Quote:
Originally Posted by twoplanekid
If they were to sell 48,000 new homes at the rate sold in the past three years, it’s going to take around 20 years. Increasing the sales rate by 50% would reduce the years to 15. However, as the Villages grow so does the number of preowned sales which eats into the new home sales number. Last year, the number of preowned home sales was larger than new for the Villages sales force.
As Village growth plans are usually not foretold for the next 10 or more years, I am a bit surprised by all of these land purchase announcements. Maybe we will all be surprised by a different community to be built on some of these lands?
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My guess would be that it’s harder today than 10 or 15 years ago to keep secrets such as large land purchases. Better to try to put a positive PR spin on it than let rumors and speculation fester. There is obviously a 20-30 plan in place and the land needs to be purchased to support it and it will only get more expensive with time. Better to buy now and fill the gaps in than risk competition getting in the way.