[Stu from NYC]

Originally Posted by JRcorvette

The Village homes are low quality and way over priced. That is why the Village Realtor’s will tell you that you are buying a Lifestyle not a home!

And you think that why? 140,000 or so people will pretty much disagree with you

[bcsnave]

Originally Posted by JRcorvette

The Village homes are low quality and way over priced. That is why the Village Realtor’s will tell you that you are buying a Lifestyle not a home!

you don't say, tell me more

[bcsnave]

Just because 140,000 people purchased homes in TV, ....it does NOT mean that some folks don't think the houses are overpriced or lower quality.

[Pballer]

Originally Posted by bcsnave

you don't say, tell me more

You get much more house for your money outside of The Villages so in a sense you are paying for the lifestyle. But it is like that for real estate everywhere - location is a big determinant of price. It is up to the buyer to determine if the tradeoff is worth it.

[Pballer]

Originally Posted by Stu from NYC

And you think that why? 140,000 or so people will pretty much disagree with you

I remember 2006-2008 when millions of people agreed that they should buy way overpriced houses.

[Stu from NYC]

Originally Posted by Pballer

I remember 2006-2008 when millions of people agreed that they should buy way overpriced houses.

What does that have to do with my post?

[Babubhat]

Originally Posted by JRcorvette

The Village homes are low quality and way over priced. That is why the Village Realtor’s will tell you that you are buying a Lifestyle not a home!

What is the basis for the statement. Goldwingnut has the expertise and would say the opposite

Thank goodness for the ignore list

[Stu from NYC]

Originally Posted by Babubhat

What is the basis for the statement. Goldwingnut has the expertise and would say the opposite

Thank goodness for the ignore list

He probably read it somewhere and took somebody elses word for it

[Keefelane66]

Originally Posted by Pballer

I remember 2006-2008 when millions of people agreed that they should buy way overpriced houses.

And people still haven't learned

[Caymus]

Side question- Does anyone know if the profit margin on a new Village home is more than the US average? I assume a company like Del Webb would know.

[manaboutown]

Originally Posted by Michael 61

Though interest rates have some factor on home sales here, it’s affect is quite a bit less than most other places, since so many here pay cash for their homes. The future growth in TV may fluctuate, but it will always continue to grow. TV is an outlier.

Yes but most need to sell their homes to folks who need mortgages, now at 7%+, in order to buy them.

[Bilyclub]

Originally Posted by Babubhat

What is the basis for the statement. Goldwingnut has the expertise and would say the opposite

Thank goodness for the ignore list

I know a few homeowners in St. Johns dealing with the warranty department that would disagree.

[Rainger99]

Originally Posted by Bilyclub

I know a few homeowners in St. Johns dealing with the warranty department that would disagree.

What is the issue in St Johns?? Is it the same issue or a variety of issues?

We had very few problems with the warranty department.

[Laker14]

Originally Posted by Michael 61

Though interest rates have some factor on home sales here, it’s affect is quite a bit less than most other places, since so many here pay cash for their homes. The future growth in TV may fluctuate, but it will always continue to grow. TV is an outlier.

I agree. I have been watching the housing market since my good friends bought in Largo in 2007 (I think it was then), when Largo was brand new, and Brownwood was raw land. The market was affected, but didn't tank the way "regular" housing markets did, and rebounded more quickly. When the COVID pandemic first hit the world, I was ready with cash to swoop in and buy my TV home, on a steep downturn in housing prices. The only problem was it didn't happen. There was a brief moment when I could have gotten a really good deal on a home right behind the home I was renting. It would have been a steal. However, my wife was not ready at that moment to make the jump, and as they say, he who hesitates.....
We did buy in 2021, not a "steal" but interest rates were low (2.75%), and it was jut before the market went crazy, so while we missed one great opportunity, we lucked out and got in before a big upturn in prices.

While other places may get big swings with national and world events, the swings here seem to be much more modulated, probably because the potential buyers have, for the most part, made their money and aren't affected by things like losing their jobs, or worrying about losing their jobs.

Originally Posted by manaboutown

Yes but most need to sell their homes to folks who need mortgages, now at 7%+, in order to buy them.

Also agree with this. To believe that a tripling of interest rates has zero effect, I think is ludicrous. And, I'm guessing, one place that it would have a great effect would be for those potential buyers who might be thinking of buying as an investment. 3x the interest rate would have a strong negative effect on the cash flow of a rental.

[Kelevision]

Originally Posted by melpetezrinski

This happened in "west" Deluna maybe 18 months ago, which was also not the best location. Although, I attribute that to people waiting for Richmond and once that quickly sold out, the houses started selling in Deluna.

This is a great area for those who want to be closer the turnpike ramp. You could go to Orlando or Spanish Springs in the same amount of time.