I'm boycotting watching the fantasy trial.<quoted text>Managing the day to day operations, getting the yard work done, keeping the clubhouse area and pool in order, working with realtors on sales and rentals and all the other things management companies do. The company has been mentioned twice already during the trial, recall that the lady investigator gave George his cell phone during the initial interview so he could find the number for the "management company." He also gave her the HOA presidents number.
The other is off topic. Engle bailed and the lenders assigned the completion of the project to Lennar. The final buildings were completed in 2011.
BTW there are both two and three BR units and you might notice that the end units are different from the interior ones with upstairs porches.
If you're handy with google earth or bing, you can take the tour.
It's not a dump, perhaps you noticed that the residents called so far were upstanding citizens and mostly college grads.
However I can envision this type of community. It happens here.....a strong marketing plan selling a dream, individual condo owners believe they're buying into some sort of paradise. Meanwhile investors buy up bulk units, contractors and related parties are granted units in lieu looking to capitalize on price appreciation.....
Indeed some developments in Alberta are being marketed to Florida investors.
"He kept a close watch for outsiders, but it couldn't have been easy to tell who belonged and who didn't. When the housing market crashed, many townhomes were foreclosed on and the owners evicted. Dozens of investors, unable to unload the two- and three-bedroom properties, rented them to cover their upside-down mortgages.
The developers had envisioned a stable neighborhood with homeowners planting long-term roots, but now townhouses were turning over all the time. Insiders moved out. Outsiders moved in.
By the time Zimmerman shot Trayvon Martin, 40 properties inside the gate were empty and more than half of the residents were renters."
Appx 260 townhouses - 40 empty, 110 rentals, leaves 110 the majority short sales/repos probably turned over at the bottom of the market. Paradise lost.