Re: The Villages-Long Term
If you think through exactly what the developers business really is, they will have a vested interest for a long time to come. Commercial real estate. Most of the stores and eating places are owned by them and rented out. Real Estate. When they first started, new home sales were 100% of their business. after a few years is was 20% resales and 80% new. Today it is getting closer to 50/50. Soon it will be 80/20 the other way. By the time they finish, it will be 100% resales. I would have to think they would be pretty dumb to give up that lucrative piece of business as they probably sell 75% of the resales in TV. Rentals. I believe other than private they have 90% of that business. So why would they go away? It would still be a huge $$$$$ business. My guess is there will be involved long after the last new house is sold.
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