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The original was posted on /r/newzealand by /u/Mammoth-Antelope8816 on 2025-01-24 00:41:11+00:00.
My parents surprised us a few years back, announcing they had put down a deposit on a villa in a new retirement village development.
Now, they’ve always been a bit of a target for sales people, but only because they expect everyone has good intentions, bless them. They trust everything they’re told, including the urgency to “get in quick,” which the village operator had told them, as the villas were “selling fast.”
Long story short – they are financially all-in on this villa. I know they’re in trouble, but fortunately, they seem to be having a great time. The social scene is vibrant and it is a nice, quiet, safe environment.
The quiet is a bit of a surprise though, as when my siblings and I had first inspected the new place, our eyes had been popping out of our heads taking in the density and proximity of identical villas, with very little privacy in-between. However, after a recent visit, I can see why, as – taking a walk around the village – many of the villas are empty. In my parents' greater area, it felt like maybe 40% occupancy, with residents dotted about the place.
Now, the developers are planing on building perhaps another three times the exisiting units, based on their map displayed at the entrance. So, what happens if there aren’t any more buyers?