Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#31
|
||
|
||
Quote:
(Oh dear! Oh my! I sure hope TH does not throw me out. I have another post coming that is on the topic. -- sort of. Oh dear! Oh my! -- Actually, I think a little hijacking is somewhat Shakespearean in nature. I sure hope nobody tells Mr. Tony that.) |
|
#32
|
||
|
||
Quote:
The kind of thing that you have been dealing with is the kind of thing that happens way too often. I have spent some time lately trying to steer someone away from buying in a community where I think I can see a mess coming, like the one you are talking about in your post. (They asked me.) - - - - - - - TV is the only retirement community that we are considering. The size and momentum of TV and the business savvy and the awareness of the big picture that residents have should serve TV's future well. I sure hope so anyway. Whether we end up there or not, I want TV to continue to be good for the residents. I have watched TV's market for many years. Since long before I retired. I am fascinated by the concept. And I am seeing more pros than cons. The Lifestyle. TV's niche. Buying near the ocean means you've still got the ocean if things do not work out. But buying near the ocean means that you have a house by the ocean -- and all those associated costs and risks. I think that it might be kind of nice to have the best of both worlds. We could buy in TV and easily visit the ocean. It's not that far away. With me it is not really analysis-paralysis, although it might look that way. It is more of a sometimes seemingly cursed ability to not let emotion enter into real estate decisions. And though that has helped me in the past, this go-round, it might be in the way. (Well, actually this miserable Ohio winter is starting to come through to me, talking to me loud and clear. And I think it is telling me that I am an idiot and I just think I can figure stuff out, and I spend way too much time thinking.) Also -- and this might sound a little strange -- I find it encouraging to read here that others have felt the same way, looked into the issues closely, weighed the possibility for things to maybe not work out, and decided to go ahead. I am not the Lone Ranger. Boomer Last edited by Boomer; 02-07-2010 at 12:09 PM. |
#33
|
||
|
||
The Lone Ranger with a degree in English, maybe.
|
#34
|
||
|
||
Build out
I agree with Boomer. The size of the develop will affect the ultimate success or failure (bigger is better). Election of competent association officers and participation by residents will improve the odds of success significantly. A little free labor from the residents to invest in their community also helps. We are looking forward to enjoying TV and all the good things in the community. From the post I read on TOTV, there appears to be no shortage of concerned residents who will support their community and give back a little to keep it as it was when they were attracted to it. Sure recipe for success.
Does anyone have a feel for how many TV residents had lived in an organized development prior to moving to TV? |
#35
|
||
|
||
34 posts, 4 pages talking about,
“When the developer is finished, is there a plan for the music to continue in the squares every night? For the landscaping to still be so beautifully maintained? Will the Lifelong Learning College go on? And all that other great stuff you have there? TV is about so much more than just the golf courses and swimming pools. Those are wonderful, but it is the other stuff that makes TV so special.” And not one word about the CDD’s being in deep do do with the IRS over the tax free bonds. Remember the developer is not in the wrong with the IRS it is the CDD’s the owners of the golf courses and swimming pools. Will the golf courses and swimming pools be taken my the IRS? |
#36
|
||
|
||
Quote:
I hope The Villages continues forever to be the wonderful place that it was designed to be. But........
__________________
KayakerNC Mt Clemens, MI Newport, NC Suffering from TV envy |
#37
|
||
|
||
Quote:
|
#38
|
||
|
||
Irs
Quote:
|
#39
|
||
|
||
Quote:
|
#40
|
||
|
||
To my knowledge the last thing to come out of the IRS was an offer to settle, if the CDD did not except the offer the investigation would be expanded. It was expanded. I think that was about last May. I have been waiting for the other shoe to drop for months, still nothing.
|
#41
|
||
|
||
There was a recent update article from Janet Tutt, CDD manager, on the IRS issue. I don't recall if it was in a Thur Rec News "Our Place" column, the Daily Sun, or the VHA newsletter.
Anyway, the gist was that the issue has been elevated within the IRS. The original investigating agent has been moved to another position and a new employee has been assigned to this case. Ms Tutt implied that negotiations could be more reasonable with the thorny agent out of the picture (my words, not hers) and indicated that The Villages still feels the IRS will rule in our (TV) favor. She predicted (as I recall) a resolution within a reasonable period of time. Personally, I don't see this as a major deal breaker for existing or potential residents, but, to each his own on your opinion.
__________________
Maryland (DC Suburbs) - first 51 years The Villages - next 51 years |
#42
|
||
|
||
Quote:
|
#43
|
||
|
||
Quote:
|
#44
|
||
|
||
Be afraid, Be very afraid
That's what I was told by a rep. showing me Summer Glen. She said to avoid CDDs and developer ameneties like the plague. When the dev. moves on he will force the homeowners to buy all the ameneties or close them down. Of course, she was trying to sell a home to me in Summer Glen. What worries me is I also heard a similar story from the people at On Top Of The World. Please say it ain't so.... I love what I've seen at TV and don't want to stress over this. What is your theory on this matter?
|
#45
|
||
|
||
Quote:
That is bull. The CDD in question owns the amenities. The CDD sold tax free bonds to buy the amenities from the developer. That is why the IRS is involved. |
Closed Thread |
|
|