Originally Posted by frose (Post 2010672)

gas will be 6.50 a gallon, milk 7.00 a gal, inflation @ 20%, tax rates at never before seen rate, housing will tank.. 6 months maybe 8, stock market crash and will take housing with it.. Remember 2008?? It will seem like a great time compared to what will happen now.

Originally Posted by jdulej (Post 2010686)

Not gonna happen. No way. Todays Fed is too active. I know some hope it does to make the current admin look bad but the pres really does not have the power - it’s the fed. Remember, the 3.5 trillion (over 10 years) bill being pushed is less than 1/2 the defense budget which everyone seems fine with going up every year with little to show for it

Originally Posted by merrymini (Post 2010496)

I would like to know where these 5 million people are now?

Originally Posted by Escape Artist (Post 2010705)

It won't be the last multi-trillion bill this administration will try to advance through the legislature.

Originally Posted by Packer Fan (Post 2010583)

Interesting question and nobody knows. A few notes.
1. I have "skin in the game" as I have a house in Fernandina that is strickly a rental in addition to my retirement home. I get calls weekly from Realtors, and the numbers are quite attractive. The fact I am not selling is partially due to what I will state below, but partially because I don't need the money right now, and will in 5 years. Plan on living in it for 2 years before I sell it. I hate taxes.

2. This runup in prices was caused by low interest rates, high demand, and low supply. Basic econ 101. It is NOT a villages phenomenon but is going on everywhere.
3. The Villages issue is compounded by the fact 10,000 baby boomers a day are retiring, but offset by the fact the developer builds a LOT of houses.
4. Low interest rates will rise, slowing buying, but not so much in the villages, since over half the houses are cash transactions.
5. High Demand will not change - Millenials are forming families at a VERY high rate, and in TV, retirements will continue strong for the next 12-15 years or so.
6. Low Supply may change in TV if the developer ramps up, but with low availability of people this may not change much. In the rest of the country, builders are VERY wary of building. They are still at below 70% of pre 2008 levels. They also can't find workers. My opinion is the build rate won't go up much.

Throw in the fact that lenders are NOT making anywhere near the bad loans they made in the housing crisis.

So my prediction is as follows - prices will level off to more normal increases. I predict 5-7% a year in The Villages, 2-3% everywhere else. There will be no crash. Those prognosticating that are basing it on a once in a lifetime crash in 2008. We might see a one year lull in prices where there is no inflation in TV in maybe 2023. Thats the most that will happen. I am keeping that extra house because it rents really well(because many rental owners have sold), and if it goes up even 2-3%, it beats cash and bonds......
TV real estate is also a good diversifier from Stocks and Bonds.
You asked, there it is.

Originally Posted by merrymini (Post 2011216)

The smartest gov in the country, newsom, just signed a housing bill which allows multiple homes to be built on a single family lot. That should help the situation in ca, zoning gets thrown out the window. His thank you to the people who kept him in office.

Originally Posted by manaboutown (Post 2010155)

It has been an amazing run! When will it stop? Then what?

Anyone care to opine?

US home price growth reaches new high for fourth consecutive month

Originally Posted by nick demis (Post 2011430)

Are you talking about the US home prices or The Villages home prices?

Originally Posted by jdulej (Post 2011239)

Check your California bashing at the door and check the actual facts. California is booming. Running budget surpluses and returning tax money to the taxpayers. But, affordable housing simple does not exist near the major urban centers. Something needed to be done, and his move to impact zoning is a good first step. I don't think you'll see concrete tenements going up in the suburbs any time soon

Originally Posted by TimeForChange (Post 2011859)

If builders can get the supplies they will overbuild and housing prices will go down. I spent forty years in the building supply manufacturing business and saw this happen numerous times. In 2001 this Country built almost 1.6 million new homes. Sheet rock, bricks, insulation, shingles and numerous other materials were in short supply and even on allocation to contractors. In 2008 the Country built half that many due to over supply.

