Real Estate Mkt / Coronavirus

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  #16  
Old 03-17-2020, 06:33 AM
Byte1 Byte1 is offline
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Originally Posted by Chatbrat View Post
Absolutely, if the virus hits TV, and there are lots of deaths--heirs will be unloading the properties; especially if they have not intention of moving here and the big IF, who would want to live in a house that a person died from Coronavirus
Depends on the price of such house. I am sure that there are a lot of homes in The Villages where someone has died. A good deal is still a good deal.
  #17  
Old 03-17-2020, 06:46 AM
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Like a speed bump.
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  #18  
Old 03-17-2020, 07:05 AM
Drdoug49 Drdoug49 is offline
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Just saw infections disease expert on squawk box, this could be the new normal for the next 18months until we get a vaccine. if this is the case, demand for TV houses will drop off a cliff and prices accordingly
  #19  
Old 03-17-2020, 07:21 AM
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Another aspect, this is a maximum density community, a lot of houses are right on top of each other (akin to Levittown, right after the war)--the transmission of the disease once its starts will be rampant--especially for those living in high rise senior housing

Hope I'm wrong it won't be pretty--real estate value should be your last worry
  #20  
Old 03-17-2020, 07:28 AM
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Interest rates will be low, a good time to buy. Some people made lots of money selling off from the stock market. Not much else to do so go find that dream home.
  #21  
Old 03-17-2020, 07:36 AM
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Let me suggest a different scenario. Building of new homes will slow slightly but will still be more significant than other communities. Prices will remain stable. With mortgage rates at historic lows, some will partially finance their purchases which isn't done much today. The market will rebound. It is currently where it was 3 years ago and if you don't have to liquidate, there are many opportunities out there. During the last recession, the sky did not fall in The Villages.
  #22  
Old 03-17-2020, 07:37 AM
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[QUOTE=N44125;1728530]What do you think? Will the Coronavirus have an adverse affect on the Real Estate market? Will sales go down? Will prices be depressed?

Just curious....what ever happens will be temporary.
  #23  
Old 03-17-2020, 07:50 AM
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This Iris located across the street from me in Lake Deaton was listed at around $564,000 a month ago to then drop a little several weeks ago. Now it's listed for $499,000. It's dropping into the good deal range??

Homefinder - The Villages(R) Homes and Villas for Sale
  #24  
Old 03-17-2020, 08:02 AM
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Quote:
Originally Posted by tophcfa View Post
Better to own a whatever it is that does cremations. That seems to be the way things are going these days.
Let's keep up with the times: Washington to allow human composting to turn dead bodies into soil - Business Insider
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  #25  
Old 03-17-2020, 08:07 AM
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Quote:
Originally Posted by txfan View Post
I just bought a lot and they sure don’t go down. I guess I can watch inventory prices and switch to one of those, if desired!
You really don't buy a lot here you just reserve a space for potential build with in
1 year or it reverts back to the developer
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  #26  
Old 03-17-2020, 08:13 AM
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Quote:
Originally Posted by Bay Kid View Post
Interest rates will be low, a good time to buy. Some people made lots of money selling off from the stock market. Not much else to do so go find that dream home.
No matter how low interest rates go you still need green backs to pay the mortgage. Many new or pending retires nest eggs have dropped by 30% or more .
No matter how fast this pandemic passes recovery will likely be slow
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  #27  
Old 03-17-2020, 09:15 AM
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With a 15 year morgage around 2.75 percent why tap investments to pay for a house?
Even if you sold your house up north to migrate to FL, a morgage at these rates is worth considering. You can establish a nice emergency fund very quickly. Marketing people will be making buyers aware of this
  #28  
Old 03-17-2020, 09:25 AM
Drdoug49 Drdoug49 is offline
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“There’s never been a better time to buy”. Seems like some people on this forum are realtors. We are in a different paradigm, a pandemic that may come back after this summer. A vaccine is 18 months away What if TV becomes an epicenter of death, are people socially distancing here as trump says to
I hope Iam wrong, but housing prices could collapse here with our residents the majority of whom are virus deniers
  #29  
Old 03-17-2020, 09:26 AM
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Quote:
Originally Posted by Bay Kid View Post
Interest rates will be low, a good time to buy. Some people made lots of money selling off from the stock market. Not much else to do so go find that dream home.
Interest rates are going to be low for quite some time. Why would you run out now and buy a house Vs waiting to see what will happen to the market after this virus thing. House prices have not moved down or at least not drastically in the last month. There will certainly not be a demand for prices to rise in the near term future given the market loses and investors decreased ability to buy. Buying a house two months from now is almost guaranteed to be cheaper than today.
  #30  
Old 03-17-2020, 09:27 AM
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Quote:
Originally Posted by tophcfa View Post
Better to own a whatever it is that does cremations. That seems to be the way things are going these days.
I believe that is called a crematorium.
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real, coronavirus, estate, market, depressed

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