[cabo35]

Originally Posted by Muncle

Which demonstrates the unprofessionalism of the agent involved. When one party stoops to manhood-measuring contests, you can be sure their positions have some shaky foundations.

I would assure him that the sensible people were taking a more restrained approach, that there was no need to panic. I'd make sure he reread the articles from Janet Tutt and point out a few of the more rational posts on TOTV from folks like SteveZ and Kate.

Regardless of the IRS situation, I think it would be very valuable for any potential buyer to scan TOTV. It's important that he know that there are so many residents, potential residents, locals, and others who act like Chicken Little at the slightest provocation. And it's even more important that he know that there's a vocal group of Antis who claim to love TV but hate everything about the developer and live in fear that the Morse clan will sneak into their homes at night and steal their gold fillings. It doesn't matter the issue, be it a restaurant closing or non-resident using amenities, they will pitch a bitch and blame it all on developer greed. The Chicken Littles and the Antis can hurt property values as much or more than an IRS inquiry.




`[/COLOR]

I have it....a new category...dedicated to Muncle...

Here it is............PRICELESS

Thanks for tempering the issue with clear eyed straight talk unencumbered by nervous pessimism.

Gone fishin'....catch you on the rebound.

[rshoffer]

Originally Posted by BJinTX

Thank you for all the info. We still want to move.
Just need to work on the health insurance issue. Have even e-mailed senators.
My husband is a big time golfer. We were there last May and liked everything we saw. Like I said in my profie, we have family in Clermont.
I am sure i will have more questions as time goes on.
Thank you for being so kind. BJ

Send me a PM... I have some health ins tips.

[JimJoe]

Originally Posted by Muncle

Which demonstrates the unprofessionalism of the agent involved. When one party stoops to manhood-measuring contests, you can be sure their positions have some shaky foundations.



Oh, most assuredly, if my brother were thinking of moving to TV, I'd provide all the information I had to him. I would show him via TOTV that there were some folks who were panic stricken, fearful that there grandchildren would be forced to sell their GM and Chrysler stock to pay off the IRS. That there was much weeping and gnashing of teeth with clothes being torn asunder. But I would assure him that the sensible people were taking a more restrained approach, that there was no need to panic. I'd make sure he reread the articles from Janet Tutt and point out a few of the more rational posts on TOTV from folks like SteveZ and Kate.

Regardless of the IRS situation, I think it would be very valuable for any potential buyer to scan TOTV. It's important that he know that there are so many residents, potential residents, locals, and others who act like Chicken Little at the slightest provocation. And it's even more important that he know that there's a vocal group of Antis who claim to love TV but hate everything about the developer and live in fear that the Morse clan will sneak into their homes at night and steal their gold fillings. It doesn't matter the issue, be it a restaurant closing or non-resident using amenities, they will pitch a bitch and blame it all on developer greed. The Chicken Littles and the Antis can hurt property values as much or more than an IRS inquiry.




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Why do you have to describe the people who want more information about this situation as panic driven, chicken littles, fearful people who would contact their grandchildren for help, Anitis, people who will pitch a bitch and blame?
I have not seen any of that here from the people discussing the issue. Those personal attacks only seem to come from some who don't want to read about the issue. If you don't want to read about it, DONT. Stop calling people names. PLEASE.

Hmm. NOW I see the problem.. . Is the reason we cant talk about this and why there is name calling going on is because "The Chicken Littles and the Antis, and the bitchers and blamers can hurt property values as much or more than an IRS inquiry"???
Wow.... I didnt know you deserve name calling when property values might be affected.... NO one should discuss this issue or even just ask questions because it might affect property values...
I DISAGREE ONE HUNDRED PERCENT.
This place is a Paradise!!
I SAY...Tell your brother and sisters and best friends the GREAT, and the VERY FEW bad things about the villages and let them decide for themselves... and tell them there are VERY few people in the villages who call people chicken littles, antis, bitch and blamers, and make huge exaggerations about people who ask questions and want information and to discuss the issue or other issues that reflect less than positively on TV..
I say IGNORE the name callers until they knock it off.. unfortunately their great points in the discussion (and they have many), are diluted by their personal attacks.

[Bogie Shooter]

Muncle. Bravo!

[graciegirl]

I love to read what you all have to say. What an enlightening bunch of folks.

I particularly enjoy reading anything Muncle, Bogie Shooter and SteveZ have to say. When I grow up I hope to be as articulate! They have changed my mind on issues on several occasions.

Thank you all for you considered posts on this subject. This whole issue is a worry and what a shame if it keeps people from moving here and enjoying this soul satisfying lifestyle and wonderful experiences in a place so unlike any other I have seen!! We won't have a second chance at this part of our lives.

