Quote:
Originally Posted by justjim
With the cost of living in The Villages continuing to climb is it sustainable? We moved and purchased here 17 plus years ago. Some years prior, we met and shook hands with Harold Schwartz during our first visit. We have seen and experienced some “things” in The Villages.
My wife and I grew up in a coal mining town. I can remember going to “the company store.” The town was prosperous and growing until it wasn’t. The mines closed, many moved and the owners left town with most of the money. Population is half what it was. You could buy a house for a “song and dance.”
Will the next generation of retirees be able to afford The Villages? With insurance, taxes, amenities and maintenance costs continuing to climb will those on fixed income be able to stay in The Villages? What could happen to real estate values? In 15-20 years will the Developer close up shop, sell and leave? Is The Villages, as we know it, sustainable for the long haul? I can think of other scenarios but you see my point.
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It seems to me, if you want to retire in a warm-climate retirement community with things to do, you'd be hard pressed to find one more affordable than The Villages.
4.4 Million people in the USA will turn 65 next year. The largest number in history. As long as they keep making old people, The Villages will be a prime area for retirement.