Ask the residents in monarch Grove about having a beautiful view in their backyard then 5 years later(or less) having a house there because the “developers” bought the land and now your property value takes a nose dive. Remember TV does not guarantee the pond you buy on to have water in it in the future or not get stagnant, or that your beautiful view won’t become another house.
People are leaving Florida almost as fast as they were moving to Florida the last five years. You can see it in many areas showing up in the cost of short term rentals. I advise people to rent first when considering a move to Florida.
The Florida RE market in general is dying. Seems people all over the state who bought second homes are trying to get rid of them. Prices will only continue to drop. I went thru this same cycle around 2008 in CA, more specifically Palm Springs. Didn't get out soon enough
Unfortunately, people have short memories. It was a bloodbath for many back then. Let's hope we don't enter that scenario today because the leverage in RE is even worse today.
I have friends that bought on a golf course and within a few years the golf course went bankrupt and is now abandoned. The view is not what it used to be. Better check and make sure that the golf course is in good financial condition before you buy.
Really appreciate your honesty and information…thanks
Ask the residents in monarch Grove about having a beautiful view in their backyard then 5 years later(or less) having a house there because the “developers” bought the land and now your property value takes a nose dive. Remember TV does not guarantee the pond you buy on to have water in it in the future or not get stagnant, or that your beautiful view won’t become another house.
People are leaving Florida almost as fast as they were moving to Florida the last five years. You can see it in many areas showing up in the cost of short term rentals. I advise people to rent first when considering a move to Florida.
A great deal of home are over valued Its not the time to buy their at the villages
TV is great. There for a month last year. Thought long and hard but can’t afford it.
@@barbaraebner5889 prices across the south will be dropping. Give it time.
Be patient. Price declines are inevitable. FOMO buyers have remorse.
@@gilborealty I understand but we did one move from PA to DE. Our property taxes are extremely low. Rather rent in TV at this point.
The Florida RE market in general is dying. Seems people all over the state who bought second homes are trying to get rid of them. Prices will only continue to drop. I went thru this same cycle around 2008 in CA, more specifically Palm Springs. Didn't get out soon enough
Unfortunately, people have short memories. It was a bloodbath for many back then. Let's hope we don't enter that scenario today because the leverage in RE is even worse today.
The homes seem so overpriced, laminate countertops, bathrooms that need remodeling and a price of 500,000 plus.
The Villages | Inventory Surges, Rates Up, Sales Slump
I have friends that bought on a golf course and within a few years the golf course went bankrupt and is now abandoned. The view is not what it used to be. Better check and make sure that the golf course is in good financial condition before you buy.
Buyer beware is real.
$320k for a patio villa in 2024?
@@noreenn6976 asking price and sales price are two different things.
Outside the bubble? Euw ;)
ROFLMAO, The Villages, NOPE
I’m searching 55+ in central Florida. Where should I look?