[justjim]

Originally Posted by Cedwards38

Frankly, I'm not convinced that build out will ever come. The developer and his family for generations to come have a gold mine here. Why would they close it down?

I have heard this from several people---"TV will never build out". However, when you take a look at the property available contiguous to TV, it might extend new houses by a couple of years at best. Yes, commercial property will continue long after build out of new homes because the Developer has a set-aside of commercial,property. As someone once said "they ain't making anymore---land that is.".

[Bonnevie]

I think a lot will depend on the willingness of the people to keep the place looking nice. Sun City Center in Tampa voted down plans to add amenities and update because they have aged out and don't use the amenities as much. As such, people prefer a place like TV over them....so it's up to us.

Even if one doesn't pay cash for a house, even with a 20 or 30 year mortgage, for most it would be paid off or close to it. Whatever your heirs sell it for will be profit for them...

maybe a case for carrying a mortgage--

[mickey100]

Originally Posted by Jim 9922

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!"

Makes sense.My hope is that we have a continual turnover of younger boomers coming in buying those re-sales, but there is certainly no guarantee.

[Barefoot]

If TV continues to be maintained in impeccable condition after build out, of course the home prices will increase. Baby boomers will be loving this community in huge numbers. But with so many unknowns, at this point it is anyone's guess.

[rubicon]

Buying a home is an investment and investment has a risk/return component.
The residential portion of the build out will come. The Villages of Lake-Sumter, Inc. etc (Developer) has done what other cities such as Vancouver tightly populated to gain on the economies of scale and hence lower expenses. I see this as a positive

The Lifestyle here has two sides. One side employs amenities, playful things such as golf courses, pool, rec centers, occupational/georaphical/hobby clubs, etc. The other side of Lifestyle has to do with rules. Archectural Reviews, controls on watering, when to place out your garbage, etc.
The risk in Lifestyle is that with the passage of time residents present/future could lapse on the latter.

Of course what this all refers to is will residents in the future honor the Covenants. Also pivotal to all of this are the leaders in the community. The quality of their leadership, creativity, political acumen, etc.

There are parents like my wife and me that desire to leave as much as we can to our children. Naturally the value of our home is a big component. We do not want our home to create unnecessary problems or expenses for our children.

all things equal, we want our children to the opportunity to sell it at a profit with ease.

One more point. Will the structure physical, ideologically, politically, etc change in the future?

Returning to my initial comments buying a home is an investment and investment have a risk/return component.

If we really want to reduce the risk component of this investment then we do well to stay politically active in our community in order to protect the financial interests and rights for our children. This will require a watchful eye, participation in POA or VHA or both, monitoring of our local political leaders. It will also require an eye to state and national poiticas as it affects our way of life.

[BettyCrocked]

Originally Posted by mickey100

Makes sense.My hope is that we have a continual turnover of younger boomers coming in buying those re-sales, but there is certainly no guarantee.

It's happening already. I bought in a 17 year old neighborhood and mortality is kicking in (or off). Several houses are unoccupied and the neighbors are very happy to see new blood coming in. I'm turning 50 this year, so I plan on having at least 20 years in TV, God willing and the creek don't rise.
The baby boomer population is reaching retirement age in much larger numbers than the elderly are passing on. I see more demand than supply in the near future.

[patfla06]

I have driven through the "older" sections and have seen a lot
of pride in ownership.
If you keep up the maintenance on your house it will stay nice.

And I agree with other posters, the problem one day will be
my Son's.

[ajdeck]

[QUOTE=T-325;687014]So many people want a new home. Many think a 5 year old house is "OLD". Not me I'm from New England and have not owned a house younger than 40 years old.

However a vast number of buyers only want new.

Question for the audience:

Would all you new home buyers have bought a house in the Villages if the youngest house available to you was 5 years old?

T-325[/QUOTE

When looking, one thing I was told is most people live in TV for an average
of 7 years due to no longer utilizing the life style and therefor wish no longer
to pay for things not being utilized. If that time frame is true then most of
us will only have to worry about TV for the next 7 years. If we live here longer (rest of life) then let the kids worry about if it's worth $200000 or
$20,000 what do we care.

[manaboutown]

Originally Posted by graciegirl

Luring? They don't have to.

Then why do I continue to see commercials for The Villages on television? That costs money!

[buggyone]

One poster wrote, "There are parents like my wife and me that desire to leave as much as we can to our children."

I agree it is nice to give the children a small nest egg but certainly not to the extent as "leaving as much as we can to our children." My parents gave me the down payment for our first house. I would do the same thing.

I was talking with my financial advisor a few days ago. I commented about how my wife wants to fly first class on the return flight from a long cruise and that I thought it was extravagent. He took my wife's side and said I can be uncomfortable and fly economy class and leave all my money to my children - but rest assured that the children will not be flying economy class with the inheritance money!

I earned that money, saved it, and made it work for me. I am going to use it!! I love my children but they can earn their money just like I did!

[ajdeck]

Originally Posted by T-325

So many people want a new home. Many think a 5 year old house is "OLD". Not me I'm from New England and have not owned a house younger than 40 years old.

However a vast number of buyers only want new.

Question for the audience:

Would all you new home buyers have bought a house in the Villages if the youngest house available to you was 5 years old?

T-325

Take a look at Keowee Key Resort in South Carolina. We had a place there and it ended up built out. Place had everything and grounds just as good if not better than TV. Also great courses with lots of good crass, bunkers etc.

Anyway, the thing is just stop by now and look at it. There was so much to maintain that after the build out the owners maintenance just sky rocketed.
And still there are so many great things that just need repair there.
Just saying, there are other places that have been before we are...

[Polar Bear]

I'm still new to all this, but my understanding is that, after buildout and the developers are basically out of the picture (if that happens), the CDD will still be there, taking in the amenities fees, and maintaining things. Is that not true...at least theoretically?

[graciegirl]

We haven't had a good IRS thread lately. There was a new poop thread started today. We should have a roundabout thread coming up soon.

Some things there just aren't answers to. We can speculate, debate, argue and worry, and we can contribute good facts and repeat rumors and we can take sides. But we don't know WHAT is gonna happen.

[applesoffh]

Originally Posted by buggyone

One poster wrote, "There are parents like my wife and me that desire to leave as much as we can to our children."

I agree it is nice to give the children a small nest egg but certainly not to the extent as "leaving as much as we can to our children." My parents gave me the down payment for our first house. I would do the same thing.

I was talking with my financial advisor a few days ago. I commented about how my wife wants to fly first class on the return flight from a long cruise and that I thought it was extravagent. He took my wife's side and said I can be uncomfortable and fly economy class and leave all my money to my children - but rest assured that the children will not be flying economy class with the inheritance money!

I earned that money, saved it, and made it work for me. I am going to use it!! I love my children but they can earn their money just like I did!

Good for you! My sisters and I told our parents to spend, spend, spend. They worked hard for everything they had and, now that mom's 92, she still has $$$ to live on and enjoy. My husband and I worked hard, and are now retired here. My husband's kids are working hard, and saving for their future. If we have anything left for them, that's fine. If not...well... Just sayin'

[T-325]

...will be the best sales point for the Villages. Many communities like Sun City (where my parents have a place) is mainly a snow bird community and so there is less attention paid to the amenities.

As the baby boomers retire many will not want to own two places and so a year round >55 community would have a big draw. Also the sheer size will help keep the amenities on track, however after the build out occurs, I could easily see the fees double. While the $125 fee is limited to inflation, if I remember correctly, new fees would likely spring up.

As I will be relocating from Boston, TV is a huge bargain and it will be a pleasure to join you!

In

T-325