Talk of The Villages Florida - View Single Post - CLASS ACTION SUIT AGAINST TV
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Old 03-13-2008, 12:38 AM
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Default Re: CLASS ACTION SUIT AGAINST TV

It's not the number of residents affected, but the time span of the payout. My first reaction, like most, was that 40 million bucks was a lot of money. Still is, from my perspective. But when you look at the payout time period, 13 years, it doesn't look like that much. I don't know if inflation is figured into the payout, or if the $40,000,000 is to be paid out equally over the 13 years. Just taking it straight, with no consideration of inflation, balloon payments, whatever, it comes to a bit over 3 Mil per year. Not really that much money in relation to the maintenance budget of TV as it is now and certainly as it will be in 10-13 years from now. It's a nice contribution, but certainly not a windfall. Kinda like winning 3rd prize in the lottery. You won the lottery and the money is welcome, but it ain't gonna affect your lifestyle much.
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