Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#76
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It is a fact that has been out there for a couple decades or more that the retirement communities in Costa Rica are walled and guarded enclaves due to the criminal element targeting the retirees. Residents are advised to only leave the community during the day and even then be extremely careful.
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#77
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I would highly recommend everyone read the book Freakonomics (a photo of the book is attached). The book explains how peoples behavior can be easily explained by taking a close look at their incentives or motivations. Kahuna's theory that the developer might be setting up their enterprise for an eventual exist strategy (their possible motive), which would explain the recently observed events. Thanks again Kahuna for the very thought provoking post/thread. |
#78
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So a few hundred apartment units (compared to 50,000 new homes being built south of 44) is a "focus on high density rental apartment complexes?" Or is it just another option for people who may prefer it?
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#79
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well, yeah. one day i may not want the house anymore. i wouldn't mind living on the square, i grew up in a city, it has charm if you like that sort of thing
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#80
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There was a very successful, respected businessman. For years his company was successful. He did very well for his investors year after year. Donated to charities. People loved him and put their trust in him with their money. Then some people started criticizing him, obviously an organized attempt from a few jealous individuals to discredit their idol. They must be anti capitalist his admirers thought. Then one day an article appears in the paper saying their idol might be a false god. The paper was the Wall Street Journal and the businessman was Bernie Madoff. The rest of the story is history. I am not saying the Morse’s are doing anything wrong but when it is my money I am skeptical and not trusting. As Ronald Reagan said “trust but verify”.
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#81
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There is a lot of gloom and doom discussed here. While we all have to look out for ourselves, conspiracy ideas and theories seem to abound. Hacienda Hills and Katie Belles ceased to make a profit. Hacienda Hills building needed a very expensive upgrade if it was to exist. But in the four years we have been here, we were never impressed with it as a restaurant. Never ate there for dinner. Ate there numerous times for lunch after golf, but service was slow. Limited menu. Never crowded. Numerous changes of management. No one of us knows the number of units, number or size of buildings. We just know there will be age restricted apartments, amenities open for everyone, and a restaurant. Why not wait and see what the plans are before becoming so negative towards the developer? Likewise Katie Belles; never went there. Any business has to be supported by customers to stay in business. Restaurants can not survive on old people wanting a fine dining experience but only willing to pay fast food prices.
The comments about numerous commercial properties being vacant cause me to wonder where these tremendous number of vacancies exist. Brownwood has a few, but no developer would be building as many new commercial properties there if he and his advisers did not believe they would be able to fill them. The Lofts will help provide customers as well as the southern area via Megisson Road and the MMP over Brownwood Bridge. I am not familiar with all commercial areas but Colony, Pinellas, Lake Deaton Plaza, Lake Sumter Landing do not have many vacancies. The developer would rather have a tenant at “reasonable” rent than to have a retail site vacant. The developer can not just open a business. His retail rents have to be competitive with the retail rents in the local area. A prospective tenant has to decide the local population will support his business; will these retirees part with their hard earned money to support my business? The differences we see in the business model may have as much to do with the people who will be retiring in the next few years having different preferences in living style and in retirement activities than those of us who have retired in the past 15 to 20 years. I personally like the recently shared developer’s vision for the Southern area. The medical center complex, the added charter school campus, the sports complex, the family living area for individuals who work in the Villages, as well as the conventional age restricted single family homes villages. I often wonder if the Covid19 pandemic with its social distancing, masks, restricted activities, lack of entertainment at the squares, etc have affected all of our minds in a negative way. Conspiracy theories abound. So many have become exceedingly negative. I believe things will return to normal; don’t know when, but we will try to keep positive and choose to be happy with what we can do and not focus on what we cannot.
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Indiana, Virginia, Vietnam, Tennessee, Indiana, Alabama, S. Korea, Georgia, Washington, Hawaii, Washington, Indiana, Osceola Hills Last edited by birdiebill; 08-25-2020 at 08:46 PM. |
#82
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#83
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#84
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I have been a non-invested observer of TV since 2008, when good friends bought a place in Largo. The Mrs. and I have been down many times visiting, and have rented for the snowbird season the last two winters, and will be renting for 6 months this coming winter. We have the dough to buy, and are keeping our eyes open for a place that might suit us, although our rental arrangement is pretty sweet. I explain all of that because I think it qualifies me as knowledgable about TV, but without the biases inherent when one has invested a lot of money in a hopeful outcome.
What I've noticed over the years that concerns me the most about actually buying a place is the increased traffic on the pickleball courts and the executive golf courses. I don't see how increasing the density of the population is going to help that dynamic at all. That concerns me. I wouldn't be buying a place with the idea that I need the property value to appreciate in order to make it work. I'm too old to be worried about that. But, I would be making an investment in a "lifestyle" that includes golf, and pickle, and the pools, and a few other incidental activities, and I'm not sure I would want to be anchored in a place where the developers/owners have so much control over how the community will evolve over the next 15 years. As a somewhat distanced observer, I think they've demonstrated well enough that their agenda is making as much money as they can, and if it's at the expense of the existing population who bought into a marketing promise 10 or 15 years prior, well, too bad for them. |
#85
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Agree with your statement. Also, it is apparent the billionaire siblings have zero confidence in their siblings taking reign of The Villages to continue to make it special. That is what happens when you give 30-somethings a lofty title and responsibility without 1) earning it, 2) lack of experience and 3) intelligence to carry the vision forward.
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#86
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#87
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If the residents of the Village do not stand up to the Village Corporate Group, what you have now will be gone forever. As far as they are concerned you are nothinjg but a Vin number and $ signs. The Apartments will destroy the values of the Villages for ever. Demand that they be stopped, Pickett the construction sites, get involved, they are taking over what you worked your life for.
Get Involved they will not stop without Opposition! Stay Safe Mike |
#88
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Very good point. I agree, but unfortunately there’s nothing we as homeowners can do about it.
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#89
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The question is how does this impact our property values? As a former realtor and real estate investor I suspect it will significantly decrease value over time.
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#90
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I think you are RIGHT ON!
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Closed Thread |
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