[Goldwingnut]

Originally Posted by graciegirl

Do you think the Morse organization is financially over extended? The tax thing made me wonder.

No I don't think financially they are over extended. I think the construction resources resources are being stretched to their limits. In the past they focused on one or two large areas in CDDs that were in the 1000-1500 acre ranges. Now there are at least 6 major construction areas in CDDs that are pushing 2500 acres, this spreads things quite thin for equipment and manpower for the contractors.

Don't forget that 3 years ago at this time they got a $350 Million cash infusion when the amenities north of SR44 were sold and they are about to get another $200 Million cash out from the sale of the utilities north of SR44. None of this is a bad thing as these were all built and invested in by the developer to support the community development and homes sales, but it's not their core business.

Taxes aren't really an issue, businesses don't pay taxes, never have, never will, they collect taxes and pass them along to the appropriate government body. Taxes are no different than labor and material, just another cost of the project that is rolled into the final price. We, the customer and end user, pay the taxes not the businesses, not The Villages, not Walmart, not McDonalds, just us in the end.