[kkingston57]

Originally Posted by jimbomaybe

If the business model is failing you should be concerned

Failing? Do not think so. Their expertise is developing land and they are doing well. They have 0 interest after that. Surprised that they still own golf courses. They are not great money makers

[Altavia]

Originally Posted by kkingston57

Failing? Do not think so. Their expertise is developing land and they are doing well. They have 0 interest after that. Surprised that they still own golf courses. They are not great money makers

They appear to be selling close to 15 homes a week when you look at the names on the sales boards?

[Altavia]

Originally Posted by Chellybean

they have cut back on courses in the south and the maintenance of these courses has gone astray, JMHO

They're adding lots of golf in the Eastport areas.

The courses are more "linear" which allows more golf view lots at $250K a pop.

Following is just the executives.

Two New Executive Courses for You to Enjoy

[Marathon Man]

WOW!!!!!!! Why do some of you continue to live here if you are so angry about everything?

[Stu from NYC]

Originally Posted by Marathon Man

WOW!!!!!!! Why do some of you continue to live here if you are so angry about everything?

I see questioning from myself and others but not anger.

[CoachKandSportsguy]

Originally Posted by BrianL99

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?

MBA business course historical analysis is that family businesses seldom succeed as well as the founder after starting with the second generation or founders grandkids. By about the second generation, the interest and desire and skill is not there, and this is when outside management is considered.

TV could be different, but i suspect that there is a third generation which might be the last direct descendants to run the business. . just from my education. . . i am speculating from a position of historical probability

[dewilson58]

Originally Posted by Marathon Man

WOW!!!!!!! Why do some of you continue to live here if you are so angry about everything?

Many of them don't...............they are just on this site.

[BrianL99]

Originally Posted by kkingston57

Failing? Do not think so. Their expertise is developing land and they are doing well. They have 0 interest after that. Surprised that they still own golf courses. They are not great money makers

0 interest?

They're the largest Commercial property owners in mid-Florida and they're as smart or smarter, than most anyone else in that business.

& the golf courses are cash cows. Their return on investment on the golf courses, is staggering.

[BrianL99]

Originally Posted by BrianL99

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?

Originally Posted by CoachKandSportsguy

MBA business course historical analysis is that family businesses seldom succeed as well as the founder after starting with the second generation or founders grandkids. By about the second generation, the interest and desire and skill is not there, and this is when outside management is considered.

TV could be different, but i suspect that there is a third generation which might be the last direct descendants to run the business. . just from my education. . . i am speculating from a position of historical probability

There you go.

That's exactly what's probably happening.

Gary Morse was a "one man band".

Then it was his 3 children and responsibility was divided amongst them.

They're getting older and less interested in the day to day.

This is when the trouble starts.

This won't mean anything to most here, but I'm sure Coach knows how to spell "DeMoulas".

[tophcfa]

Originally Posted by BrianL99

& the golf courses are cash cows. Their return on investment on the golf courses, is staggering.

You have me curious, how do you know that? Are you privy to the financials?

[jimhoward]

Originally Posted by BrianL99

0 interest?


& the golf courses are cash cows. Their return on investment on the golf courses, is staggering.

Wow, that would be amazing if true, and I assume it is or you would not have said it. Most golf courses are not profitable.

Because of my irrational attraction to golf, I have, on three separate occasions in my life, looked into buying a golf course, and got to the point of receiving financials. In each case they were terrible. Of course these were not in the Villages. Its nice to hear that some are making good money.

[BrianL99]

Originally Posted by tophcfa

You have me curious, how do you know that? Are you privy to the financials?

I don't need to see the financials. I know what it costs to run golf courses and golf course revenue in TV, is basically public information. You can look at the Tee Sheets and see how many Tee Times are sold and interpolate revenue.

To say nothing of the fact, the Developer (who's very smart) kept building courses, right through the bad times and we're now in the biggest golf boom since the late 90's.

Originally Posted by jimhoward

Wow, that would be amazing if true, and I assume it is or you would not have said it. Most golf courses are not profitable.

Because of my irrational attraction to golf, I have, on three separate occasions in my life, looked into buying a golf course, and got to the point of receiving financials. In each case they were terrible. Of course these were not in the Villages. Its nice to hear that some are making good money.

Pre-Covid, golf courses were selling for about 1 times revenue. These days, golf courses are running 4-6 times revenue. Obvious every case is different, but it's a pretty good business these days.

[dewilson58]

Originally Posted by BrianL99

..................................................

& the golf courses are cash cows. Their return on investment on the golf courses, is staggering.

Gots to agree with you.

When they sell the championship courses, Villagers will be shocked at the price.
(mostly with a captive customer base)

[CoachKandSportsguy]

Originally Posted by dewilson58

Gots to agree with you.

When they sell the championship courses, Villagers will be shocked at the price.
(mostly with a captive customer base)

that would be one of those secondary effects which might impact one's current lifestyle.

[Snowbirdtobe]

Like it or not, enforced or not, if you own a home you have a contract with the developer.
The deed may have been Xeroxed 10 times and be almost unreadable but it is still a contract with the DEVELOPER.
Every other aspect of TV, except for the public roads, is controlled by the developer or their sycophants.
If the developer fails who will anoint the members of the boards that control the rec centers?
With the tail end of the boomers reaching retirement age and the front edge dropping dead the business model is in jeopardy.