold one year later for a 25% profit. Now in Bradford. Probably make some on this one in a couple years but the big window for huge profits has shut. Southern oaks is connected and shopping center built. Just a beautiful place to live

[Tmarkwald]

Originally Posted by Kenswing

It's just a fact that Florida is where people are moving to. We're getting ready to move to Florida from Washington state. A 26' U-Haul truck from WA to FL is currently $6950. The same truck for the same dates from FL to WA is $1107. All the trucks are going to FL and TX. They just about have to pay people to drive the trucks back to the places people are moving from.

That's pretty seasonal. Wait until later in the year.

[J1ceasar]

Prices up means inflation . Just look at the price of standard items if you buy in the supermarket like Chuck meat, salmon, eggs, all of these are up significantly, I am not going to complain about which party did this, this is ongoing when people give out free money and print we've become like Venezuela the value of your dollar is worthless compared to the stock market going up. It's a falsehood when you certainly have $2 whereas you had $1 before and of course you the same thing to buy eggs at two dollars a dozen when it used to cost $1 a dozen if you believe you made a profit it's all in your head

[sasman29]

Another reason prices rising is availability of materials. With many factories slowing down

[J1ceasar]

Whether you live in The villages or right outside the bubble prices from 10 years ago have gone up about 250% for homes. This is a massive inflation and it's no good for people on fixed incomes. If I sold my house today that means I can only buy a house similarly sized. In other words eggs that used to be 99 cents a dozen are now much more and my dollar is really worth less. Back in sixties ,I remember my father buying his first house. It cost him one half of his yearly salary. Years later when I was buying my home with my wife , it cost me two times my salary. The only good thing today is I interest rates are still three or four percent for a mortgage compared to 13% way back when I got a mortgage I don't know how I did it. I am truly scared that the world will eventually go into an interest spiral. Virtually all of the countries will declare bankruptcy and get rid of their bonds like Russia did. Right now the USA spends about 10% on the interest alone of the government's debt. Can you imagine if we had to spend another one or two trillion dollars a year out of our budget and what would have to be cut? That is why I feel all of this free money is crazy

[txfan]

Originally Posted by FG111

The price of your home is not worth 10% more. Your home is worth what someone is willing to pay for the home. When your home resales, that price will become what your home is worth. Real Estate 101...

Common Sense 101: We know what he meant in the context of the thread. Our new home “appraised” for almost 10 percent more than the build price in November.

[Neils]

Economics 101
Worth a quick review

[Syd2008]

Close to new town entertainment square and championship golf courses. 20 year old villas up north same price $210+.
LLL.

[sallyg]

Haven't seen a patio villa for $160,000 since about 2015. It's the Villages, prices always go up, and houses continue to sell like hotcakes.

[George Makrauer]

Originally Posted by geofitz13

I have been watching new home prices in the southern villages for some time. Ever since "connectivity" became a reality, a lot of those prices have skyrocketed. Not just a couple thousand dollars, but tens of thousands. Small patio villas under 1000 square feet were in the 160-170,000 range. There are, as of today, 25 under 200,000 and many more above that. "Regular" patio villas, over 1100 square feet, go for $225,000 and up. Cottages, verandas and designers are going for 20-30,000 more than just a few weeks ago. This has nothing to do with impact fees, it's strictly a result of connectivity. I worry about the affordability of housing here going forward. It is, of course, good news for those of us who already own.

Here's some info on the huge increase in lumber prices:
Lumber prices 2021 chart: Price of lumber up 188% amid wood shortage as home prices jump. When will prices go down? | Fortune

[vintageogauge]

Originally Posted by sallyg

Haven't seen a patio villa for $160,000 since about 2015. It's the Villages, prices always go up, and houses continue to sell like hotcakes.

You evidently weren't around in 2017 and 2018 when they were selling new Patio Villas in Fenney well below $160,000.00

[NoMo50]

A new home on our street, South of SR44, recently sold. The new buyers were told TV is now running 60 day closings, as opposed to 30. This was a result of so many homes being sold, and everyone in the closing process chain being backed up. Yes...the cost of construction materials has an impact on pricing, and so does hyper demand.

[richs631]

Originally Posted by geofitz13

I have been watching new home prices in the southern villages for some time. Ever since "connectivity" became a reality, a lot of those prices have skyrocketed. Not just a couple thousand dollars, but tens of thousands. Small patio villas under 1000 square feet were in the 160-170,000 range. There are, as of today, 25 under 200,000 and many more above that. "Regular" patio villas, over 1100 square feet, go for $225,000 and up. Cottages, verandas and designers are going for 20-30,000 more than just a few weeks ago. This has nothing to do with impact fees, it's strictly a result of connectivity. I worry about the affordability of housing here going forward. It is, of course, good news for those of us who already own.

I’m sure the connectivity has something to do with it but the prices of building materials is through the room. No pun intended

[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.

[DAVES]

Originally Posted by geofitz13

I have been watching new home prices in the southern villages for some time. Ever since "connectivity" became a reality, a lot of those prices have skyrocketed. Not just a couple thousand dollars, but tens of thousands. Small patio villas under 1000 square feet were in the 160-170,000 range. There are, as of today, 25 under 200,000 and many more above that. "Regular" patio villas, over 1100 square feet, go for $225,000 and up. Cottages, verandas and designers are going for 20-30,000 more than just a few weeks ago. This has nothing to do with impact fees, it's strictly a result of connectivity. I worry about the affordability of housing here going forward. It is, of course, good news for those of us who already own.

We all tend to focus on one thing. Nothing is ever that neat. Wherever, housing is rising
cost of land is up, cost of lumber is up, cost of labor is up, mortgage money is still at all time lows. Our previous home. We live there for 40 years. We sold it for 6x what we paid for it. WOW till I looked most everything else went up 6x and more over those 40 years.