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The Villages was the top-selling master-planned community in the United States in 2017 and one of only four communities to sell more than 1,000 homes. [19] The Villages also claimed the title of the best-selling master-planned community of the decade, with 24,440 new home sales from 2010 through 2019. [20]
In 1983, Morse moved to Florida to take over his father's business selling vacant lots to mobile home owners. Morse instead decided to build homes, restaurants, pools, and golf courses, and by 1986, Morse was selling more than 500 homes per year. In 2011, the Holding Company of the Villages Ltd. generated at least $550 million in revenue.
Credible research done on the impact of short-term rentals on housing costs show short-term rentals have a minimal impact on rents, Adam Kovacevich writes.
Harold Schwartz (March 13, 1910 – December 22, 2003) was an American businessman and real estate developer who along with his son, H. Gary Morse, founded the active adult retirement community The Villages, Florida.
Vacation rentals can also negatively affect local communities in a number of ways. While not the major cause of limited affordable housing, vacation rentals negatively affect the long-term housing market in local communities, especially tourism communities. As more short-term rentals increase, the availability of long-term units decreases.
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