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09-17-2008, 06:03 PM
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Poinciana Housing Market
I know there are Realtors on this Site..
so could one of you kindly tell me what the current Amount of Homes for sale in Poinciana are? I see homes going up on the Market here daily, it baffles me beyond belief because apprently Poinciana is one of the Hardest hit by the Slump! Thanks 
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09-17-2008, 11:18 PM
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It was one of the areas that sub-prime loans were pushed on people who couldn't afford the houses they bought.
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09-18-2008, 05:53 AM
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I know that , i have lived out here for a WHILE now Im not in that boat im in the boat that wants to get out but can;t!!!!!!
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09-18-2008, 06:05 AM
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A co-worker of mine finally moved out of his house down there. He paid $236,000 about 18 months ago. Before he moved out the house was just re-appraised by someone hired by his mortgage company for $86,000.
He has not had 1 offer for even a short sale. Now that he is gone it will likely go into forclosure. Oh, and he was living in the house for like 8-9 months without paying a dime.
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09-18-2008, 08:06 AM
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omg that is one huge drop in value...
i know people that are living in Foreclosed homes and not paying a dime either..but there are so many where do you start making them get out???????????
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09-18-2008, 08:12 AM
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Oh, the other thing was he told me that he took all of his ceiling fans\fixtures, appliances, and water softener (which came with the house included in the mortgage). He actually said and believes in his own mind that those items are his. He said "I paid extra for those upgrades, so I'm taking them with me".
A real class act.
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09-28-2008, 01:22 PM
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As of Friday, September 26, 2008, there were over 1,179 homes in the area I call Poinciana-proper. Today, a Poinciana home can be bought as cheap as $63,500.
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