Quote:
Originally Posted by kentucky blue
Thanks for all your valuable info, but would not the CDD have to sell the golf courses,town centers,recreation facilities and utility plants to settle the judgement against the IRS? Since you seem to really have studied this issue, i would like your opinion on the current makeup of the CDD, the "Arms Length Transaction" of the sale, and appraisers who could not furnish the IRS with any backup documents to justify their appraisals.Finally, i didn't realize, always looking at every side of an issue and asking why, was such a negative.
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KB, I'll be happy to share my opinion on these issues:
1) Would CDD have to sell the amenities?
To sell the amenities would be to kill the goose that continues to lay the golden eggs. Since that would be dumb, it's more likely the CDDs would refinance the debt, if necessary, to settle any judgement.
2)
Arms lengh transaction?
No, I don't think the amenities sales transactions were "arms length".
3)
Appraisals
I'm inclined to believe that independent appraisals would have been lower.
I agree with you that looking at all sides of an issue is sensible, though it requires accepting some "cognitive dissonance". Just because you love something (or somebody) doesn't mean that it (or him/her) is perfect. Likewise, just because you dislike something or someone, doesn't mean that thing or person is without good-- perhaps even some wonderful-- qualities.
As stated in a wikipedia article on the subject, "dissonance can also lead to
confirmation bias, the denial of disconfirming evidence, and other
ego defense mechanisms". Examples abound in the Political thead, in my opinion-- but, of course, I could be wrong.
So there you have it. It does not bother me to admit that the developer of TV-- a fabulous "visionary" who managed to create a paradise for active seniors-- is not perfect. Nor is TV perfect. I merely think that, on whole, it's the most delightful, wonderful place I can find to spend the rest of my life.