[Rickg]

Originally Posted by NJblue

What I would do if trying to make a decision like this is scope out the worst case scenario - i.e., the IRS prevails on everything and the residents are forced to cough up all of the money. It was stated above that the IRS claims that it is due $354 million. Sounds like a crushing financial burden doesn't it? However, remember that TV is huge. We currently have roughly 100,000 residents which probably translates to 55-60,000 households. Let's assume 55,000. Taking the $354 million and allocating it to 55,000 households means that the worst case scenario is that each household would have to come up with $6,436. That's not an insignificant amount of money, but only you can determine if that amount is sufficient to keep you from buying into what TV has to offer. Note, however, that with increasing house prices, that $6,436 can easily be gobbled up with a year's worth of appreciation. You can wait this out and buy several years down the road, but almost certainly you will be paying a lot more for your house then than what you stand to lose because of this IRS stuff.

That's my opinion.

This is far from over, and when it is there MAY be some kind of settlement. I don't blame the Morses, they follow the advice of their attorneys etc. they don't come up with this stuff on their own. There are MANY other CDD's in the country that have done the same and will be impacted. I for one will not loose any sleep!