Quote:
Originally Posted by Lauren Ritchie
Did you get a really sweet deal on your house? Did you pay far less for your house than people in other retirement communities pay? I think not.
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Laureen, thanks for the detailed info but I do have a problem with the part of the quote I left above. I know that you are not a reporter but a columnist which means you can state your opinion but what the heck does that statement above have to do with the bonds or taxable/nontaxable portion of same?
Who ever said that people in TV felt they paid less for their house than people in other retirement communities? If you read the board, like I have for two years, then you'd realize that the vast majority of TV owners think just the opposite. But they don't mind the extra cost for the lifestyle that is provided for them to enjoy. And this lifestyle does have a cost.
Other than the taxable issue which will be ruled on there are no surprises in your column that I can see. Do you really feel that you are doing some sort of great community service by exposing something?
The taxable issue will need to be addressed when the ruling is final and all TV residents will be billed in some fashion if the ruling goes against them. But TV will sell out the remaining 15K-20K homes over the next 5 years or so and 100K people will be enjoying a great life. Albeit paying a little bit more than their Stonecrest etc. neighbors.