[TexaninVA]

Originally Posted by golfing eagles

I just posted some math to estimate a cost under a certain set of conditions. Don't shoot the messenger. This is not the cost of "buying him off", this is the cost of complying with federal law, as it might be interpreted by a judge. Personally, I don't think this guy deserves a penny, and neither do the bottom feeding scum sucking attorneys that he hired. But I didn't write the law, otherwise it would have been much better. I'm not the judge, but I can tell you my ruling if I was, and the plaintiffs would not like it. And I'm not sure a precedent can be set, since the RLGs and Rec centers are run completely differently than the arrangement between the VCS and the LLLC

No intent to “shoot the messenger” Point taken.

Speaking of math, your comment prompted me to do some math of my own.

The lawsuit has clearly led to the demise of the LLLC. We can already read in several posts of people who were thinking of moving here when they retire, but the unknowns caused by the plaintiffs’ action has caused them to reconsider. That makes total sense, and is exactly what I would have done. The result is some level of “market uncertainty.”

This means that the market value of all homes in The Villages has likely already been adversely impacted – i.e. decreased. ( Ironically, this includes the 32 plaintiffs who have been impacted as well.)

How much has the market value gone done? No one knows but we can estimate in a manner similar to yours. Here a guesstimate:

• There are approximately 50,000 homes in TV
• Zillow lists the median price at $248,600 as of October, 2016 The Villages FL Home Prices & Home Values | Zillow
• That’s a total market value of $12,430,000,000
• One can make assumptions … which is what we do when we don’t know for sure
• A 1% market drop is $124,300,000. That’s probably about right
• If one postulates a 3% market drop, the total loss just incurred by all Villagers is about $374 million

If, for sake of simplicity, we assume only 2 people per household (it’s probably higher) that means each couple in TV has just suffered a loss of somewhere between $4,972 and $14,916 as a result of what’s happened.

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