[John_W]

I would be interested if they started building in the Tarpon Springs to New Port Richey area, but probably the prices would be out of my reach. I grew up in St. Petersburg and I always miss not being near the water.

[2BNTV]

Originally Posted by Allegiance

Great news, the longer the developers are tied to the villages the better.

I remember when I first joined TOTV several years ago and some people expressed concern the developer would leave after build out and TV would become rundown.

Still waiting...............

Most of us will be long gone when and if the developer ever decides to leave, or stop building. I am not holding my breath.

[kansasr]

Originally Posted by dotti105

This is a great opportunity for Leesburg as well as for The Villages. This will increase their tax base and hopefully bring more jobs to the area. This 3 county area is one of the poorest areas in Florida. The Villages has given the economy a huge boost and will continue to do so as long as they keep building homes. Sounds like a Win/Win for everyone.

Actually Lake is #24, Sumter #29 and Marion #36.....hardly the 3 poorest areas in Florida!

[perrjojo]

Originally Posted by 2BNTV

I remember when I first joined TOTV several years ago and some people expressed concern the developer would leave after build out and TV would become rundown.

Still waiting...............

Most of us will be long gone when and if the developer ever decides to leave, or stop building. I am not holding my breath.

It's amazing, isn't it? Some complain the greedy developer keeps building more and others complain the greedy developer will take the money and run.

[JP]

Originally Posted by Allegiance

Great news, the longer the developers are tied to the villages the better.

Right on. Glad to see continued growth and development.

[RickeyD]

Originally Posted by Allegiance

Great news, the longer the developers are tied to the villages the better.

Your post is bittersweet, yes having the developer still around binds them to keeping things nice around here but I'm apprehensive as to what this will do to my house equity. Over saturation of housing is never a good thing for a variety of reasons plus the current buyers are mostly baby boomers, which will peak by 2027-2032. Who will buy into this paradise after that ? Defined benefit plans are almost obsolete, Social Security cash benefits will be reduced, service jobs are grabbing an ever increasing share of the job market, globalization will continue with an ever decreasing size of the American middle class.
As it is right now, my model home with a golf course view north of 466 can go for less than 350K. South of 466A its more like 475K plus. Same house, same city, same amenities, same everything AND the older model has more property, is closer to all shopping, and hooked to natural gas with CHEAPER TAXES. What accounts for this disparity ? Newer homes seemingly are more desirable and prices are driven up. Newcomers like the smell of new drywall/paint and that pioneer feeling of getting in on the proverbial ground floor.
The new development will do the same to those living north of SR44 what it has to those north of 466.
These are my thoughts.

[Allegiance]

All probably true, I guess I am a frog, not that interested in resale but like the stability of the developers being here.

[RickeyD]

Originally Posted by Allegiance

All probably true, I guess I am a frog, not that interested in resale but like the stability of the developers being here.

I'm a frog as well. But, if I run out of money in 35 years it would be nice to draw from a reverse mortgage a higher payment because of higher equity. My only concern.

[Mrs. Robinson]

Originally Posted by manaboutown

The developers are clearly making a significant long term substantial commitment to further growth rather than selling out, walking away and going on to other ventures or retiring to easy lives. Good for them! They know the turf so to speak (pardon the pun).

I don't think that "selling out," "walking away," etc.,
has even been a thought that the developers ever entertained.

[Bonnevie]

Originally Posted by RickeyD

Your post is bittersweet, yes having the developer still around binds them to keeping things nice around here but I'm apprehensive as to what this will do to my house equity. Over saturation of housing is never a good thing for a variety of reasons plus the current buyers are mostly baby boomers, which will peak by 2027-2032. Who will buy into this paradise after that ? Defined benefit plans are almost obsolete, Social Security cash benefits will be reduced, service jobs are grabbing an ever increasing share of the job market, globalization will continue with an ever decreasing size of the American middle class.
As it is right now, my model home with a golf course view north of 466 can go for less than 350K. South of 466A its more like 475K plus. Same house, same city, same amenities, same everything AND the older model has more property, is closer to all shopping, and hooked to natural gas with CHEAPER TAXES. What accounts for this disparity ? Newer homes seemingly are more desirable and prices are driven up. Newcomers like the smell of new drywall/paint and that pioneer feeling of getting in on the proverbial ground floor.
The new development will do the same to those living north of SR44 what it has to those north of 466.
These are my thoughts.

This is exactly how I feel as well. It was actually one of the reasons I bought a lower priced villa. Any improvements I make are simply things I want, not in the hopes of future resale. I was wondering if Fenney and the future developments won't be marketed as the "new" Villages.


My villa will go to my son when I die and I expect most people's children will inherit. I'm hoping they'll want to keep it for their retirements and thus keep things up.

[Mrs. Robinson]

Originally Posted by RickeyD

Skirting a turnpike/interstate/expressway is always the least desirable place to build residential homes. Even with concrete walls the noise will be continuous from dawn to dusk to dawn. Forget about sitting out on your lanai and listening to the wildlife or simply enjoying peace and quiet. The constant drone of cars and 18 wheelers isn't my idea of a peaceful retirement.

The three determining factors for properties selling are price, location and condition. Price is always king and thousands of people already live adjacent to the Turnpike. Noise is usually minimal because of a wall and landscaping and not what you might think. In addition, while you may not have wildlife you will have privacy. Not everyone thinks the way you do and the houses built along a wall will sell.

Just a thought, but perhaps this is a community where there should be no age restriction. The Leesburg area is different from TV in all respects and perhaps by removing the 55+ age requirement, it will appeal to a larger audience. Not everything the developers build has to be an age restricted community.

[thelegges]

I highly doubt I'll be around in 35 years to see what the baby boomers going to do. As for my kids whatever they get out of the house is free money. I enjoy the moment not what's down the road and not going to worry about things I cannot change.

[Mrs. Robinson]

Originally Posted by perrjojo

It's amazing, isn't it? Some complain the greedy developer keeps building more and others complain the greedy developer will take the money and run.

I have voiced my opinion many times regarding the greed of the developers, but it never had to do with the ongoing construction of new homes or the thought of them to stop building.

The greed is apparent in a number of other ways -- just not the growth of TV in neighboring areas.

[John_W]

I remember a post about 5 years ago when they crossed 466A. Someone asked when do you think they'll reach build out? A poster wrote, when they reach Orlando, that doesn't sound so impossible anymore.

[billethkid]

I wonder what the folks who lived north of 466 (not 466 A) .....all 30,000 plus of them.....thought when they saw the widening of 466 and the first traffic circles on Morse and Buena Vista and then Lake Sumter Landing and all the retail dining and shopping that started to arrive......and the significant increase in the prices of their homes.

Patio Villas for less than $100,000? Take your pick.

So those who have only arrived since the doubling of size of TV need to talk to those who have experienced it doubling......MORE THAN ONCE!!!

It has been nothing but good.