Obviously there is a line between greed and making a reasonable profit. You have to look at the definition of greed - which is excessive desire for wealth and possessions. Essentially, greed is when you extort, rip off or even steal to get more money.
A case in point is the $40 million class action lawsuit filed against the Developer. Its shameful that things had to go that far, just so amenity services and facilities would be maintained. A non-greedy businessman would have admitted that things needed to be fixed, that there was a problem, and gone ahead and done the right thing. It seems to me that if Morse had really cared about the status of the facilities and services in The Villages, he would not have to be prodded by a lawsuit to do what is good for the community and what he was morally and legally responsible for.
The the whole IRS bond thing is another issue the Villagers have been saddled with, thanks to the "business acumen" of the Morses. It remains to be seen how it will be resolved, but certainly has the potential to cost us Villagers hundreds of millions of dollars. If that happened, I expect there would have to be another class action lawsuit to get the Morses to do what is right.
Do I love the Villages? Yes, I enjoy most aspects of it. Do I think the Morse's are taking advantage of the seniors here? You betcha. I'm sure a bunch of Morse cronies will be on shortly to disagree, which is their right, but there have been many, many posts decrying the business tactics of the Morse family, and it has been covered heavily in the media. You can bury your head in the sand and ignore it all, but it isn't going away. Only losers let themselves get taken advantage of.
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