Talk of The Villages Florida - View Single Post - The Villages and the IRS. From Lauren Ritchie
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Old 09-05-2010, 11:22 AM
Taj44 Taj44 is offline
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Quote:
Originally Posted by pauld315 View Post
As a non-resident, but one who has been certain that TV is where I was going to retire, the one thing that concerns me the most about this is TV's lack of divulging the information to the buyers. I just never got the impression, in my visits, that TV would hold back information like this for the sake of a sale. I am probably naive but I have been involved in the business end of companies for over 30 years.

I know the marketing and sales consequernces that may be involved in their decision but there is also the issue of ethics and openess. Heck, when I sell my house I have to divulge that I am in a flight path to the airport even though it is only used once or twice a year when they have a runway shut down at the airport.

They should lay the information out on the table for perspective buyers, the possible solutions and ramnifications to the issue as they understand it and let the buyers decide if they are willing to take the risk or not. At least give them a heads up so they can research it on their own and make a decision. I doubt if it would affect many, or any sales but at least everyone would be on the same page going into the transaction with both eyes open.

This is coming from somebody who loves TV and the lifestyle and wants to retire there.
As someone who loves the lifestyle, and does live here, I agree with you. And in my opinion, because all this was not disclosed, should the ruling adversely affect the residents, I suspect it would be grounds for a class action lawsuit. But, who knows how things will turn out. At this point, the residents just have to wait and see.