Talk of The Villages Florida - Prices Going Up?

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Quote:

Originally Posted by ithos (Post 1831736)

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.

Typical Washington Post baloney and fearmongering about the retirement "Crisis". I was born in 1963, lots of my friends don't have Pensions, but they have HUGE 401k balances, Like 10 times our parents savings. Many are buying annuities to provide pension type income with some of it. Yes, in 20 years there will be less people retiring, but that is a long tail, and there will always be those with plenty of money.

Can TV home prices continue to rise at double the rate of income growth for much longer? With the youngest of the boomers about to retire and the oldest of the boomers reaching the age of their average life expectancy will demand decline enough to slow the rate of price appreciation?

Quote:

Originally Posted by STLRAY (Post 1832931)

The oldest boomers are 74 like me and I sure as heck hope I haven't reached life expectancy. I thought I had a few more decades left.

Quote:

Originally Posted by STLRAY (Post 1832931)

yes they can. Because TV is a small regional pocket, and not the national average(s). There are many factors which can cause a local / regional difference, climate, taxes, security, demographics to name a few. The question should not relate to income growth, because mostly retired people not buying with income money, as a generalization. So your correlation is not really relevant, both in stock to flow and regional vs nation.

sportsguy

I hope they keep increasing for everyone. I don't think they will. Lots of homes for sale on TV website. Lots of new homes being held back from the market by the villages. Combine that with quite a few more homes in the MLS, I think there are over 300 listed currently. Used to be right at 200, consistently. The real estate market is all supply and demand. Right now, supply exceeds demand. And I dont think it's close.

Quote:

Originally Posted by westernrider75 (Post 1831510)

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,

My understanding is that property values in The Villages have either increased or stayed the same annually since 1985. They have never gone down. The best time to buy here is always now.