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baby boomers went until '64....still another 10 to 15 years of them coming. We may slow down appreciating at some point but they will still gain. When my dad passed away 8 years ago in Palm Bay his house lost half it's value in a year, here in the villages they just kept gaining and gaining.
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If you investigate you will find that people who live just outside The Villages own homes in TV as rental properties Why?
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I don't know, but I suspect it has something to do with the very high price of "lost" I.D. cards. |
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These retirement communities will have anywhere from 5% to 15% of homes for sale at any given time. Just depends. Out of our neighborhood of 50 homes there are only about 10 of us that are the original owners. They move for all sorts of reasons.
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Have you looked at resales of your model on the villages site? Personally, I'm looking outside of TV because I feel that the prices here have gone unrealisticly too high. If they keep going up, I won't be able to afford to purchase here. When I initially was looking at homes here, the colony patio villa was $139,000. That was in 2011. New ones now are $189,000. That's ridiculous. |
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Homes in my Villa section that were purchased in 2005 were flipped for as much as $70,000. more than they were purchased for a year earlier. I have a friend that purchased in early 2006 after she sold her previous home. Her home that she sold up north is now worth about $60,000 less than she sold it for and her Villages home is worth about $10,000 more that she purchased it for in 2006. She is well ahead of the game. The looser is the buyer of her home up north. My main point about appreciation is that no one has still stated any facts about the appreciation of homes in Stonecrest. No one has stated that they are aware of anyone that purchased and sold at any margin of gain. I feel that some may have and many have not. I could be incorrect. |
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