Quote:
Originally Posted by Advogado
In regard to your last point, it would be comforting if the Developer would issue a formal statement reassuring residents that everything will continue, no matter what the outcome. However, in the over 5 years that the investigation has continued, the Developer has not done so. The Developer has, instead, obscured or misrepresented the facts, via non-coverage or misleading articles in the Daily Sun. In a real newspaper, a story of this import would have been receiving front-page coverage and in-depth analysis, and we would not have to try to piece it together in an on-line-discussion site.
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I do not think that the developer will say anything unless sales of homes are threatened. I know that when my husband and I come for our lifestyle visit that we will be asking about the ramifications of this IRS decision. I want to know if the decision goes against the developer, what will the residents be liable for? Will any costs to settle this be imposed on the residents? Will there be sufficient money to maintain the amenities? I am moving here for the amenities. If they go to pot, I don't want to be here. I want an answer to these questions in writing.
We looked at TV about 7 or 8 years ago and ruled it out because the developer was never going to leave. No 55+ community we looked at had the developer controlling the community forever. We looked in TX, FL, AZ, NV and CA. We thought the the folks that moved here were giving up their rights and souls for free golf.
Now our son has moved to Orlando and we a considering TV again. If the developer would leave at build out, it would sure make our decision a lot easier. Making money for innovation, hard work, and risk taking is fine. It's the control the Morse family will not give up that is disturbing to me.
Sorry this got so long winded. I really would like to move here but I am really getting scared.