They're Back!

Centex, that is!

Remember last year when they were going to do a deal that would give Warrenton $22 million and they would build homes in a 55+ community with prices at $900K?! At the time I speculated that the world had truly gone beserk if they believed there was a big market of retirees looking for $900K homes in which to retire. At least I was willing to be they weren't looking for those homes in Warrenton, Virginia!

And, eventually, the deal did fall apart. Centex executives no doubt came to their senses!

But a deal has been put back together. And while the money Centex is contributing is now down to $15 million, I suspect this is a smarter deal all around and much more likely to actually come to fruition.

I did notice, though, that there's no mention of the price of the homes that will supposedly be built here. I'm guessing they won't be anywhere near $900K!

What do you think?!

re: They're Back!

re: They're Back!

Michelle,

Like you I couldn't figure out who their target audience was! I don't know about you but I don't know any retirees in this area looking to spend $900K on their retirement home. And I don't see Californians flocking here to pay exhorbitant prices either. I'm wondering if whoever came up with that $900K number is long gone?!

Thanks for your comment!

Julie