e.bram
Guest
Ethically speaking, what is the diference between recinding a developer purchase and bailing out of a TS you no longer want and has no(maybe negative) value? Going back on a committment in both cases.
Ethically speaking, what is the diference between recinding a developer purchase and bailing out of a TS you no longer want and has no(maybe negative) value? Going back on a committment in both cases.
If one puts the TS in a trust, corp or LLC, and the entity cannot afford the MF, then the owner has legally disposed of the TS in a legal manner.
Recinding hurts the TS salesman. If the BOD doesn't operate the TS in an efficient unbiased way(at tne expence of the non prime week owners)then those owners have to do what they have to do(legally) to protect themselves. hurting someone should not be the criteria for protecting yourself. if the TS was managed properly there would not be a problem.
If one puts the TS in a trust, corp or LLC, and the entity cannot afford the MF, then the owner has legally disposed of the TS in a legal manner.
It has been my expierence that the BOD is controlled by a few owners and the managment company, and make any direct communications between the non BOD owners and the BOD impossible. Thsi controlling clique will not let anyone near them and election process is designed to inhibit any change. They do not poll the owners while making decisions which seem to be self serving and conflict of interest. I have compunctions about bailing out if I have to. I am hoping the whole TS goes belly up. Then as whole ownership I will profit from the sale. If not I bail.
Without limited liability entities and bankrupsy laws, capitalism could not exist as it does in the United States today, and the United States could not exist as it does. Using these entities and laws is a citizens right and ability to use them should not be compromised, and the use of them should not be disbarraged. It is un American!!!