Quote:
Originally Posted by surfangel
Yes ignorance is bliss. Hear no evil see no evil
Quote from Ms. Ritchie article<<Morse becomes almost unfathomably rich from the bond proceeds. And residents are saddled with 30 years of payments on $709 million worth of loans.....Without bonds, that $16 million annually could be going into building and operating even more fun stuff for Villages residents instead of paying off the loans that made Morse rich.>>
But apparently the little village people are quite happy playing with their golf balls. I for one worked very hard for my money, and don't like the idea of paying more than I should. Mr. Morse could do more for the Villages like include lawn service and bigger swimming pools with covers but he sleeps well at night knowing that nobody cares how rich he gets using our money.
As much as I hate the IRS, the are not going put a dent in Mr. Morse bank account he will simply take out the difference in amenity fees.
Solivata is looking very good right now. It maybe smaller than the Villages but it has better toys.
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1. Do you know what a bond is and is not?
2. The Morse family are developers, not charitable foundations. People know what they were buying and it doesn't include "bigger swimming pools with covers."
3. Do you know who the amenity fees are paid to - hint, it is NOT the developer.
TV is not for everyone - but it is my home. I feel privileged to have earned a place to live here. It is not a resort or a playground - although many of our guests have a wonderful time here. It is a place where many people are happy to say "Life is Good."