[buggyone]

Originally Posted by rubicon

boomers are from 1945 to 1954 if they retired at 62 be 2016 up until 2020

Not to quibble - but BabyBoomers began in 1946 and went through 1964.

[graciegirl]

Originally Posted by TrudyM

So the developer prices are setting the tone versus the overall market prices affecting the developer , you may be right there.

Who knows? I would guess that since he knows real estate he knows what he can sell his stuff for. Friends in Chicago just sold their house and made a LOT more money on it than they would have if they had tried to sell it last year.


Property is worth what someone is willing to pay for it.

[keithwand]

Prices are up in a lot of regions including FL. No taxes and warm climate. Our son sold his rental house in Houston in 2 days with 2 full price offers. Price was up considerably from a year ago and was his reason for renting it out.
2012 before building and moving here we got an offer on our Winter Park house and felt we should rent it out for $3,500 a month instead. 1 year later we sold it for 60K more than the prior year or 10 percent plus the rental income.
So you see it's not just TV.
Rates are low, people are retiring.
A friend that just retired in MI was told to purchase a house in FL 2 years ago by his financial advisor and now they are looking at higher prices.

[villagerjack]

Originally Posted by TexaninVA

In terms of saying loudly one has never lost, I personally would be reluctant to do that given jinxing my otherwise stellar track record. I'm also be concerned about the biblical injunction that pride precedeth a fall.

:

[justjim]

Originally Posted by graciegirl

You can't make a silk purse out of a sows ear.

It's been a long time since I heard that one!

[justjim]

Originally Posted by Yorio

Some of my friends who have houses on sale tell me that sales have slowed down and their houses are on the market for a few months. Perhaps it is because the price went too high in 2013. Pre-owned home price depends on what new homes are selling by the developers. Will be curious to find out what kind of prices will be put on spec. homes east of 466A in Fruitland Park when they build on the newest land acquisition. It is also true that many of my friends up north are getting tired of what's happening with current snow storms. It was 2010 snow storm in North East when we said, let's get something in TV. Also, curious to know when the last of the Boomers are retiring. As you know we are a community of 100M to max 120M. Yes, I know unless Morse family decides to think otherwise. Will we go the way of Del Webb? Who knows.

You make a very good point. I too have observed that the new homes in TV are up about 20% over the last 18 months or so. Resales generally follow the same trend.

Real Estate is all about location, location. Secondly, it's all about timing, timing.

I'm always skeptical of anybody who says they have predicated the future---in the past! Anybody can do that! That being said, history can tell us much.

Now, an easy future predication is----when prices get too high in TV (or anywhere else) they will come down. You can put that in your pipe and smoke it!

[justjim]

Originally Posted by JourneyOfLife

I have not looked into home prices in TV or how much they have increased.

But here are a few general observations:

1) Unless I intend to sell, property value increases just cost me money.... higher taxes, higher insurance costs, possibly higher fees.

2) Prices tend to reach equilibrium whether it is a bubble popping or fewer buyers show up that are willing to pay elevated prices.

3) There are substitutes! Always!!!!

4) If home prices are rising quickly and I felt like I was trapped with a second home over the last several years... I would be looking to unload it soon!

Journey: As one who has bought and sold several properties, you have made several good points.

Taxes will go up in TV shortly as the homes are reassessed according to the new market prices. There are some exceptions, however none for those who bought on speculation and either rent out or using it primarily as a vacation home.

There are other places close by that you can buy cheaper and get more house for the money. But if the "bubble" bursts (and that is an if) you could find your home values to be much less somewhere outside of TV.

My observation is that values did not decline as much in TV during the last downturn as it did in other communities.

[villagerjack]

Originally Posted by justjim

My observation is that values did not decline as much in TV during the last downturn as it did in other communities.

The reason for that is because of the large number of people who bought second homes since they did not have to sell their original home to buy in the Villages.

[Polar Bear]

Regarding any unpredictable financial market...stock market, real estate, etc...I think Will Rogers had the best advice you could ever get. Paraphrasing, he said...

"Don't gamble; take all your savings and buy some good property and hold it till it goes up, then sell it. If it don't go up, don't buy it."

[asianthree]

the market is driven by those who sell and those who buy..when the buyers will no longer pay the higher price then homes may level out...we didn't buy in 2007 due to the high $$$ on homes, but were very happy with the price on homes in 2010, and that's when we bought