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Hilarious
News straight from The Villages. Need I say more. If you need more cool aid, just read their paper and enjoy the day.
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I am in the camp that The Villages is going to continue to build, build, build, and people are going to continue to buy, buy, buy. They will keep on expanding South, this formula has not only worked for more than two decades, it's getting better.
Florida, as a whole, has three huge great things for retirees: 1. Weather 2. No state income tax 3. Reasonable property tax I think the fun is just starting and The Villages is less than 50% complete....it will be fun to see who is right. Whatever your opinion, enjoy every minute! |
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Why would they? They have a business model that works. |
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You have to look at the supply and demand in the here and now. A slight downfall does not mean the market is crashing but it is a cause for concern. High-interest rates, extreme weather which includes hurricanes, lightening strikes, and excessive heat, the highest insurance rates in the country, limited medical, and the generation of baby boomers reaching the retirement age coming to a close, does not help the numbers. But, no state income tax, a beautiful community, carefree lifestyle, low crime, and friendly neighbors helps the numbers. What is going to happen? No one really knows. Simply, be careful of looking at the Villages through rose-colored glasses. |
Well if people want to speculate on the southern area, I can offer one anecdotal example. I bought in Lake Denham. I was considering waiting for Eastport area. I only showed up in August to look around (had a rental) and see what was coming. When we drove through Eastport areas we didn't see much but flat land and not many areas that would be preserve type sites.
So we found a lot in Lake Denham that is on a preserve and a retention pond. We loved the lot and the house was suitable to our needs. So we bought it. But our lanai is empty. Our lights are off. We are a couple years from being able to move. We still work in Massachusetts. We will spend maybe 2 months total per year until we get there. I can say the interior lots aren't going as fast as our preserve lots went. But in just the past 2 days we saw 2 houses go from pending to sold and 2 more go from available to pending. That was just in our neighborhood. Not all of Lake Denham, but one area (seems like Lake Denham has about 6 of these areas I'd call a neighborhood. If they are still selling 350 per month, they are doing fine. They just have a lot of inventory right now. I'm sure lots of folks still holding out for Eastport area. |
Many things work in cycles. I would suggest that sales of houses in the Villages also come and go in cycles. It's interesting to note that sales of new Villages homes still have not yet reached the peak of Village sales that occurred in the years of 2004, 2005 and 2006. Maybe that is a good thing??
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I bought the house in the Villages, even at crazy interest rate, because every time we put our money into our retirement this year it disappeared in a day. Rather put it in the house. The house may end up our forever home and it won't matter as an investment, but either way seems like a better deal than the market.
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Ugly Market
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Agree! New home sales are doing better than preowned home sales and averaging 30 days on the market. The plan south of 44 was to double the size of TV and buyers are liking the new homes.
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Buyers in the South are buying homes and getting "more house" for their money. Buyers in the more established neighborhoods to the North, are buying lifestyles. Apples & oranges. |
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