Do you wonder where the demand for TV homes comes from?

[CoachKandSportsguy]

Here is both the discussion article and the graph, which calculates the percentage of retired percentage of the US population over the last 10 years. . .

there has been a huge baby boomer retirement party starting in 2011 time frame, partly due to the GFC, and partly due to age. 2011 - 65 = 1946, what ended around that time / or began at that time?

so back of the envelop, 4% increase in retirees on 300M citizens = an additional 12M retirees, with retirement accounts which has never happened in the history of the USA, since retirement accounts were created with ERISA in the 1970s.

Now look at the huge jump starting last year, due to layoffs and burnout and wanting to enjoy the golden years. . . Given that if you collect social security and you earn more than like $20K over, there is a very high tax rate on the greater than $20K additional earnings, (up to 50%) so either work or retire, but doesn't pay really well to do both with alot of both.

What Has Driven the Recent Increase in Retirements?



- Federal Reserve Bank of Kansas City (https://www.kansascityfed.org/research/economic-bulletin/what-has-driven-the-recent-increase-in-retirements/)

see the attached graph . . .

that's data proof that there is a large opportunity for the developers, and for the area to need many more golf courses than are currently available

data guy

[Gpsma]

Forget the golf courses...waste of land and resources on a dying game. Better use of land would be apartment houses.

[Velvet]

Weren’t the golf courses for water management for reclaimed land to build on? They’ll be built where necessary, I think.

[Topspinmo]

Here is both the discussion article and the graph, which calculates the percentage of retired percentage of the US population over the last 10 years. . .

there has been a huge baby boomer retirement party starting in 2011 time frame, partly due to the GFC, and partly due to age. 2011 - 65 = 1946, what ended around that time / or began at that time?

so back of the envelop, 4% increase in retirees on 300M citizens = an additional 12M retirees, with retirement accounts which has never happened in the history of the USA, since retirement accounts were created with ERISA in the 1970s.

Now look at the huge jump starting last year, due to layoffs and burnout and wanting to enjoy the golden years. . . Given that if you collect social security and you earn more than like $20K over, there is a very high tax rate on the greater than $20K additional earnings, (up to 50%) so either work or retire, but doesn't pay really well to do both with alot of both.

What Has Driven the Recent Increase in Retirements?



- Federal Reserve Bank of Kansas City (https://www.kansascityfed.org/research/economic-bulletin/what-has-driven-the-recent-increase-in-retirements/)

see the attached graph . . .

that's data proof that there is a large opportunity for the developers, and for the area to need many more golf courses than are currently available

data guy


All based on dollar as gold standard and paper money.

[Laker14]

All based on dollar as gold standard and paper money.

Gold Standard?
Paper Money?

Those are both ancient concepts.
Now, real money is just numbers on a computer screen. I turn on my computer, go to a website and it claims I have "x" number of dollars. I want to buy something and some cyber dollars go from one computer page to another, and a few days later a package arrives on my doorstep.

Every month more cyber dollars go from my page to a bank's page, and that allows me to stay in my house.

[kcrazorbackfan]

Forget the golf courses...waste of land and resources on a dying game. Better use of land would be apartment houses.

Seriously? A dying game. What part of the universe do you live in?

Rounds are up everywhere across the nation due to the pandemic. Golf equipment sales is exploding; all the manufacturers are having record years.

Stick you suggestion of apartment houses up…….

[Bay Kid]

Golf and beauty in TVs is reason to move here. Thanks to cumo and blm to inspire early retirement.

[LateBoomer]

yes, it's a clean, safe community full of people who are active (mostly) and there is a lot to do. Of course people want to come here. We did! tired of cities, heavy traffic, filth, crime, and other assorted governance stupidity (let's defund the police! let's decriminalize crime! Let's let drug addicts run free! etc etc). We preferred moving into this "bubble" of people more like ourselves. I'm sure lots feel the same

[Pballer]

Flippers and wanna be landlords. 2006-2008 all over again.

[KsJayhawkers]

yes, it's a clean, safe community full of people who are active (mostly) and there is a lot to do. Of course people want to come here. We did! tired of cities, heavy traffic, filth, crime, and other assorted governance stupidity (let's defund the police! let's decriminalize crime! Let's let drug addicts run free! etc etc). We preferred moving into this "bubble" of people more like ourselves. I'm sure lots feel the same

You are exactly right. I could not have said it better!!

[DAVES]

Gold Standard?
Paper Money?

Those are both ancient concepts.
Now, real money is just numbers on a computer screen. I turn on my computer, go to a website and it claims I have "x" number of dollars. I want to buy something and some cyber dollars go from one computer page to another, and a few days later a package arrives on my doorstep.

Every month more cyber dollars go from my page to a bank's page, and that allows me to stay in my house.

Not sure how we entered this thought. Money, there is no shortage of books on this subject. Gold, paper money? Sort of evolved at one time it was land. It can also be diamonds, art etc. It has also been goats, horses, and even children.

Cyber money. You get into stuff like bit coin. Reality, if I was selling my car, home or a pencil. I will only take CASH. Silver quarters, I will take any that anyone wants to sell me for a quarter.

[DAVES]

Flippers and wanna be landlords. 2006-2008 all over again.

We all tend to criticize others. If, we think flipping homes or being a landlord is easy profitable and without risk we should be doing it.

In terms of the bailouts. I am amused when people complain about paying taxes on the money they were able to steal due to bailouts on mortgages.

[DAVES]

Forget the golf courses...waste of land and resources on a dying game. Better use of land would be apartment houses.

