Quote:
Originally Posted by retiredguy123
I think I would be frustrated also. But, I have seen other housing developments go a lot worse. I know people in Virginia who bought condos for $850K in 2006, and before the building was even finished, the new prices dropped to $650K. There are gated golf communities in the Carolinas that sat half empty for years because the developer couldn't sell them. At least The Villages property values seem to be holding up, so you can usually get your money back if you want.
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And I know 695 homeowners who put down between 10 and 100% deposits on a lovely development of homes on H27 4 miles from Disney. The landscaper lost over $1m in unpaid fees. The liquidators were unable to find or account for $ 23m in homeowner deposits. The realtor skipped the country when he found out no developer bonds existed to protect homeowners deposits, The developer is currently in Jail for fraud...So TV may be a little late, but at least they are still building....