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Originally Posted by KRM0614
Very interesting although I would expound on it. The Morse’s have equity interests in the contractors who service this placeThe Morse’s also receive a royalty fee for every business who rents from them as well. They also built a design center where the house add ins are marked up 300-500% also utilizing their equity own contractors They purchased the water company and the residents through increases indirectly paid for the purchasing costs. Along with other revenue streams too long to mention here notwithstanding the medical stream, exploring possibility of an IPO might open their financial and legal dealings to scrutiny.not just financials but their business practices and legal expenses. If they go public, the residents may become very unhappy because they know they have to pay dividends and meet projections. Translated into real life the expenses to live here will skyrocket due to going public. It’s also possible they want to monetize their shares to bring in outside investors.
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You don’t become billionaires by spending you’re own money.