Talk of The Villages Florida - View Single Post - IRS Investigation - tax-free bonds
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Old 07-11-2011, 04:48 PM
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Quote:
Originally Posted by graciegirl View Post
Taj

EVERYWHERE the house market is taking a bath. It is less affected here than in most places....at least now. HOWEVER who knows what will happen to our home values if some of our own residents keep trashing this area and the developers. I challenge you to find any place in this country that is more solid than this place as an investment.

I have said way too much. I get so angry when it is the same thing over and over and over.

It is true there is nothing new about the IRS.
I agree with Gracie. "EVERYWHERE the house market is taking a bath. It is less affected here than in most places....at least now. HOWEVER who knows what will happen to our home values if some of our own residents keep trashing this area and the developers. I challenge you to find any place in this country that is more solid than this place as an investment."

I am wondering how a new bond could be issued to people who have already paid for their home with cash or with a mortgage. We were told what the bond is at that time. Can they really come back and say that we now have to pay another one. It sounds to me, and I don't really know much about bonds etc, that this is between them and the IRS. The developer may be able to pass this on to new buyers, but can they apply it to us retroactively?
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