Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#76
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Re: Real Estate Prices with excess supply
A house down the street just sold for 20% less than it did 2 yrs ago.
I think a speculator bought it in Dec 05 and walked away from it. At least two other homes on the block are empty also for probably the same reason.
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Da Chicago So Side; The Village of Park Forest, IL; 3/7 Cav, 3rd Inf Div, Schweinfurt, Ger 65-66; MACV J12 Saigon 66-67; San Leandro, Hayward & Union City, CA (San Francisco East Bay Area) GO DUBS ! (aka W's) |
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#77
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Re: Real Estate Prices with excess supply
It looks to me like the market will continue to decline for some time to come. I remember the 80's and 90's , it took a long time to recover, and the flow of people to TV has slowed. The east coast of Fl. has been devastated by the decline in buyers. This hasn't been felt to the same extent here, but it may unless things pick up. It is always a matter of supply and demand, plain and simple. Right now the banks are holding alot of bad paper (mortages), they have to some extent absorbed some of the housing price decline ( in effect). But at some point the market will stablize and this excessive debt will be removed frome the market. In the past this I believe was done by the value of the dollar going lower againt other currencies, and investors from other countries buying into the U.S.A. Look at Sony, Honda just to name a few but there are lots more.Sorry to ramble, bottom line, don't see the light at the end of the tunnel, this may take years to unravel in the mean time the only bright spot is road construction, everything else is declining
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#78
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Re: Real Estate Prices with excess supply
In addition to roads - hospital construction is currently booming in CA.
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Da Chicago So Side; The Village of Park Forest, IL; 3/7 Cav, 3rd Inf Div, Schweinfurt, Ger 65-66; MACV J12 Saigon 66-67; San Leandro, Hayward & Union City, CA (San Francisco East Bay Area) GO DUBS ! (aka W's) |
#79
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Re: Real Estate Prices with excess supply
So has anyone heard the TV foreclosure rate?
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Larry is from Brooklyn,NY, / Oakdale NY, / Forest Hills,NY / Oceanside NY,/ Long Beach NY, /South Freeport NY,/Garden Grove CA,/ Beverly is from Brooklyn NY, W. Hempstead, NY, Baldwin,NY and starting with Long Beach NY the rest with me. Wanabee future TVer |
#80
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Re: Real Estate Prices with excess supply
Quote:
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Kansas City, MO; Alamo & Albuquerque NM; Quad Cities; St Louis; DC ~ NOVA; Nuernberg; Heidelberg; DC ~ NOVA; Liberty Park ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ Life is like a sewer. What you get out of it depends upon what you put into it. ~~~~~~ And it's Munc"L"e, not Munc"I"e |
#81
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Re: Real Estate Prices with excess supply
According to this Olrando Sentinel website there are only a few home in TV in default:
http://www.orlandosentinel2.com/data...y=The+Villages |
#82
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Re: Real Estate Prices with excess supply
Quote:
This is my first try, hope it works. |
Closed Thread |
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