[villages07]

Boomer,

I believe you are referring to sales contract language that stated if you sold your new house within the first year, any profit above the original sales price would go to the developer. That language in itself might discourage some speculators, but, it is essentially a moot point since values have not gone up in the last couple of years. I think the bigger reason for so few foreclosures in TV was the developer's requirement for 20% down payment... that really scares off speculators and encourages responsible home ownership.

As to the original question, I think you will see further repercussions from the national economic woes here in TV....maybe not too deep, but, will be noticeable. Rental contracts cancelled; restaurants not quite as busy, folks who've been here awhile on non-indexed pensions struggling to afford ever increasing costs (amenity fee, food costs, energy costs). Folks who are managing their own retirement fund seeing their overall value erode and worrying how long their money will last. Folks still maintaining 2 houses and finding it increasingly expensive to do so and getting rid of whichever one will sell first. In my humble, and nonexpert, opinion, economic troubles will be noticeable here but not crippling. Stores and restaurants will continue to come and go. That new big strip center across from Home Depot may struggle to attract tenants and customers...it may be an example of too much commercial building. Time will tell.