Quote:
Originally Posted by Bob S
I bought in TV a month ago fully knowing of this issue. While scary, I felt the risk was not too great when compared to the alternate of not buying.
I do believe however, that the developer took advantage of the residents in these transactions. There is no reason to become an apologizer for the developer just because we love TV. I don't believe that the developer should have been paid for a future stream of income for a supposedly free amenity. These free amenities were not meant to generate income in perpetuity. The amenity fees should just be for paying the first cost of the amenities, current upkeep and future repairs.
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I would say that IF there was not a fair independent appraisal before the sale, that is the source of the problem. If the IRS wins, the villagers will probably pay for it in higher fees unfortunately.