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Originally Posted by Shipping up to Boston
The developer is printing money here. Youre talking about a 35 square mile development with minimal inventory. They can afford to sit on the market from time to time. Help with closing costs....thats in bigger cities. Down here they know most are cashing out somewhere else and bringing it all to Happy Valley. Its a built in clientele.
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Great post. There are many people moving from large cities who sold their previous homes for one million +. Think NYC, Orange County California, D.C, San Francisco, etc. The Villages is much cheaper than the area they left. There are also high-earning professionals who are retiring to TV with large 401Ks. The developer recognizes this but still manages to build homes for all incomes. Thousands of homes are built UNDER the average nationwide price of a home. Amenity fees are kept as low as possible.
I believe the Developer gives everyone an opportunity to own a home in the Villages. He has no control of inflation, high interest rates, competition, lack of interest, greed, natural disasters, insurance, etc. Outside forces are responsible for the increasing costs to build a home, own a home, or to sell a currently owned. Large inventory sitting is the result. These factors are completely out of the Developer's control. Wisely, he does his best to ignore when needed and rise to the new challenges as they come along.