Quote:
Originally Posted by mickey100
Its hard to say what will happen. Right now, everything is shiny and new. The lifestyle is here, as many mentioned. However, a terrific amount of money is spent on advertising and luring new buyers here. After buildout, that probably won't happen. The homes will age. Things will start to look dated. There will be a finite number of homes, but other retirement communities are popping up across the country, and I'm sure some of them will try to emulate The Villages, giving us more competition. That, along with the aging of our community, may work against The Villages home prices.
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I agree with you on all points, but I think that the long term trend will be a decline in values. I believe that the mortalitiy tables will effect us the most. The Villages has been selling more than 250 homes a month for many years, all to a tightly concentrated older population. In another 10 or so years, the mortality and "independent health" tables will kick in big time, and our Villages market will be flooded with homes available for resale. Hopefully the market can absorb 250 to 300 homes a month! That's going to take a lot of advertising and "keeping up the lifestyle!"