Quote:
Originally Posted by Goldwingnut
There is a lot more information available but time constraints made it necessary to condense and leave out a lot of details of this amazing puzzle of growth by The Villages. The amount of risk they have and are still taking in terms of dollars and resources is mind boggling. Most developers plan 3 to 5 years into the future because planning any farther involves too much risk. The Villages is planning 20 or more years into the future at considerable risk, imagine the devastating loss they would incur and the impact of the loss of over 10,000 construction related jobs in Sumter and surrounding counties if the bottom were to fall out of the retirement housing market. That takes a lot of faith to put one's future at such a risk.
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Low probability of this happening. People will continue to flee high tax jurisdictions with bad weather and unaccountable state governments. It was 30k cash savings yearly to move here. Combine that with freeing capital from selling old house and getting a new one for around half price. Earn risk free 5 percent on it.
The houses are perpetual ancillary revenue streams for the developer. It’s all about cash flow.
What makes Florida desirable