Truly sad reality. People tend to."think," what they do is right so others that don't think that are wrong. Choice is a good thing. I have a friend, as normal as most people I know.
Aside, I heard on the radio years ago-If, you think your neighbor is normal, you don't know him well enough. Back to my friend-he bought 140 acres in North Carolina with his brother. They have homes, he is married and I think his brother has a long time live in girlfriend.
Apartment living? We did that when first married. There was an ad at the time where the guy opens his medicine cabinet and sees his neighbor. The pillow guy has hijacked that old ad.
For me NO THANKS been there done that.

[Pballer]

We all tend to criticize others. If, we think flipping homes or being a landlord is easy profitable and without risk we should be doing it.

In terms of the bailouts. I am amused when people complain about paying taxes on the money they were able to steal due to bailouts on mortgages.

It is easily profitable until the music stops - nobody knows when but it always does. Then they and the rest of us are left holding the bag for years of irresponsible Federal Reserve monetary policy.

[Dr Winston O Boogie jr]

Here is both the discussion article and the graph, which calculates the percentage of retired percentage of the US population over the last 10 years. . .

there has been a huge baby boomer retirement party starting in 2011 time frame, partly due to the GFC, and partly due to age. 2011 - 65 = 1946, what ended around that time / or began at that time?

so back of the envelop, 4% increase in retirees on 300M citizens = an additional 12M retirees, with retirement accounts which has never happened in the history of the USA, since retirement accounts were created with ERISA in the 1970s.

Now look at the huge jump starting last year, due to layoffs and burnout and wanting to enjoy the golden years. . . Given that if you collect social security and you earn more than like $20K over, there is a very high tax rate on the greater than $20K additional earnings, (up to 50%) so either work or retire, but doesn't pay really well to do both with alot of both.

What Has Driven the Recent Increase in Retirements?



- Federal Reserve Bank of Kansas City (https://www.kansascityfed.org/research/economic-bulletin/what-has-driven-the-recent-increase-in-retirements/)

see the attached graph . . .

that's data proof that there is a large opportunity for the developers, and for the area to need many more golf courses than are currently available

data guy

It wouldn’t surprise me to learn that Gary Morse and others involved in the expansion of The Villages studied these numbers back in the 90s.

[Joe V.]

Not sure how we entered this thought. Money, there is no shortage of books on this subject. Gold, paper money? Sort of evolved at one time it was land. It can also be diamonds, art etc. It has also been goats, horses, and even children.

Cyber money. You get into stuff like bit coin. Reality, if I was selling my car, home or a pencil. I will only take CASH. Silver quarters, I will take any that anyone wants to sell me for a quarter.

At one time the top commodity in the world was tulip bulbs.

[Stu from NYC]

Think a lot of the demand comes thru word of mouth.

We had never heard of the Villages living in Va but kept going on cruises meeting people who lived here and almost all were in love of this place.

As a result we came and ultimately moved here.

[kkingston57]

Flippers and wanna be landlords. 2006-2008 all over again.

I doubt it. 2006 -2008 housing boom was fueled by lax banking standards/no underwriting of loans. To get a loan back then, seemed to me that all which was required was to show that you were alive. Had friend who bought 2200 square foot home for 100K in 2004.He borrowed against the house and mortgage went up to 5O0K. He could not make payment and bank took it back. House sold in 2008 for less than 80K

A lot more cash buyers now and I would bet that there is a higher % of cash offers in TV than in other parts of the country.

[GoPacers]

I doubt it. 2006 -2008 housing boom was fueled by lax banking standards/no underwriting of loans. To get a loan back then, seemed to me that all which was required was to show that you were alive. Had friend who bought 2200 square foot home for 100K in 2004.He borrowed against the house and mortgage went up to 5O0K. He could not make payment and bank took it back. House sold in 2008 for less than 80K

A lot more cash buyers now and I would bet that there is a higher % of cash offers in TV than in other parts of the country.

I don't disagree that folks are paying cash but with interest rates as low as they are one would be nuts to not finance as much as they could.

[Mrprez]

I guess I am nuts then. Once I was able to get out of debt, I did and never looked back. Best thing ever.

[Bay Kid]

I guess I am nuts then. Once I was able to get out of debt, I did and never looked back. Best thing ever.

Any debt is bad. Unless you get a student loan with the hope someone will pay that off for you.

Cash is king.

[G.R.I.T.S.]

Forget the golf courses...waste of land and resources on a dying game. Better use of land would be apartment houses.

Spoken like a true non golfer…or making fun of the developer.

[Stu from NYC]

I don't disagree that folks are paying cash but with interest rates as low as they are one would be nuts to not finance as much as they could.

There is a certain satisfaction of not having any debt.

[manaboutown]

Think a lot of the demand comes thru word of mouth.

We had never heard of the Villages living in Va but kept going on cruises meeting people who lived here and almost all were in love of this place.

As a result we came and ultimately moved here.

Living in SoCal and the desert southwest for years I had never heard of The Villages. The book "Leisureville" introduced me to the Villages. After reading a few more books on over 55 communities and meeting a few Villagers on European excursions I concocted a list of communities which I visited. TV was #1 for me by far! After three visits I was all in.

[CoachKandSportsguy]

I don't disagree that folks are paying cash but with interest rates as low as they are one would be nuts to not finance as much as they could.

Agree with this if working, however, with retirement, the income is limited, and living expenses come from asset income. going from max social security income taxable at 130K to social security max of 35K with a mortgage payment of $1,800 per month, or 20K per year leaving only 15K or a little more than $1K per month is not a life style most retirees want to live,

so, basically, its a generalized statement with little reality attached for retirees.

finance guy