[katezbox]

I am happy to be awarded pragmatist status and to be grouped with Steve Z.

A couple of points: (like Cabo I keep trying to stay away, but I can't seem to find the willpower).

No can predict the outcome of this. There are big numbers involved - at least from our perspective - but for a large business they are far less significant. By way of illustration, I once worked for a water utility. I think I earned about $50,000 per year - and I still consider that to be a substantial amount of money. However, it took additional revenue or expenses of about this much to impact earnings per share by one penny.

Please remember that no one can legislate good sense. Real estate sales people should keep their buyers informed - it is the right thing to do. But legislation will never catch up with greed. I would guess that many of you are big supporters of tort reform - as long as it is not in your backyards.

We (with a lot of greed from hedge funds, banks etc) got ourselves into this current economic mess - mainly because so many never did due diligence and believed they could afford a $500,000 home on $50,000 per year. We choose to only watch the news that echos our own point of view - whether it's FOX or MSNBC.

One point Muncle has made frequently is that, as Villagers and potential Villagers, we should be informed. I have no quarrel with those folks who are cautious and believe this will not play out well - they are entitled to their opinion. But, I do take issue with those who say they don't understand bonds, or the VCDD etc etc and THEN paint doom and gloom.

As Ringo would say, "You have to pay your dues if you want to sing the blues..."

[The Shadow]

Does anyone know of any time table for the resolution of The Villages vs. IRS issue?

[Bogie Shooter]

Originally Posted by The Shadow

Does anyone know of any time table for the resolution of The Villages vs. IRS issue?

Go back and read ALL of this thread!

[Advogado]

Originally Posted by The Shadow

Does anyone know of any time table for the resolution of The Villages vs. IRS issue?

For the latest news, you can go to: http://www.poa4us.org/bulletins_file...etin200907.pdf

and attend the next POA meeting.

[The Shadow]

Originally Posted by Advogado

For the latest news, you can go to: http://www.poa4us.org/bulletins_file...etin200907.pdf

and attend the next POA meeting.

Thank you Adogado, exactly the info I was after. As far as the POA meeting, if I lived in The Villages I would join the POA and I would be at that meeting. Until this issue is resolved my moving to TV is on hold.

Does the POA permit visitors/guest? I am an hour and a half away.

[Bob S]

I bought in TV a month ago fully knowing of this issue. While scary, I felt the risk was not too great when compared to the alternate of not buying.

I do believe however, that the developer took advantage of the residents in these transactions. There is no reason to become an apologizer for the developer just because we love TV. I don't believe that the developer should have been paid for a future stream of income for a supposedly free amenity. These free amenities were not meant to generate income in perpetuity. The amenity fees should just be for paying the first cost of the amenities, current upkeep and future repairs.

[JimJoe]

Originally Posted by Bob S

I bought in TV a month ago fully knowing of this issue. While scary, I felt the risk was not too great when compared to the alternate of not buying.

I do believe however, that the developer took advantage of the residents in these transactions. There is no reason to become an apologizer for the developer just because we love TV. I don't believe that the developer should have been paid for a future stream of income for a supposedly free amenity. These free amenities were not meant to generate income in perpetuity. The amenity fees should just be for paying the first cost of the amenities, current upkeep and future repairs.

I would say that IF there was not a fair independent appraisal before the sale, that is the source of the problem. If the IRS wins, the villagers will probably pay for it in higher fees unfortunately.

[The Shadow]

My view of the developer after viewing his progress since 1988 is this, Harold Schwartz and Gary Morse have accomplished what governments could not and continue to do so.

I have come close to buying in TV in the last 10 years several times. I have rented 4 times one time for 4 months.

As far as I am concerned if I contracted with the developer to provide amenities for $135 and he did so his obligation would be fulfilled. How he then dispersed the money would not me my concern. If some of the money went to tax free bonds that’s OK I agree to $135.

Now the IRS rears its ugly head, a new player, one not around when I signed my contract, the IRS does not like tax free. After reading the IRS reasons why, it is my opinion the IRS has an opinion opposite that of the developer and the IRS will win. I see this as an honest mistake made by the developer.

What concerns me is this, how is this wrong made right. I do not see any penalties imposed. I think the VCCDD sold the tax free bonds. I think the VCCDD will have to purchase the bonds back. Where will they get the money??? From issuing new taxable bonds?? From swapping a new high interest bond for a no tax low interest bond? Will the VCCDD come back to the homeowner? Is Lake County not part of this?

If Lake County is in the clear, I could be your new neighbor before Michel Jackson is buried.