Competition may matter....
TV is a unique place for the moment at least. All of the 55 + communities I've seen lacked the scale of TV. The town squares with entertainment and stores, the emphasis on golf cart access, the many activities and clubs, the multiple rec centers & pools, the proximity of stores within TV, the well manicured common areas, the many "wild life" areas, the amazing amount of golf available, etc, etc, all of that will keep TV at the top of the heap when it comes to retirement lifestyle living at its finest. All of that to say that when the next generation of retirees come along there may be a glut in the 55 + homes available, but the characteristics of TV will keep it on the most desired list. Other, less unique communities will feel the glut more.
Of course, if the Morse family moves on, and develops something like this some place else, or someone else copies this , or someone even develops something better, TV's spot at the top could falter.
So I believe that 5 years out (or even 10) TV will still be an in-demand retirement community with the future generations still coming here for more.
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