Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#16
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The IRS could rock this place
With the past actions of the daily sun(not real objective). And the past record of the IRS (they don't lose many). I am very concerned about my investment here. This could rock the villages. Folks the IRS has seen most dog an pony shows.
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#17
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#18
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#19
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#20
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The morses will look out for us
I am sure the morses will protect all of us. NOT! If it comes down to wire as to who has to pay we have nobody to represent us. All of this could be the like huge sink whole for the current management. You just hope whoever picks up the pieces is able fund at least a fraction of the current lifestyle. If this drags out at least most of us won't live long enough to see the appeal process completed. With any luck our heirs will be able to salvage some value out of our investment, talk about leaving them with huge debt that is a real possibility.
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#21
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Just a comment: We and many others do not think of our home as an "investment" as some have called it here, especially in the current national economy and housing market. It could be decades before home prices come back up to the prices at which they were selling in most places in the mid- to late-1990's.
That's part of the reason many of us down-sized when we bought here, into a comfortable, sturdy, sensible home/CYV in the 175,000 to 215,000 range.....one that is in a reasonable price range for reselling...a range that many potential buyers can afford to buy and pay taxes on. This thread and the topic can sound ominous and discouraging to potential newbies/buyers/wannabe's. If you're worried about your "investment", it would be a good idea to not scare buyers with pure conjecture about what truly is unknown at this point in time. |
#22
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The sky is NOT falling
The sky is not falling ,however you need to know the facts.
1. The IRS is coming after the villages they believe that something is wrong with the bonds that were sold here. 2. If they (the IRS) are correct it could cost many millions of dollars to get this all straightened out. 3. We as property owners are in this together. We really are floating in an ocean without a paddle or map on where to go. 4. The IRS track record is pretty good. 5. I am not being a nasayer, just someone who is very worried about the future of the villages as we know it. These could be the "good 'ol days" of The Villages. I chose not to stick my head in the sand, but try to gather the facts and be ready for the potienal finacial collapse of this wonderful place. As far as buyers, well I would want to know what is really going on. These are major issues that should be discussed. You can bet the salesmen for Tv are not telling possible buyers. " the IRS is investigating, and if THe villages lose it will rock the finacial foundation of this place" Please don't attack the messenger. I respect your right to have an opinion. Yes I am a busy person, just because we don't agree, I am not asking others to not post. |
#23
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Leafblower, since you say we need to know the facts...please explain to me how the outcome of the IRS investigation could result in the “financial collapse” of The Villages.
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#24
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#25
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And continue to argue, based soley on assumptions.
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#26
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#27
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How people post on this issue to me is very predictable. They post the same on almost all issues involving whether they think the Morses are someone they admire or someone they do not admire. There are many people thinking to buy here, that maybe shouldn't be thinking to buy here or to relocate anywhere at retirement, because they can't afford it. I think that the range of home options is very democratic and affordable for most people, but it depends if they have prepared financially for their retirement, even if they stay where they are. Moving is a significant expense no matter what your financial status is. I think that the number stated was less than ten thousand dollars, in fact far less than ten thousand dollars. IF, and again I say IF we had to shoulder the debt. Now that isn't chump change, but I am guessing and hoping that most of us have enough money put back for some bad thing to happen and thinking and hoping it would be a figure that would protect them from bad surprises of any kind. One of the reason that this country is in such a financial mess is that people bought what they couldn't afford to pay for...even given bad surprises...for the most part. Just my opinion.
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It is better to laugh than to cry. Last edited by graciegirl; 07-30-2011 at 08:32 AM. |
#28
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#29
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My personal belief is that one can ignore reality and have it work against him/her or embrace it and have it work for you. since when is lengthy discussion such as with an important topic such as this a problem. I can tell by the nature of the posts that most are not acquainted themselves with the the detailed allegations in the IRS filings. I do not suggest that the IRS is correct but knowledge is power. So find out what this dispute is really about in detail.
I do not intend to sell my home and so I agree with others and do not view it as an investment as I did when moving around the country. The issue for me is based in the wording of the IRS filings. It leaves me to ponder about many things. If the IRS prevails but not against the Developer then who will the IRS look to for repayment? I do not know to whom nor do I know the amount but based on what is to have allegedly occurred, I will be livid if I am left with paying one red cent on top of what I pay now for the priviledge of living here. I will continue my exploration of this issue in an unemotional and business-like manner. I do not believe the sky is falling. I do not believe it is an issue that should prevent folks from buying here. But I do believe in preparing myself, for weighing my options and for making a plan Please search out the details of this debate. Ask questions when attending your Homeowner Association, the Amenities Advisory Commitee, District Meetings, etc. Two last points. Whenever someone rsponds to my question with "Don't even worry about it", then that's when I begin to worry because that is an artful dodger at work. Finally we are a part of this and we have a right to know...all of us. |
#30
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for all of you Laura Richards haters - if it were not for her original articles we would nothing if anything about the irs tax-exempt bond investigation - this is probably the first mention of the investigation in the daily sun. i just looked back at some of old post on Laura Rchards -- she is a villager hater - she is jealous - she is not a journalist - on an on - well i would like to thank Laura Richards - i dont think anyone would know there was an investigation before her article - more kool-aid mom
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