IMO I would not buy a home now but that easy for me to say because I’m already here You can wait, but more than likely your home up north has also increased in value

West??

No one can answer what is a reasonable question to ask. We went through it with our previous home. We bought it 40 years ago. We put down what my parents paid for a home roughly twice the size of what we bought. Our mortgage was 8.75%. I remember saying thinking it will never go up from what we paid. We sold it before buying in the villages for six times what we paid.

Woulda, shoulda, coulda, mighta. We, I could say the same thing about stocks and so many other things.

People tend to focus on one thing at a time such as the rise in price for a home in the villages. If, you own a home in Pennsylvania and plan on selling that , that too has gone up.

We have friends in the Pocanoes, or however it is spelled and they are happy. You can be happy or miserable anywhere.

Do your math. The market does not change what you can afford. Yes, prices have gone up because of other conditions. Those prices will always fluctuate because of other conditions. Will the prices come down. Who knows. But you will not find the answer on this forum.

Beware the “stories” like “we sold our house in two minutes,” “I made double what my house was worth two minutes ago.” Could happen, but not likely.

For the preowned homes north of 466 you usually won't have to pay a bond.

Do it now
 

Hello Susan. Are from Lancaster, PA? My husband and I are from Lancaster. In answer to your question, do it now. My sister, also from Lancaster, is moving also. She has moved up her timetable from Jan 2022 to next month to visit us to buy a home. Prices keep going up, but they are in PA also. So hopefully if you are selling a home in PA, the over asking price you receive will help cover the extra cost in The Villages.

Real estate and people's thoughts are both interesting. Our home is worth ?????? but no one will pay that for it.

Keep in mind if you build you have to sign a waiver they’re using aluminum in place of wood wherever they can and build time is 8 months. Buy a house 1-5 yrs old and get a better house and deal. I’m selling my house after 2 years as I’m moving north to cooler temperatures. Keep in mind that sales staff at the villages do not represent you they represent the owners of this place. They don’t negotiate pricing on your behalf. Good luck

Ohiobuckeye
 

Go to N.Y. City or California & check out homes there, you’ll feel much better then. Some places here in the Dallas/Ft. Worth area they’re used homes are selling for $100,000. more than they paid for them.

Exactly! In 20 yrs these houses will be family owned or damn near free since we have not replaced ourselves ( birth rate dropped) since the 60's.

Florida home prices go up and down a lot based on number of hurricanes and direct hits. Had a home in Boca that tripled in price in 3 years then after 3 hurricanes in 2 years, I sold it for less than what I paid for it.

Wonder what's causing that to happen :1rotfl:

The cost of the bond is figured into the cost of the home after it is fully paid. ALWAYS.

The huge escalation of prices of homes is happening everywhere in the U.S.


See this article from Forbes;
Home Prices Will Increase In 2021. Here’s Where You Might Find Value – Forbes Advisor

We all need to make our own decisions. I seem to be strange. I investigate, I make a decision based on the facts I have. I laugh at the logic I shoulda, coulda mighta. There are always opportunities we all regularly walk, drive, fly past them without seeing them or sometimes it is acting on them. Regrets, are a waste of time and do nothing positive for anyone.