Quote:
Originally Posted by Leafpoker
The sky is not falling ,however you need to know the facts.
1. The IRS is coming after the villages they believe that something is wrong with the bonds that were sold here.
2. If they (the IRS) are correct it could cost many millions of dollars to get this all straightened out.
3. We as property owners are in this together. We really are floating in an ocean without a paddle or map on where to go.
4. The IRS track record is pretty good.
5. I am not being a nasayer, just someone who is very worried about the future of the villages as we know it. These could be the "good 'ol days" of The Villages.
I chose not to stick my head in the sand, but try to gather the facts and be ready for the potienal finacial collapse of this wonderful place.
As far as buyers, well I would want to know what is really going on. These are major issues that should be discussed. You can bet the salesmen for Tv are not telling possible buyers. " the IRS is investigating, and if THe villages lose it will rock the finacial foundation of this place"
Please don't attack the messenger. I respect your right to have an opinion. Yes I am a busy person, just because we don't agree, I am not asking others to not post.
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Thanks Leaf for your comment. I think the key point you made is that we need to respect the opinions of people who post here, even if they do not happen to agree with yours. The whole IRS thing is very dicey, and no one knows what will happen. Yes it may only cost each property owner "a few thousand dollars", but did it occur to anyone that some people just don't have that kind of money? Then there would be a class action lawsuit that would drag on for years, etc.. not a good thing, but all this is conjecture at this point. We just do not know. But to imply that someone has an axe to grind, or is not busy because that person happened to share their concerns, is very disrespectful to say the least. AS far as a house being an investment, I think we've all learned that that is not the case, but you hate to see someone invest $300K+ in houses, as a lot of people are doing now, and see them lose their shirts in the event of an adverse IRS ruling. In my opinion, to keep them in the dark about the IRS investigation and its possible implications is unethical. People are grownups. They can see both sides and make an intelligent decision. At least they will be coming into this place seeing the whole picture, not the half picture painted by the commission paid sales people.