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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?!
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