[Number 10 GI]

Originally Posted by vintageogauge

Actually you have your facts wrong. The first units were occupied in July of 2020, not one year ago and it has only been a little over a month since the final phase was completed and ready for occupancy so the current 85 unit occupancy is not bad at all. I don't know how you are coming up with $2500/month rent when they advertise 1 bedrooms for as low as $1,350 and 2 bedrooms as low at $1,705 without a garage and many residents could care less about a garage or may not even have a car, very few people will need a 3 bedroom so there probably are very few of them available. There are plenty of people in this country that prefer to rent and can do the math, to them owning a house is a hassle and they would prefer the ease of renting without paying property taxes, bonds, maintenance, and repairs and in this case the ease of walking to entertainment, dining, and shopping. If these were not making money for TV they would discontinue their efforts to add more units within TV, they did not go into this blind, they know exactly what they are doing. You asked if I would rent one and the answer is no. I never lived in an apartment and hopefully never will and I'm sure a large percentage of the population would prefer not to rent but there exists a large group that either want the ease of renting or cannot afford the down payment on a home so they have no choice. I applaud the developers for making the decision to add apartment living to TV and see no harm to the community in doing so.

We've also been in a pandemic for the last year and I would have to think that has had an effect on the occupancy rate. I've know a number of people who rent rather than own for all the good reasons you cited. I prefer owning rather than rent but it may get to the point I don't want all the problems of having to make a bunch of calls to get things repaired. One call to the landlord is a lot easier.