Villages sales of assets
 

think about it folks?
If there sell OFF there assets that tells me they are bleeding money at a fast rate and the new constructed homes are smaller lots, driveways and questionable construction.
this is not what was built north of 44. you don't have to be a genius to see they might of gotten to greedy this time around?
JMHO

Seems to me that all of your assertions are purely speculative.

So, as they used to say in NYC back in the day -- that and a token will get you on the subway.

You need to back up the construction part with some facts if you have any. The construction seems fine. Had an inspector in here just yesterday. Lot size bigger than the resale CYV we were looking at in Pennecamp.

I think you're jumping to conclusions about what selling assets means to a business and then from there what it must mean to its other business channels.

Sometimes one needs to travel farther than 466 to see what the future holds. Instead of just reading stuff online

The Questions everyone should be asking themselves is why are they selling off a lot of there assets? Banks, hospitals, etc... and now the millions of dollars of Medicare fraud, HMMMMMMMM
Did they over extend themselves?

Maybe the current generation is cashing in before handing it over to the next generation. But does it really matter? Other people’s finances are none of my business.

Because they are DEVELOPERS.
They develop land and then sell.

Since TV did not have critical mass for an independent entity to invest.
They needed a water system,
They needed a bank to help finance homes.
They needed a hospital to care for homeowners.
They needed a local insurance agency.

Soon, they will probably sell off the golf courses.
Soon, they will sell off Town Squares.
Soon, they will sell off the golf cart stores / shops.

Develop land, sell and either move on or develop more.

:ho:

I do not think the Morse's will need us to organize a fund raiser in their behalf but interesting as to what is really going on.

Why? Why should we be asking ourselves this? I seriously do not care.

Or a GoFundMe page.

Yes, and they own a ton of industrial zoned land now which will most likely be their next large endeavor.

Has the powers to be over extended themselves?
 

The Questions everyone should be asking themselves is why are they selling off a lot of there assets? Banks, hospitals, etc... and now the millions of dollars of Medicare fraud, HMMMMMMMM
Did they over extend themselves?

I'm still trying to figure out why we should ALL be asking ourselves this? Unless someone is part of these transactions it's none of their business.

If the business model is failing you should be concerned

What Medicare "fraud" would that be. I haven't seen any charge of fraud by CMS or the DOJ, has anyone? Or is that just another uninformed, unsubstantiated opinion?

OK but if the developer is on the hook for the 360 million it would make sense to sell off some assets to pay it.

This could have some affect on us villagers.

Typically, I would totally agree that others finances are no one else’s business. That being said, the Villages is kind of a unique situation. The parties finances, who heavily handed control just about everything where we have invested a significant chunk of our retirement portfolio, have a significant correlation to both our lifestyle and property values. Because of that, Villagers should be concerned about their motivations and perceived direction. It does really matter in this particular case.

Not worth the effort to worry about what is known or unknown, option is to pack you bags and go before the sky falls.

Inquiring minds don’t like the unknown. Some prefer to seek knowledge and make informed decisions after considering as much knowledge as can be gathered. Others chose to bury their heads in the sand or run away. Different styles for different folks.

Nothing wrong with cleaning out the coffer and moving forward

So, if you don't have an "inquiring mind" about a particular subject, you "chose to bury their heads". C'mon.

Some people think that the financial viability of the developer is not our business. Of course it is we would be affected if they ran into financial problems.

How would we be affected?
- The Developer does not provide utilities
- The Developer does not maintain the roads
- The Developer does not run the rec centers
- The Developer does not maintain the pools or pickleball courts
- The Developer does not cut the grass along the streets or replace the flowers

The Developer does own the buildings in the commercial districts (the squares). This allows him to choose/elect the supervisors for the districts that control the amenities. But, since the amenities are funded by the residents and not by the commercial districts these supervisors typically stay away from fixing something that isn't broken.

If the Developer has financial issues it might somehow affect the businesses in the squares and we would notice that but I just don't see that being a big issue.

If the developer ran into financial problems, they might start putting new houses closer together, or they might cut back on finishes on little things like not bothering with ceiling fans, or they might undercut prices on existing homes to stimulate sales........oh wait :).

And any of that would affect me how?

Sure, it might make me reluctant to purchase in the newer areas but since I'm not looking to move anytime soon....

On the other hand, if the newer areas were less desirable then homes like mine in the existing areas would be come more desirable. More desirable = higher prices = more profit = win for me.

You are asking for speculation correct? Because as I see it unless your descendants are married into the family, your questions are answered with assumptions, guesses, or zero factual evidence.

Medical facilities, insurance, sold or leased over 10 years ago. Restaurants have been leased out from developers for at least 10-15 years. The only change I see is bank sold. That could be a signal that it’s no longer needed to sell homes.

As far as Medicare issues, has been ongoing with most billing for years, between physicians, facilities, and individuals. Plus in all the years in medical no one ever knows how much is actually paid off or forgiven

So is this the brain teaser for the week? Because no one on this site can solve your question

Exactly, all those are true if you pay attention

the primary effects of the developer's actions do not directly affect anyone currently owning a house in an established village.

the secondary effects are not currently known, but may affect some aspects of our lives. yes, one can speculate on those effects, and the effects could range from minor to major, depending upon your level of imagination. But to postulate on just the direct effects as the only potential changes, is a bit short sighted. .

good luck to us. .

You must be new to TV.
Do you remember in 2008, 09, 10, 11, 12, and so on, the discounts on newly built homes for PV, CYV, designers?

How about in 2012, 2014, some new builds, no washer/dryer, ceiling fans, or GARAGE DOOR Openers?

I remember all of those, why because we bought 4 houses during those years.

How about your personal experience of what was included in homes from 2007 to 2025.

What you think is missing in homes today has been ongoing over 15 years, you just weren’t here to understand what was or wasn’t included.

:boom:

I think someone failed to see the cynicism.

The developer may even opt to cut back on golf courses and other amenities ...

That ship has already sailed.

You're in the wrong place if it's facts you want.

There are no "smaller lots".

Yes, the driveways are shorter. That is because their market research indicated the the new home buyers wanted larger back yards and didn't care for the large front yards. They simply shifted the foundations closer to the street to accommodate them...

Yeah, I'm not buying that. How many of us want to live on the street practically with little driveway? NOT!

Are we comparing CYV yard to CYV yard in the same setting?

If the developer ran into financial issues the media would be all over it as basically they do not like us.

If negatives about the villages financially got it do you really think it would not affect resales?

I wouldn't worry about the billionaires. However, if there was a failure with the developers that would mean greater problems everywhere in the States. I don't think it's failures, I think it's disentangling the company from all the facets and starting to let The Villages proceed with out the developers, just like every other community.

Has it occurred to anyone, that as we moved towards a new generation of the Developer's family, they perhaps want to simplify the operation and concentrate on their core business?

Or perhaps in the change of generations, cash is needed to buy off some heirs or stockholders?

North of 44 here, designer home with kissing lanais. I would gladly give up 10 feet in the front for an additional 20 feet in the back. YMMV