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No doubt, as a percentage of the total, the number of homes in these communities in some sort of financial distress...is small. That having been said, can anyone shed some light on the finances of these plantations as a whole? Are they built out and stable enough...i.e., critical mass...such that the ineptitude of a few doesn't burden, or topple, the rest of the homeowners?
Stated differently, if I buy in one of these nice places...what am I getting myself into?
It's very scary to see people selling houses appraised at over $2 million ...for $995,000....and motivated sellers at that! Other than realizing they suck at golf...do they know something I don't know? I welcome peoples' thoughts.