Quote:
Originally Posted by Goldwingnut
The work won't be done for at least another 20 years, the workers know it and are pretty happy about the situation, job stability. I've spoken to many of the workers while out flying, some have been working with The Villages 15-20 years and love the job security that is here. And that's just the work that is foreseeable based on the land purchases that have been announced. One can be sure that there is more to come after that as long as the economy stays at least semi-stable and people keep growing older and want to retire.
And to think it all started with a trailer park and a dream...
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Not sustainable
Other variables such as the decimation of defined benefit plans, overall lower real wages, student loans etc. the Gen X's and Millenials, plus the current surge of returning to living in cities as a choice will weigh heavily on future retirement community construction. Here, much less age diversity within the "walls" than every other large housing area in the USA makes it much more vulnerable to the demographic swing.
I see a three year window of riding the price appreciation wave. IMHO
"The party told you to reject the evidence of your eyes and ears..."
George Orwell