Appears to be a fair representation of events presented without sensationalism and hysteria. It does make one wonder why Our Villages was singled out by the IRS. I know what they say but I firmly believe that the present structure of the Center Districts permits delivery of services on an equal and unfettered basis to all residents and is why Our Villages sells as many homes as they do and why market values of homes have not declined as much as other similar developments. The number of snowbirds, who did not have to sell their homes to buy in The Villages, is amazing and likely the primary reason for the smaller decline in home prices during the downturn, which now has returned to more normal levels. I believe the reason for the large number of snowbird sales is attributed to the fact that under this unelected structure Snowbirds could be 100% confident that when they came for the winter, they would have access to all facilities on the same basis as full time residents. This is nit the case in other venues. Attracting Snowbirds has an added benefit........wear and tear on the amenity structures helps keep expenses and Amenity Fees at reasonable (bargain, really) levels as Snowbirds are here for only one third of the year. This was a brilliant move by the Morse Family....a win win for all, except perhaps the IRS.
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