Quote:
Originally Posted by vintageogauge
That's not true. There are/were very few middle class defined pensions that would support the purchase of a premier home down here unless they are coming from an area such as New York City, LA, etc. 10,000 boomers retire a day and only 6 of them choose to come here. Quite a few of the villas are purchased as rental properties, quite a few more are purchased by buyers who choose to keep their homes up north and they are therefore a great choice for a second home, and quite a few more are purchased by owners of designer homes that want to down size. Don't forget, there are villas selling well into the $300,000 plus range in Fenne and they are selling quickly, higher than many of the designer homes that are available. A month or so ago they released 35 lots in Fenney ranging in price from $99,000 to $139,000 and all of the more expense ones were sold in a matter of days, a few weeks later most all were sold. There is still a large demand for higher priced designer homes. There are only a handful of people that can afford a million dollar plus premier home on a view lot that would even consider spending that kind of money in TV. and there are still premiers sitting in Oceola as well as the Pines that can be purchased when those buyers eventually show up.
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I was referring to all but the designers.
A financially healthy retirement
is a three legged stool consisting of a pension, personal savings and social security. Unless you have the financial discipline to save over and above to make up for the lack of a pension, your retirement will not be as comfortable as your working
life lifestyle. That’s a fact.