Quote:
Originally Posted by OldDave
[First question] . . . "what happens after the build out?" . . . Whether you like the Morse family or not, they are here to make money. . . . Their income is in houses . . .
Second, how does the lack of an actual government set with you?
|
1) The Morse family and all of its subsidiary companies make a lot of money on new houses, but once the homes are all built, they will continue to have a huge perpetual source of income from the commercial properties. Your house and its land is sold to you, but all of the stores, restaurants, medical offices and so forth are on land owned by The Villages. The lease/rental income will support the Morse family and many others for generations to come. They have nothing but incentives to keep TV a beautiful place because they want patrons for the businesses. They will also continue to make money on sales and financing of resale homes.
2) The CDD form of government is a real government, sanctioned by the State of Florida and in use in 600+ other communities. You can get as involved as you want, or sit by and let others do the work (as most of us probably did in our former home towns.)