[vintageogauge]

Originally Posted by Goldwingnut

The other side of the issue nobody wants to address is if sales start to slow down (pretty sure they have already) and it puts stress on the developer will any of these companies, that many seem to want the developer to help, provide them with any relief? Will they say you can hold off paying us for another month? Will they offer them a discount on their invoicing? Will they give the developer anything? Not very likely.

The developer is still building houses and paying their contractors (and keeping people employed). This is not a paid-when-paid business, the developer pays for the construction of each and every house and then must sell it to make their money back. Sitting on inventory, which will increase as sales are slowing due to this virus, costs them money, it costs them working capital, if they are using construction loans the interest is accumulating and will have to be paid. Their chance of recovery of any expenses or losses is close to zero.

The commercial properties are no different, taxes and common utilities still have to be paid, the building have to be maintained (roofs, exterior cleaning, landscaping, etc.), all of which falls to the property owner not the tenants. If a water line breaks and a parking lot needs to be repaired or the roof starts to leak, who takes care of that? The property owner of course. How would the tenants react if the property owner said "I'm falling on hard times and need you to pay more rent"? The likely response would not be "sure, no problem" but more to the affect of "we have a contract", "not our responsibility/problem", or "you're hurting our business, we're going to sue".

All parties are in this economic downturn together and need to work together to weather the storm. The perception that "they have all the money" lacks the reality that "they are taking most of the risk", to the tune of hundreds of millions. What The Villages (developer) is doing with their merchants and contractors is their business not ours, unless it's your money at risk you have no say and your opinions matter not. It's in the best interest of all parties that everything survives this mess, and they know it, more so than you or I.

How many falsely perceive the wealthy

They are truly still building at a fast pace. Bradford is now going up and it's hard to believe what they get done over there in just 24 hours. Also, TV does not want to come out of this with a bunch of empty commercial spaces, I think they're smart enough to help their tenants get through this. Things like City Fire selling store products would most likely not have been allowed prior to the virus but it's a good service that is helping them pay their bills.