Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#1
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Prices Going Up?
We were planning on buying in TV in about 2 years, but are tempted to do it now because of low interest rates and what appears to be prices increasing by about 5-7% annually. Are the prices consistently increasing? Probably most in a new build or newer preowned,
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#2
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No one believes the truth when the lie is more interesting Berks County Pennsylvania |
#3
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Packer Fan Oak Creek, Wi Village of Hillsborough and Fernandina Snow Flake until I retire |
#4
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Is that 5-7% per year or for the total of the 6 years?
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#5
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per year look at a property on zillow and you can see the trend lines
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Identifying as Mr. Helpful |
#6
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Another factor not discussed is a likely increasing impact fee.
The impact fee is paid by the builder to the county and included in the home price, it will also be reflected in used homes as new homes are the competition. Currently it is artificially low due to shifting of the payment of the infrastructure bill (the purpose of the fee) to taxes. New commissioners will be elected which will correct that problem. Lowering taxes and increasing the fee. |
#7
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Supply and demand more and more people want to come so prices go up with higher demand.
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#8
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4.55% annual rate of increase
(320/245)^(1/6) = 1.0455 = 4.55%
However, the rate of increase may have something to do with retirement trends, tax rates and housing availability in TV and stock market asset accounts. Hard to disaggregate the effects, but if the trends continue, then 4% should be a minimum, with 5%-6% if labor inflation picks up, hardly likely. Labor inflation is different that product inflation. sports guy |
#9
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Quote:
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No one believes the truth when the lie is more interesting Berks County Pennsylvania |
#10
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yes, the prices are going up. 5-7% per year is probably about right.
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#11
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Now it is unlikely that they will be be able to completely roll back the tax increase. However since they will hold the majority they are in a position to increase the impact fee. |
#12
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What details#? The budget jumped 50 million one year . 25%
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#13
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Easily avoided by. A more normal impact fee
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#14
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Prices are going thru the roof
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#15
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But for how long?
This from a Washington Post article: Every day, 10,000 Americans reach the age of 65. (In 2024, that number will crest at about 12,000 a day.) And every year, fewer and fewer of them have traditional employer-sponsored pensions to support them. The system that was supposed to provide for them is shot through with holes. I believe there will be a point when the supply will definitely outstrip demand. Other factors are that subsequent generations will not have the same level of retirement assets. Also it is quite clear that the expansion of The Villages will never stop until there are no longer any buyers. Personally I plan on selling my home within the next 5 to 10 years. Maybe sooner if hyperinflation returns. Eventually massive budget deficits and exploding monetary expansion will force interest rates much higher. Last edited by ithos; 09-12-2020 at 05:40 AM. |
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