Talk of The Villages Florida - View Single Post - Rumor: Developer has sold future building rights?
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Old 05-14-2009, 04:57 PM
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SteveFromNY SteveFromNY is offline
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Quote:
Originally Posted by graciegirl View Post
Repeating rumors like this is dangerous to the investment that all of us have made in real property and ultimately in our way of lives. I try hard not to repeat unsubstantiated and inflamatory issues like this.
I'm not sure about that GG. Even if developement stopped when the building north of 466A was completed, there'd still be a community with 70,000 people and all of the existing amenities. It isn't like the stories of developers building a few homes in a community and packing up before the pool gets installed or the one community center gets built. I doubt that if the developer were to leave and go some where else to repeat their success, they would leave a negative legacy behind them anyway. So I am comfortable discussing this one. It's not like rumors of crimes, it's just a discussion of potential business decisions.
And one day the developer will be done. That point will come. And once it does, the value of TV shouldn't change at all. I can't see how our investments would be at risk because they are no longer actively developing. Just my 2 cents.