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.
|
TV. Is still a cheap place to retire, especially if you live here year round and sold your more valuable home from the northeast or west coast, you’re ahead by hundreds of thousands of dollars
If your retiring now, you’ve never been richer when you count the value of your house and your retirement portfolio
Demographics favor retirement places like TV as oldsters favor a warmer climate with lots of activities. Greed could be their undoing, if that happens I’ll just move