[Normal]

Originally Posted by Aces4

I fail to understand why the Fed should cut interest rates since they are really where they should be or maybe a percent or two higher. When did "free money" to buy anything you want become the norm? And please don't tell me 1-3% doesn't equate to free money. It's price of homes that needs to adjust and drop accordingly.

I agree, why cut rates at all? They won’t till the fall or even at all this year. The new norm is setting in and prices have to be driven down in homes. Those who bought in 2020 or 2021, Merry Christmas if you borrowed at 2.5%. Those days are long gone now. Nobody is going to pay those loans off early. Interest rates need to stay in the 7-10% range.

[vintageogauge]

Originally Posted by Normal

The average or sometimes called the mean can be very misleading with so many outliers. The current market is influenced by aggressive price cuts. The price cuts do help more houses move in fewer days.

What I have found very interesting about Florida retirement housing markets are the similarities. Take a look at Sun City by Tampa. It showed slowing signs about 2 months ago and now inventory is climbing through the roof. If what has happened in the past holds true, it will be a blood bath soon for sellers here. It will be a 100% buyers market.

This is not similar to what has happened in the past. The last time loans were being given to anyone, even those that they knew could not afford them and the prices sky rocketed on homes. Fast forward a couple years they were all in foreclosure, tons of vacant homes hit the market, and the prices tanked. That is not the case here, Prices are high due to inflation, and lack of inventory. There are thousands of buyers out there waiting for rates to come down that will jump in and buy at the current high prices as soon as a rate drop happens, if it ever does. 7% is still a bargain when compared to rates 30 years ago.

[Aces4]

Originally Posted by vintageogauge

This is not similar to what has happened in the past. The last time loans were being given to anyone, even those that they knew could not afford them and the prices sky rocketed on homes. Fast forward a couple years they were all in foreclosure, tons of vacant homes hit the market, and the prices tanked. That is not the case here, Prices are high due to inflation, and lack of inventory. There are thousands of buyers out there waiting for rates to come down that will jump in and buy at the current high prices as soon as a rate drop happens, if it ever does. 7% is still a bargain when compared to rates 30 years ago.

I think what is being missed is that one of the reasons interest rates are manipulated over time is to force people to put their money into the pyramid scheme, ah.... stock market, to make any type of gains. One cannot be elected if the stock market is bottoming to it's actual value.

[Jayhawk]

Originally Posted by Robnlaura

That’s how the developer builds all those nice golf courses and dance areas. O and he charges you another fee to use those facilities!! You don’t think the builder builds nice areas for nothing lol

Why would they? Why would anyone with half a brain?

[Robnlaura]

Originally Posted by dewilson58

Wrong, close by no cigar.
(actually, not even close)

Bonds funded: Infrastructure includes storm water systems, underground pump stations, water retention areas, curbs, gutters, streetlights, transportation trails, underground piping, etc.

Wrong answer

In The Villages, property bonds are used to finance many of the community's amenities, including golf courses, recreation centers, and swimming pools. When a new facility is proposed, the developers of The Villages will issue a property bond to finance its construction. The bond is then sold to investors, who receive interest payments over the life of the bond.



I guess you forgot the “ect” part. This is all about infrastructure period.

[Robnlaura]

Not sure why no one understands what a cdd pays for.. What is the Community Development District in our community specifically responsible for?
The CDD may provide the following publicly-owned elements:
Recreation, Executive Golf Courses, Public Safety, Neighborhood and Village Watch Services, Gate Houses
Off-site road improvements, streets, sidewalks, street signs and street lighting. This will be transferred to the County for maintenance
Water management. Including main line irrigation, lake and water control structures
Conservation areas
Water and sewer facilities, which will be transferred to the appropriate franchised utility
Landscaping and entry features

[Robnlaura]

Florida created CDDs, a particular kind of local government, to make it easier to finance and manage infrastructure and services in planned communities. To finance the construction of infrastructure, such as roads, water and sewer facilities, stormwater management systems, and recreational amenities, CDDs, as special-purpose governmental units, have the right to issue tax-exempt municipal bonds. Notable CDDs include the Reedy Creek Improvement District, the location of Walt Disney World and currently the center of a power struggle in the State of Florida, as well as substantially all of The Villages, the giant Central Florida retirement community.

[dewilson58]

Originally Posted by Robnlaura

Wrong answer
.

Just cut and pasted off their website.

Go read it and educate what THEY SAY.



Hope your day improves.................not enjoying the hatred.

[dewilson58]

Originally Posted by Robnlaura

I guess you forgot the “ect” part.

Did not forget, jus don't know what "ect" is.

[Robnlaura]

Originally Posted by dewilson58

Just cut and pasted off their website.

Go read it and educate what THEY SAY.



Hope your day improves.................not enjoying the hatred.

I have had a great day laughing at…

[Robnlaura]

Originally Posted by dewilson58

Did not forget, jus don't know what "ect" is.

Right at the bottom of the villages story .. this is about infrastructure! Pretty good explanations out there.

[vintageogauge]

Originally Posted by Aces4

I think what is being missed is that one of the reasons interest rates are manipulated over time is to force people to put their money into the pyramid scheme, ah.... stock market, to make any type of gains. One cannot be elected if the stock market is bottoming to it's actual value.

Investors can take their profits and run anytime they wish. Also one WILL be elected if the stock market has bottomed, no doubt about it.

[jlejsek@sbcglobal.net]

Originally Posted by Altavia

Villages real estate
market update
first quarter 2024

Thank you for sharing. We are looking to buy in Eastport!

[Altavia]

Originally Posted by jlejsek@sbcglobal.net

Thank you for sharing. We are looking to buy in Eastport!

They've broken ground for about a dozen new Villages within 3-4 mi of Eastport that are in various stages of site prep and construction.

They historically complete about 3 Villages a year, so they likely will be building in that area the next 3-4 years.

Good luck!

[Aces4]

Originally Posted by vintageogauge

Investors can take their profits and run anytime they wish. Also one WILL be elected if the stock market has bottomed, no doubt about it.

Yeah, I should have said re-elected if the stock market tanks around November in an election year.

An investor can take what is currently left of his investment in a down year and run. I agree.