Quote:
Originally Posted by Schaumburger
This is a very interesting observation. I (I am my mid 50's) may be part of the future demographics (plus those future buyers now in their early 50's and 40's).
Just wondering...could you or anyone else be more specific regarding how the current model of TV may have reached or is soon to reach the end of its run?
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Also in my 50's
It's about sustainability currently it takes approx 55k homeowners to maintain the status quo. that means there has to be a steady influx of buyers that have the means and desire to live the country club lifestyle which is what TV amounts too. Due to changes in economic realities and lifestyle changes the pool of available buyers will decrease sharply. Face it TV is a urban area and becoming financially out of reach for many. Pensions systems are becoming rare and home equity is nowhere near what it was 25 years ago. Many here sold the family home for multiple times the original cost, Now a 25% increase in equity is more typical. Not to mention the hit savings have taken.
A smaller development with a reasonable price range can draw from those who still want to retire nearby but either don't want to spend $300k on a house on a 10th of a acre or simply can't. It used to be said you could move to TV for $100k those days are over.
Add in the fact that younger generations are less tolerant of a corporation being in control over their daily lives...