Reply to Florida more expensive than Great Falls? I don't know how anyone plans to retire there

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[quote=Anonymous]I will say that I have seen a massive increase in inventory from people that bought in 2021-2023 that are now looking to sell.

I don't know if they have to RTO to a company based elsewhere, or they just figured they would try to cash out on an increase...or what.

These are in places where the homeowners' insurance is not particularly high (mostly, Northeast Coast but a bit inland).

I follow some companies that provide housing market analysis and at least their advice is you need to buy in an area where new development can't sink your home value.  So, as an example...if you buy in downtown St. Augustine, it's not like there is a bunch of available land to build a new housing development (though you will always compete indirectly with developments 5 miles away).

Whereas, if you buy in some random cookie cutter subdivision, you are at the mercy of the deep pocket homebuilders that will offer all kinds of incentives and lower prices to move product.  Those are the places where you are seeing many homes selling for less than their initial sales price in 2022/2023.[/quote]

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