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Originally Posted by Dr Winston O Boogie jr
I originally heard that the plan was to convert 250 homes per year. I don't think that they did anywhere near that the first year. I understand that they've built 90 and have several more lots.
I believe that there are about 4,000 homes in the historic district. If the do 90 per year, that's only 900 in ten years. That would be less than 25% new homes in ten years. But, in addition to The Villages another realtor named John Porta is also buying up older homes and building new ones. Add in the number of people who are replacing their homes themselves and the number could be even higher.
The thing is that The Villages is restricted to those people who are interested in selling their homes. They are not knocking on doors making offers.
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Would it be financially worth it to sell a modular home on the historic side to The Villages, then turn around and buy maybe a resale elsewhere in TV?
The have been paying pretty well to take over the old lots right?