Talk of The Villages Florida - View Single Post - IRS investigation
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Old 06-07-2013, 06:31 PM
ilovetv ilovetv is offline
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Quote:
Originally Posted by janmcn View Post
Any professional advisor can gather enough material to read all the facts about the IRS investigation into The Villages and interpret them for their client. Would anybody invest $200,000 without a financial advisor? Why would someone not do their due diligence and get all the advice they can before buying?
investment noun
Definition of INVESTMENT
: the outlay of money usually for income or profit

Yes. A home is not an "investment" to many of us because we don't expect to have income or profit from it. It is a place to live comfortably, affordably, safely, and enjoyably.

Comfortably, safely and enjoyably are not quantifiable in terms of dollars and cents.

Affordability is a dollars and cents figure, and I know we and most residents here could afford $3,540 per resident if, in a worst-case scenario, the 100,000 residents had to pay every dollar of the $354 million said to be tax due on the commercial district's bonds.

And residents having to pay ALL of that possible tax due is a pretty far-fetched scenario, considering the developer, CDD, bond sellers and bond holders involved and all their lawyers involved.

The quality of life and quality of our home, and the friendship, love and support, in good times and in bad, that we have with our neighbors and friends in TV.....is incalculable.