Quote:
Originally Posted by The Shadow
I discovered TV in 1988 that was pre senior days for me. After that day it was my opinion Mr. Schwartz had built a community that no government to this day has had the ability to duplicate. SS was nearing completion at that time. People of my young age of 48 at the time would dream of some day after a product and successfully work career, of moving to the TV to live life in paradise. Some people were more successful than I for sure. Some people came to paradise and purchased homes that cost a half a million dollars plus. At appears those people can afford a large serving of paradise.
All this brings me to a question that has been on my mind since the IRS reared its ugly head. The high achievers, the ones that can afford the best, the ones that excel in business, why does TV real estate have 22 pre owned houses ranging from $500,000 to $850,000 listed for sale? Are the money wise people jumping ship? Are they getting out while the getting is good?
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I expect you have people moving for the typical reasons that others in lower finanancial categories move - be closer to grandchildren, death of spouse, etc. And people who choose to spend their money on the more expensive homes may decide they'd rather build new instead of buy pre-owned, so they can get exactly what they want. I know of one couple who bought a new, expensive home, didn't like the neighborhood, put the house on the market and are building a new home in another area of The Villages. I looked online at some of the $500,000+ homes , and a number of them are on the north side, and appear a little dated in their decor, which will make them less desireable. At least one of them, at over $500,000 didn't even have granite countertops. Some of the other premier homes in Bridgeport, while high priced, and large square footage, are rather close to neighbors, and don't have any kind of view. The people probably paid too much a few years ago, and are pricing the homes too high now, so the homes are remaining un-sold. And of course, their are fewer potential buyers at that price point.