Quote:
Originally Posted by Papa_lecki
The next generation of retirees will have more wealth than the last generation. The house they sell will be worth more, wages are higher, the stock market had bigger returns, defined benefit plans (with little COLA increases) have been replaced with defined contribution plans.
As long as the Villages adapts (and the last generation seems to not like all the adaptation being made) - but they are for the next gen, not the last gen
The economics are different.
This isn’t a coal mining town, the economy of the villages is based on not producing anything’s, except an active retirement - apples and oranges.
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It al depends on overall economic factors, just because a large number of people want something doesn't necessarily mean it will happen. The large number of people retiring are no longer part of the workforce, nonproductive yet still consumers, living on retirement plan income, savings, entitlement programs. The developer certainly tries to sell the "lifestyle" to as broad an economic segment it can but I think over the long term supply/ demand and economics will raise the bar as to who can afford to live here