Originally Posted by Escape Artist (Post 2011636)

California is not "booming". It has one of the highest unemployment and poverty rates in the country. Changing zoning at a state level is not something a governor should do and if he was really serious about improving housing stock he'd reduce state regulations, taxes and fees for new construction or any type of development which are among the highest in the nation.

If you think so highly of California, why did you leave and move to Florida, of all places? You should have stayed to enjoy all the benefits and bounty the Golden State has to offer (such as clean, well-run cities!) while reveling in Newsom's glorious triumph (paid for by special interests). :ohdear:

Originally Posted by jdulej (Post 2011239)

Check your California bashing at the door and check the actual facts. California is booming. Running budget surpluses and returning tax money to the taxpayers. But, affordable housing simple does not exist near the major urban centers. Something needed to be done, and his move to impact zoning is a good first step. I don't think you'll see concrete tenements going up in the suburbs any time soon

Originally Posted by merrymini (Post 2011216)

The smartest gov in the country, newsom, just signed a housing bill which allows multiple homes to be built on a single family lot. That should help the situation in ca, zoning gets thrown out the window. His thank you to the people who kept him in office.

Originally Posted by Robnlaura (Post 2010232)

Again a lot of chatter about a pending housing crash be careful of those fully vested in keeping home prices high realtors Zillow and realtor.com I believe we are in for a moderate correction. When gas hits $5 we will really be in trouble

Originally Posted by manaboutown (Post 2011921)

"But Ferrigno, for all his impeccable connections, has become fed up with what he describes as the 'dramatic decline' in LA. He and wife Carla recently sold their £3 million home in Santa Monica and moved into a 7,146 sq ft mansion two hours north of LA.

Carla says: 'One morning around 7am I opened the curtains in our beautiful Santa Monica home and looking up at me from our driveway were three gang members with tattoos on their faces sitting on our retaining wall. They were cat-calling me and being vulgar. I motioned I was going to call the police and they just laughed, flicking their tongues at me and showing me their guns.'

Her husband added: 'We put the house up for sale after 40 wonderful years and moved north. We feel lucky to have made it out. Now we are in a wonderful place and very happy.'"

From: Hollywood Apocalypse: The rich and famous are fleeing in droves | Daily Mail Online

Originally Posted by jbrown132 (Post 2010396)

Can’t wait for 10% CD’s

Originally Posted by terenceanne (Post 2010337)

Another housing crash is ahead IMO

Everything is in line with people buying homes they can't afford because of low mortgage rates, Salaries have not increased, Home valuations are at silly levels - here in the villages we have regular homes selling for $700's $800's or more - Villas at crazy numbers. We could not buy our own house at this point........

Originally Posted by frose (Post 2018514)

take off those rose colored glasses and look around.. gas 3.50, groceries up 25%, no cars at the dealers, empty shelves in the stores, back orders from amazon.. this will be very bad very soon.

Originally Posted by ThirdOfFive (Post 2018634)

One would hope not--but having lived through the Carter years I see some scary similarities between that time and now. Runaway inflation is a killer.

Along those lines...we are looking at investing in gold and silver bullion coins as a hedge against inflation. Can anyone recommend reputable coin dealers in The Villages? We've contacted one by Email whose website promised an answer "within 48 hours": this was a week ago and still nothing.

Originally Posted by Koapaka (Post 2018660)

Your best bet if you are serious about buying physical silver and gold would be Kitco.com. There you can order anything you want, but you will find that the premiums drive the per oz price up given the supply and demand, so it fluctuates.

Originally Posted by RICH1 (Post 2010218)

Buy a pup tent & ammo...

Originally Posted by davem4616 (Post 2018803)

or move to San Francisco...they'll give you a free tent...and you don't even have to wear a flower in your hair if you're going there anymore

Originally Posted by davem4616 (Post 2018803)

or move to San Francisco...they'll give you a free tent...and you don't even have to wear a flower in your hair if you're going there anymore