[Halle]

Originally Posted by zcaveman

I seriously doubt if 40,000 households have a 93,800 Average household income (in dollars).

I believe that in another post that fictitious number includes the income of those who have not yet retired but plan on moving to the Villages. They are using their current income.

The income is based on when the home is purchased according to the site it was obtained from.

[RCT]

Originally Posted by chuckinca

And if they only close 5 days a week; 8 years and 3 months


.

They close any day of the week.

[zummy]

I played golf with a guy at Bogart who claims ,thru conversing with one of the grandchildren's husband ,that the "family" recently purchased another 3400 acres south of the new Brownwood planned square. Looks like the villlages is not "building out" as they claim!

[zummy]

bump

[Army Guy]

If the above is true, would that not extend TV to the opposite side of the FL Turnpike? Gosh, I can see the golf cart tunnel now!

Army Guy

[BobKat1]

A little off topic, but has the development of Brownwood been delayed any with the slowdown in the housing market?

We were in TV earlier this month but didn't get down into that area during our short stay.

[collie1228]

If 50% of home buyers pay cash, I wonder how they "know" that the average household income for home buyers is $93,500, or the average age of homebuyers is 62/60, men/women. Speaking only for myself, when I'm paying cash, they don't get that kind of information from me. Methinks they are guessing.

[Russ_Boston]

You don't need 100% of any sample to extrapolate statistics. Even if they only have the data on 10% of the new homeowners they could (within a very small margin of error) make accurate statements.

This is how any survey is done.

But they should indicate that the numbers are extrapolated and what the sample size is.

[BobKat1]

I suppose the income level of buyers who are buying investment property in TV would be included too, no doubt driving the numbers up.

[billyb]

Don't confuse average with median.
If you have few multi-millionaires, those few will pull the average income way up, while most of the populace is far below.

[collie1228]

I hear what you are saying about statistics, but I took a couple of years of statistics in college myself, and there is only one way to come up with an "average" - and that's to add 'em up and divide by the number of units. You really can't extrapolate an average, as it only takes one outlier to throw the number way off. And the comment about median is absolutely correct - it is a lot more meaningful than average when the subject is income. When I see a list like this from a sales outfit, I don't believe any of it. Unless you fully explain your methodology, your statistics are meaningless.

[BobKat1]

I agree that median is more meaningful than average. You see the median used more often than averages when referring to housing prices, income etc.

[chuckinca]

If they did median instead of average in baseball hitting there would be mostly 500 and 250 hitters!

My mother lived in TV for nearly 20 years (and got 3 hole in ones on the exec courses) on about $15K a year and saved money nearly every year.

.

[JeanneBeannie]

God bless your Mother Chuck...3 holes in one?! . I am glad to hear what you said about what she lived on...I was starting to get worried about the earlier reports of estimated salaries in TV per year

[coach]

I think that the income stats come from numbers that are given on the owners survey. It was just done recently. One of the questions was "what is the range of your income". One person from each household could participate in the survey. I'm sure that many people who answered are still working and gave the income they are currently earning. Not what they will have in retirement. I say that because I still work and that is how I answered.