Um, yes it is. Horribly in fact. My sister's been trying to sell her home for going on two years now with no luck. The housing market is absolutely awful. (And there's still the huge matter in Florida about home owner's insurance that's getting nowhere fast.)Also, Florida, in general, is not experiencing the economic downturn like other states.
It makes me kind of sad to see this. I've always thought of the WDW property as a retreat from the over-development and rows of McMansions I face at home. It seems with this development and the western way development underway that the outside world is closing in on the property. I understand the company's need to turn a profit, but will there be any open space left in the future?
It makes me kind of sad to see this. I've always thought of the WDW property as a retreat from the over-development and rows of McMansions I face at home. It seems with this development and the western way development underway that the outside world is closing in on the property. I understand the company's need to turn a profit, but will there be any open space left in the future?
I think it would be very easy for Disney to sell out that small amount of homes in such a unique space. There may be a housing decline for the masses right now, but there sure are enough people with a lot of money out there to snap these up.
Wow....I finally have something worthwhile to add...
I wonder how this would affect the Reddy Creek District. I was under the assumption that the amount of "residents" in RCD was strictly controlled so the regular folk wouldn't have a say in how things were run in RCD....is this land being carved out out RCD?
Will they take VISA? :ROFLOL:
There is not a housing / mortgage crisis for those that can afford to own a home and it is basically zero for those that can afford a second home. The foreclosures and credit issues are specifically centered around the sub-prime loans --- those people that should never have bought a house to begin with. Now, it's being used to fuel a frenzy to enact broader regulations.
Please... let's not buy into nor further the hype.
As for the OP... I predict it will be a huge success and they will have little trouble moving the houses. In fact, as mentioned, if you wanted and could afford the house, it would probably be a decent investment as a rental property.
You know, back in the day when Disney was building the whole area with the Treehouse Villas, they were intending to use them for residential properties. That idea quickly went away when they realized that state law said that these people would be able to VOTE on what happened with Disney property around them.
For that reason, I just don't see this happening............unless of course they've found some sort of loophole.
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