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I think like you. This thread was started to show how complex and the many many companies the family controls. If posters would just stay on topic about the Huge organization instead of telling posters to leave or other nasty comments directed at posters. The effect through the years is to drive posters off the board. Talk to people here and almost all love the Villages but have issues with the developer. I've known this board has always been big cheerleaders but it is no reason to be nasty if you don't agree with someone. |
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Sun.
Huh, We have lots of places for sale too.?? We also have people who have left for the Del Ws around here. The financial structure is very different in Del Ws than in here. We are a private family owned development with closed books. The Del near here has had no lawsuits or IRS investigations that I know of... Once built out is complete, the residents own and control their development with open books. As a mattter of fact, I think the Del nearest here is very well off with about a million in the bank. But the point is almost everyone likes living here but separates living here from the behavior of the 3rd generation of the developer. So yes, this is an amazing place and this thread is about the huge organization of the Morse family. |
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the problem here is that everything was really good in the beginning. but now things have gone down. things are not kept up like in the villages. i'm not complaining. it's nice here. Del Webb has done a good job but the Morse family has done a spectacular job developing the villages and keeping it up-even improving the quality of life for you people as time goes on. here that is not the case. our houses are for sale for really cheap because of the economy. from what i see online, your houses that are for sale in the villages have not decreased in value like ours have. people can't sell their houses here and are losing a lot of money. i admire both the Del Webb family and the Morse family for what they have done. but i think you people in the villages are lucky to have such good developers. |
Sun,
Thanks for the very respectful answer. I need to be going so this is just a short answer. Many many people have lost a great deal of money on homes in here. The people who are not happy in here get bashed to death on their first post on this board so you will never hear it on here. But I agree this is a great place, but we are comparing apples and oranges. Many of the Dell Webbs are built out and getting old. We may someday too. Plus we are 86,000. I had a ton of respect for Harold, less for Gary, and even less for Mark. I know the family very well and have had business dealings with them. However, you are entitled to your opinion. All opinions should be respected whether you agree or not. Now I really must get going. We are having a big Christmas party tonight at Savannah and I should be there. Thanks again for your very polite post. |
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My concern is this to anyone reading my posts. I wish anyone who legitimately wants to look into retiring here could do so. Some people are a little timid about things. When I read posts that are so inflamatory, my heart aches because I know they will turn people away. Do I work for the Morses? NO. Do I get anything out of it for myself? NO. It just burns me up that people get on here and say things that aren't true and turn someone nice away who could be enjoying it as much as we do. AND I have to wonder what is the REAL motivation for these negative posts. I am not having a good day and I feel that I might soon bite. |
Too many links to list. Just google IRS vs The Villages and read them all.
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But, what is being said about the Savannah is true. It was sold for many more $$ than what it cost. This concept has been explained many times on this forum and other places. In a nut shell the asset is valued on its current value plus future benefit. We all can argue till the cows come home (usually late) but that is what happened right or wrong. |
Thank you Bogie.
I always trust your judgement. I am sorry Janmcn and also Weissenbach. I stand corrected. |
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Family connections....................
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2018 is the purported conclusion of all the construction. Perhaps that's the point the poster was inferring.
Bill :) |
Would someone let me know how much money you have to have before they label you as GREEDY?
It seems to me the answer is when people make more money than the person who is calling someone greedy has. If the Morse family about 20% into this project had gone belly-up we would not be having this conversation or even talkofthevillages and 80% of us would not be living here also people around here would be saying the Morse family should have ran their business better. I am very thankful that they were successful. I am sure that there were times when the Morse family did not think that this thing was going to fly but it did. Profit is only a dirty word when the person you are doing business with is getting it. But when you are getting it it is a great thing. I have a feeling that most of us worked for very profitable companies while we were working and that is what got us here. |
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I just picture the Morse family, especially the older ones, looking around and thinking "Wow, look what we did here!!"
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I also like the OP that claimed they lived in a 55 plus community where the developers were not as good as the Morse family with the upkeep. hence, their property value had diminished. Just sayin........ |
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The good life in TV
Suncity, before deciding to move to TV, I did some homework on the Del Web properties. What I read was not good, and I read a lot! It's really a shame that they haven't kept up the property. Perhaps the economy played a part or they are just bad business people. What ever the reason, you all are paying the price. I have done a tremendous amount of research on The Villages and knew that it was the place for my husband and I after speaking to people who live there, and people who want to live there. Plus, we have family who lives there. I have found that in my research in finding a place to retire, there is no place like TV! We are not current residence but will be soon. I think, for the most part, those who have chosen to live in The Villages know what a gem we have! Most everything you read on these forums are so positive and people think they have died and gone to heaven! In my opinion, 80,000 people can't be wrong. So when you say you don't think that people know how good they have it.....yes they do! Good luck to you.
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I look around and I can see the developer has a hand in many aspects of TV beyond the sale of homes. It doesn't bother me because I think it shows an intent to stick around after build-out. Once all the new homes are built and sold, the income will come from resales (I believe the sales offices will remain for resales.), rent from the merchants in the squares and beyond, the championship golf courses, and from all those other "things" that the family is involved in. Hopefully, that will be enough to keep them interested in maintaining the quality of this place.
I think what bothers some people is the history of selling properties to the community as we transition from developer controlled to resident controlled. The transfer of facilities north of 466 was done at a premium price out of line with appraisals of the properties. The bonds being investigate by the IRS seem to also be a windfall for the developer. These things create a cloud of doubt/suspicion that, for some people, diminishes their enjoyment of the lifestyle. That leads to a hope, but not a confidence, that buying here was the best choice. For me, having looked at places on the left coast to retire, I think I made the right decision moving here. Time will tell. |
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I am still a wannabe but I will move there ASAP when my condo sells. |
SPOTD Award
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I'm not saying that the Morse organization has never done anything to make me wince. However, the fact that they charge premium commercial rent for premium commercial space makes all the sense in the world to me. |
Referring to a comment that wealth doesn't equate to greed, Ewissenbach wrote:
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To Ed's point, most of the posters who have said they thought the Morse's were greedy gave explanations for their perspective that have nothing to do with how much money the Morse's have. None of us is a mind reader. When we attempt to ascribe motives to people with whom we disagree, rather than stating how we see the issue(s) they raise differently, we don't shed more light on the subject, just more heat. We all learn more with our ears and minds open. Dismissing a concern without addressing it directly, by just ascribing jealousy or any other motive, can give the impression of a mind not open to dissenting points of view. Quote:
:bigbow: |
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