For those who PAY OFF the bond then find themselves moving within a year or so, recouping is wanted. Especially with higher bonds.

Completely agree. There have been quite a few, lately. I did not want to post addresses. Those who really want the truth can easily find it on MLS.

Some posters have lived in their homes for years with no intention of moving. They are happy and content. This is new information for them and depending on how long they have lived in their home it probably doesnt affect them. New buyers need to be aware. And, it is not wise to purchase a new home in the Villages thinking the one you currently own will sell quickly. I know 3 people who are stuck paying monthly payments on two homes. It is best to move with caution and eyes wide open.

You are the one who wrote: the loan payment (principal and interest) should be added to the tax basis of the home.

Nice try but you were wrong.

Certainly
 

You are correct, there is no need to post addresses forever. Some have drank way too much cool aide. Like I saw in another’s post though, “Facts are a stubborn thing”. Think of how ugly it is down in Dabney and Lake Denham. Living next to a neighbor who paid 10 of thousands less for almost an identical house.

We are spending time on MLS and VLS looking for patterns of the types of homes suffering a loss. We will not buy until we have a better understanding. Time is on our side. It is not likely the market will suddenly reverse itself anytime soon. Knowledge is power and Kool Aid tastes bitter when the party is over.

Doubtful, if they initially bought the house new...

Now, if they bought a resale at the ridiculously inflated Covid prices, I'd tend to agree...

Two examples is hardly "numerous"...

And checking your examples, those were both resales, which jives with my previous post...

And one of them appears to have been purchased by an investor, since it immediately went up for rent after the purchase...

I'm sure everyone is so petty that they compile a spreadsheet, listing what all of their neighbors paid for their homes...

You do not have to take time to make a spreadsheet. Simply go on VLS. Over 250 homes were discounted in Lake Denham and Dabney in January. The new prices are bright red in color. Doesn't take a genius to find them. This can be done in mere minutes. It is far from a stressful task

The sales in Moultrie Creek seem to be quick and stable. Maybe the Developer has changed his plans in order to keep it this way. I doubt he wants to deal with needed price reductions like Lake Denham and Dabney. But, as we all know, well-laid plans of mice and men often go awry. We are not willing to gamble our money to see which way this goes. The end of summer will probably be a good indicator. We have no problem waiting until then.

Most people that aren't of advanced age don't use realtors to sell a home in an active market like here in the Village. We use Zillow or other sites that cost close to zero. It would never occur to me to use a realtor to sell a home. That's for older boomers to waste their money on. I've observed homes on my street and adjacent up for sale by owner and by agents. The ones that used an agent sold their homes no faster at all.

Not likely anyone has the time or patience to type ALL the homes that were sold for a loss in the past few months. A few examples proves the posters who stated "no one loses money on their house" are wrong. If you want more examples, simply look on MLS. The facts are there for all to see.

NEW HOMES have sold for a loss. or with big reductions. Some newer villages seem to suffer that fate more than others. This market is a crap shoot. As we have seen in Denham and Dabney, even for the developer. A person would be a fool to buy recklessly in this market. Or, maybe they have tons of money and simply do not care.

You have no idea how many wanted the same home or model or lot in Moultrie Creek. Your friend was beat out 5 times each by ONE BUYER. Only ONE BUYER gets an opportunity to purchase and close on a home. I would tell your friend to get another sales rep. Apparently, several are quicker to act when a home is made available for sale. The first sales rep to get the ball rolling usually gets the sale.

It is standard operating procedure for a sales rep to tell a buyer he has a few hours to purchase a home that has recently come available. If the potential buyer does not commit within the few hours, the home is made available to others. This does not necessarily mean there are 200 or ANY buyers waiting breathlessly to steal it away. It simply means a sales rep is not permitted to hold a new home unlisted longer than a few hours. A listing must go public after that time frame. Otherwise, new homes will sit for days or possibly a week, then suddenly the buyer backs out. This few hour time frame protects the Developer. It is not meant to force a buyer to commit to a home in fear of losing that home or others that may come available.

The number of people you believe is in the Moultrie Creek lottery may only be in your mind. Perhaps one person wants the same home as your friend. Could be 3 or 4. I could even see possibly 10. 200 is a stretch for me to believe. Need proof? If what you stated is true, why are there over 100 available homes listed on VLS for the Village of Moultrie Creek? If there are HUNDREDS of ready to pounce buyers, dont you think the homes would have been sold without the need to list? Or, at the very least, there would be far less than 100+ homes available?

Could it be your friend simply felt a need to rush? Recently, Villagers received an open invitation to tour the new model homes. Perhaps your friend misconstrued this to mean there were hundreds of buyers? Not simply visitors?

We saw this in February. Looking forward to a nice month of golf, food, fun and friends.

That would be a deal breaker for me too. Why should I pay that? The bond makes no sense to me.

I wonder if this will ever be posted like previous quarters, such as
Q4 Market Update 2023