Villages Nearing Build-out
Hey everyone. There seems to be a lot of people I run into who still feel The Villages will build for many years to come. Then I go to a customer appreciation party and speak to not only my sales rep but other reps who had been invited and they say approximately 24 more months of building and then it'll all be re-sales. The eternal optimists will say 'yeah, that's been said a hundred times but The Villages buys more land and keeps going. All that land south of Hwy. 44 is vast and expansive. They'll just jump 44 and go all the way to the turnpike.'
My question is this: does anyone KNOW if any property south of 44 is owned by The Villages?
When you look over the years The Villages has gotten away from certain aspects. For example, the Transportation Department is privately operated. So is Hometown Property Management, the furniture stores, a portion of Citizen's First Bank, The Insurance companies, country club restaurants. The Design Department has all but been eliminated since everything is back to spec homes (you can't reserve a lot and build.)
My thought is this. I would imagine paying a leasing company to make sure all the commercial property is occupied to me would seem to be less work than being intimately involved in the day to day operation of developing. This is a privately owned company so anything can happen on any given day. It could all stop tomorrow (although we know it won't) but how do the optimists 'KNOW' The Villages won't stop in 2 years?
Thanks.
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