Quote:
Originally Posted by memason
If I were a developer, why would I stop building at the beginning of the baby boomer generation retiring? Seems to me, I would be buying up all the adjoining land I could find for future development.
No way would I stop at 44, unless I could not buy more land to develop...
Just my thinking.....
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I totally agree. There are some pieces of land nearby that seem to be "holdouts" - they may become part of TV at some point. Also, folks who have lived here awhile have told us that the total buildout has increased several times in the past.
If this does not happen, I think (putting on my Finance hat for a minute and JMO) that we will see some price increases. As baby boomers age, more and more will want to move to warm-weather locations. I also expect that there will be some "flips" in the historical section. However, I think our gains will be steady and sustainable - mainly because no more than 20% can be owned by persons less than 55 years old.
k
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Holyoke, Mass; East Granby, Monroe, Madison and Branford, Conn; Port Clyde, Maine; North Myrtle Beach, SC; The Village of Bonita (April 2009 - )
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