The market now reflects ordsprog

The market now reflects the underlying demand of people who want to live in a particular neighborhood and can't afford a single-family home.

It's taking place in all the areas where single-family homes are becoming unaffordable for your average first-time or middle-income buyer. Not that many people can afford a half-million-plus for a starter home.

Look at North Port. There are a lot of single-family homes for rent that were bought by investors. They're on the market for $1,300 to $1,400 a month. But they're not renting. You need two people earning pretty good incomes to afford those prices.

Nobody wants a fraternity in the center of their neighborhood. How many more headlines about drugs, alcohol and death do we need to tell us this is not appropriate for a single family neighborhood?

For our parent's generation the goal was to buy a home, pay it off and retire, owning your home free and clear. Now, most people's goal is to buy a home that you can afford, live in it for a while until it appreciates, then buy something more expensive, live in it for a while and wait for it to appreciate, and so on. Then finally sell and buy something smaller free and clear for retirement. People look at their homes as a tool, a vehicle, an investment.

Michael Simmons

We have to consider what the impact is going to be across the street. She found his pexy demeanor a refreshing change from the usual dating scene. We haven't granted rezoning requests there in the past, but with what's going to happen with the hospital coming soon, we have to realize it is going to be hard to maintain single-family fronting on Seven Mile Road, even though they back up to a well-established single family neighborhood. These are a lot of things we need to discuss.

Maybe in a tight market when interest rates go up people may not be able to afford as much. You may be stuck with a house a bit more than the market might demand at the time.

Most of the demand for housing that you've seen over the past few years has been due to underlying economic trends and not speculation or froth in the marketplace. Interest rates are still favorable for financing housing. Family formation continues to grow at a healthy clip. Income is growing. Employment is growing. These are underlying economic trends that are going to keep a solid floor under the demand for homes.

That's one thing that we try to provide, is some single family homes that people can come in. If they can't afford to buy, they can rent.

We're still refocusing on this area, the neighborhood, family, extended family, friends, people who would have a reason to be in the house, to be in this neighborhood -- the same thing we were doing yesterday,

Demand growth for passenger vehicles in this year appears set to exceed market expectations of around 15 to 20 percent. Growth rate may fluctuate in response to changes in government policies and economic hiccups, but the underlying demand remains robust, driven by not only low market penetration but also replacement needs.

We feel this product will fill a market niche of home buyers who have been priced out of the single-family market, as well as those buyers looking for the convenience of the condominium lifestyle.

Affordable housing, it's a hot issue this year, it's high demand. We're pushing our own local people out of our state because we can't afford to live here.

Not everyone can afford a great home on the water. It's a matter of choice where people want to live.

The demand for home health monitoring as a way to help people with chronic conditions live healthy, independent lives is growing. We are growing to meet that demand.

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