Quote:
Originally Posted by NYGUY
Actually there will be no snowbirds, since the "apartments" will be Assisted Living Units which command high rents.
|
Justjim was referring to the 400 "bungalows" (i.e., villa-size lots) with "picket fences" (i.e., no privacy) that they expect to rent for $3000-$4000/month on year-round 3-year leases. This shows me that WholeLife has not done its homework. Why would anyone want to rent one of these when they can rent a premier home in the villages on a long-term lease for $2500, with all villages amenities? Or a bungalow villa with a water view for $2000? Or an ordinary villa on a long term lease for $1000-$1500 (all with Villages amenities)?
WholeLife is based in Texas and seems to be using suburban Dallas to set their rent expectations and their 6-story apartment building concept. They are dreaming.