Lauren:
I fully appreciate your obligation as a column writer to put an educated slant on your writings. I thought your article was excellent and informative. However, like some of the others who have replied herein, please do not think of the Village resident as some fool who simply buys into the Village lifestyle without their eyes wide open to the obligations, including the bond. I am a retired attorney for one of the largest corporations in the world. We bought new in the Villages last year with full knowledge and understanding of the bond, its cost and its interest rate obligation. We were not fooled or shocked by the bond.
Your article about the IRS ruling is enlightening for the fact that the IRS did not buy into the nature of the bonds as meeting tax exempt standards. I will be very interested in your follow-up article tomorrow. But again, please do not view a Village resident as a feeble minded person who does not understand their circumstances. You would be pleasently surprised otherwise.
Take care and keep up the good work.
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