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In the 1920s, Florida was in the midst of high real estate activity, where the state saw inflated real estate values and many coming into the state eager for profits. The market for real estate reached a peak in 1925, with the 1926 Miami hurricane and Wall Street Crash of 1929 forcing little development in the state and a land bust. [6]
This was the first of nineteen developments in Blackheath and of thirteen within the Cator estate. [ 12 ] [ 15 ] Constructed between 1954 and 1956, the development comprised 61 flats of type A, B and C and, like Parkleys, care was taken to retain the estate's mature trees.
Housing in the United Kingdom represents the largest non-financial asset class in the UK; its overall net value passed the £5 trillion mark in 2014. [1] [needs update] Housing includes modern and traditional styles. About 30% of homes are owned outright by their occupants, and a further 40% are owner-occupied on a mortgage.
The Villages, in Sumter County, Florida- Florida's most well-known and fastest-growing retirement community development [33] [34] is the state's "biggest example of a culturally and ethnically homogeneous retirement community" [32] with a 98.4% white population. [35]
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A naturally occurring retirement community (NORC; / n ɔːr k /) is a community that has a large proportion of residents over 60 but was not specifically planned or designed to meet the needs of seniors living independently in their homes. NORCs may develop in three ways: Aging in place: numerous persons moved into a community when they were ...
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