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.

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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............... :smiley:

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. :D

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

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.

Right on. Glad to see continued growth and development.

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.

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.

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.

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.

Ongoing Construction is Not Greed
 

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.

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.