Quote:
Originally Posted by airstreamingypsy
Three of his casinos went bankrupt..... why do you think this one wouldn't?
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Any real estate developer will have endeavors that will not make it, as will any large corporation. I can guarantee you companies like GE, Lockheed Martin, etc. have had divisions of company that did not make it. That’s why the tax laws are written the way they are. It allows theses companies to write off losses so the can continue to invest in other ventures. This is what grows the economy and employs people. I can guarantee you the developers do no have much of their own money invested in the development of The Villages. I am sure much of it is supplied by banks or investors. What do you think would happen to The Villages if a major recession were to hit. Building would stop, hundreds of new homes would remain unsold. Businesses in the towns would close up. But in the end the developers would not loose their personal fortunes as it would be the banks and investors who would take it on the chin. It’s just the way business works.