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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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After WW2, my dad graduated college & law school, and joined the FBI when a friend applied and found out it paid $5500/year!!! Later in the 50s, dad opened a law practice in our hometown, bought a 3-story home on a hill in town for $18k. When my parents passed, it sold for much more and lawyers made much more than $5500/year. Times change and wages, income, retirement, housing, etc. all go up. I bought my house 9 years ago for $121/sq ft, my neighbor just sold their house for $265/sq ft, and I hope I can do as well this year selling mine. For reference, my neighbor's house is 20 years old, not updated (but well kept), and it sold for more per sq ft than my new designer home in TV!!!
IMO, What TV REALLY NEEDS is to attract more physicians and open up TV medical facilities to all payors (e.g. government Medicare). Healthcare availability in TV is what I see as biggest issue. Access to healthcare will drive decisions of retirees.