[NoMo50]

Originally Posted by Papa_lecki

It’s profit taking and the explosion of new builds in the last 12 to 18 months.
New buyer must wait 12 months before they can sell, to keep 100% of the profit. We are hitting that time for all the new builds around Richmmond.

In addition to having to wait 12 months in order to keep any profits, one must wait 24 months in order to avoid paying federal taxes on the capital gains.

[Ignatz]

Originally Posted by egmcaninch

My personal opinion: 1) High & increasing amenity fees with irrigation, garbage, etc. 2) High property taxes; 3) An insane insurance market; 4) For many years, people move because of health reasons - to be closer to family. These are the things that would motivate us to leave.

While I don’t really care what a couple of chuckleheaded you-tubers have to say, I do agree with points #2 & #3 that this poster made.

Taxes and insurance in TV may be less than many paid where they came from, a lot of us from the mid-south paid far less and the current rates here outdistance the expectations we forecasted.

So the only impact of home prices for us is how much the kids can sell our place for in the estate.

[spinner1001]

Originally Posted by TommyT

I've turned into a YouTube junky. This week I've seen two realtors talk about the explosion of resale homes in the Villages. Each realtor stated they have never seen so many homes on the market.

So my question is is it the taxes both city and county or combined? Is it the amount for bonds? Is it the amenity fees going up? Is it the maintenance fees going up? I've read where people are saying the Villages "IS NOT" the Friendly villages it was at one time....

I dunno. Educate me please...

You are assuming what the two realtors said on YouTube is true. Hint: those realtors are selling something.

[Shelbyh]

Originally Posted by TommyT

I've turned into a YouTube junky. This week I've seen two realtors talk about the explosion of resale homes in the Villages. Each realtor stated they have never seen so many homes on the market.

So my question is is it the taxes both city and county or combined? Is it the amount for bonds? Is it the amenity fees going up? Is it the maintenance fees going up? I've read where people are saying the Villages "IS NOT" the Friendly villages it was at one time....

I dunno. Educate me please...

Yes it may be true more homes are on the market. I think it has something to do with all the new construction. All this year the villages has sold 1k homes a month not including the MLS.
Realtors on YT make a big deal or have shocking headlines to get clicks and likes. was watching one of them prior to us buying here this channel was informative now it just says outrageous things for clicks and likes.

[RoseyRed]

high dollar something too!

[Rocksnap]

If no one has noticed the housing market for the last 5 years, prices went up up up, across the nation. Obviously that’s not sustainable.
What goes up, must come down. Did we hit the top of the bubble, and now the crash?

[Markus]

The more houses that are built the more will be for sale. The question really becomes what percentage of all homes that exist vs number of homes for sale. That is what needs to be tracked. There are many reasons why a home is for sale. What makes it difficult is getting MLS and VLS numbers.

[G.R.I.T.S.]

Originally Posted by TommyT

I've turned into a YouTube junky. This week I've seen two realtors talk about the explosion of resale homes in the Villages. Each realtor stated they have never seen so many homes on the market.

So my question is is it the taxes both city and county or combined? Is it the amount for bonds? Is it the amenity fees going up? Is it the maintenance fees going up? I've read where people are saying the Villages "IS NOT" the Friendly villages it was at one time....

I dunno. Educate me please...

People die. Kids either don't want the house or already live here and don't want the house. People move to newer homes, don't want the house. Houses in my village seem to move rather quickly, so I don't really see a "problem" with the Villages. Been here 20 years.

[jimjamuser]

Originally Posted by TommyT

I've turned into a YouTube junky. This week I've seen two realtors talk about the explosion of resale homes in the Villages. Each realtor stated they have never seen so many homes on the market.

So my question is is it the taxes both city and county or combined? Is it the amount for bonds? Is it the amenity fees going up? Is it the maintenance fees going up? I've read where people are saying the Villages "IS NOT" the Friendly villages it was at one time....

I dunno. Educate me please...

One person responded that the SUMMER HEAT is partly to blame. People that are smart are relocating farther north than Florida due to Global Warming causing each succeeding year to be hotter. 2024 worldwide is the HOTTEST on record and it will get worse. A person needs to know about that BEFORE they buy ANYWHERE in Florida.

[graciegirl]

Originally Posted by TommyT

I've turned into a YouTube junky. This week I've seen two realtors talk about the explosion of resale homes in the Villages. Each realtor stated they have never seen so many homes on the market.

So my question is is it the taxes both city and county or combined? Is it the amount for bonds? Is it the amenity fees going up? Is it the maintenance fees going up? I've read where people are saying the Villages "IS NOT" the Friendly villages it was at one time....

I dunno. Educate me please...

I guess you could call me a "You Tube Junky" too. BUT..........you must carefully analyze what you read and the motive of the poster. Most local realtors are somewhat chagrined about not being "allowed" to sell new builds, so right away I am always somewhat skeptical about any negative posts I see from a realtor about Villages homes for sale. We have had three homes for sale in our small village in the last three months and two sold in under three weeks and one was removed from the market.

[ElDiabloJoe]

Originally Posted by jimjamuser

One person responded that the SUMMER HEAT is partly to blame. People that are smart are relocating farther north than Florida due to Global Warming causing each succeeding year to be hotter. 2024 worldwide is the HOTTEST on record and it will get worse. A person needs to know about that BEFORE they buy ANYWHERE in Florida.

I glanced this over before I saw who authored it, but I knew immediately who authored it.

Climate change is not a myth, however, it is also a naturally occurring phenomena that has been occurring since the earth formed.

What you should focus on is population control. Too many people equals the using up of too many resources. At some point, the population burning through natural resources will out pace the earth's ability to replenish said resources. Then we will have an issue worthy of the fervent attention some give to global warming.

[GoRedSox!]

Things are normalizing now that we have emerged from the pandemic. The supply and demand equation was way out of wack during the pandemic.

A few other things....pandemic work-at-home ability allowed a number of people to relocate to FL before retirement. Many of those companies are no longer allowing unlimited work-at-home arrangements. Amazon just announced all their employees have to be back in the office 5 days a week by January 1.

I think that worries about increases in cost or availability of homeowner's insurance is on buyer's minds.

That being said, just because the market has a much bigger inventory does not mean that it is in trouble or in serious decline. I think it is returning to more normalized levels. There are still a lot of homes being sold here, both new and pre-owned. The Villages doesn't appear to be slowing down on their new home builds. I think that it's just not a huge seller's market anymore, buyers are back on level ground.

[RoadToad]

Originally Posted by Rocksnap

I

What goes up, must come down.

Actually that's a rule of Gravity, not Economics..

[PersonOfInterest]

Originally Posted by TommyT

I've turned into a YouTube junky. This week I've seen two realtors talk about the explosion of resale homes in the Villages. Each realtor stated they have never seen so many homes on the market.

So my question is is it the taxes both city and county or combined? Is it the amount for bonds? Is it the amenity fees going up? Is it the maintenance fees going up? I've read where people are saying the Villages "IS NOT" the Friendly villages it was at one time....

I dunno. Educate me please...

In time this will change. The Real Estate market fluctuates due to many environmental and economic factors.