by Frank Leeming (November 24, 2021)
Whats-Happening-11-21
12/05/2021
What’s Happening in Hot Springs Village 11-24-21
9 Comments
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Posts by HSVP C
Comments by HSVP C
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Thomas Holberton
12/06/2021 — 8:15 am
I will enjoy reading your comments
Frank Shears aka Bubba McGillicuty
12/06/2021 — 6:04 pm
Very interesting. Thank you Mr. Leeming. Housing for sale has gotten scarce and values are way up. I have noticed a rise in unimproved property sales and selling price. Golf revenues are up from about $5.5 million in 2020 to $6.4 million now and golf rounds are also up from about 187,000 in 2020 to about 212,000 now. Things are looking up.
Regards
Tom Blakeman
12/06/2021 — 6:29 pm
Good to have you back out of retirement Frank L.
Diana Podawiltz
12/08/2021 — 5:32 pm
Thanks Frank. The big issue remains 11,500 unproductive lots. Can we sustain the Village without them ever becoming viable again? I think we can with an experienced & successful business manager as GM. This hire is critical as is the next board election.
Susan Posner
12/08/2021 — 7:14 pm
According to first video present from Task HSV has been all along sustaining without them. Those lots aren’t the problem with managing this place; never was. Yet the deficient manager/board past who sold empty lots and closed on with no binding build upon them with two tier illegitimate assessment mess is the guilty party and not current property owners faced with the fall out. No new GM unless property/community management experience or real estate knowledge will change that and board buying lots trying to be realtor reselling them a worse mistake. Developing never sells/closes empty lots with no binding build commitment. Once again HSV is not a business; it’s a residential community and keep trying to run it as business is how it got into messes. Golf is not a destination either; it’s a sport.
Susan Posner
12/08/2021 — 6:53 pm
Nice HSV coloring book; but begs the question as to why then the increase in assessments and amenity fees. Can’t wait for next years edition bet it looks a lot different.
Mark Quinton
12/28/2021 — 2:52 pm
It’s good to see golf revenue is up, but how much has been the subsidy year to year?
I would like to see how much other amenities are subsidized, tennis, CFC, Ponce Center, how much revenue generated is meaningless without the comparison
Jama Lopez
12/29/2021 — 6:08 pm
Yes, golf revenue is up, but we still have $1 million plus golf expense in excess of revenue, projected for year end. We really need to focus on expense as passionately as we do revenue.
Jama
Wes Smith
12/29/2021 — 8:14 am
Susan,
I believe your analysis raises some key decencies in our current business model.
Assuming your hypothesis of selling lots with a binding build commitment is feasible.
1. What time frame from purchase to build would you recommend?
2. What effect do you project this will have on sales of unimproved lots?
3. What recourse would HSV have if buyer doesn’t honor build commitments?
4. What overall effect do you think the buy in fee will have on sales?
5. What would you recommend as the ideal business model for Marketing of HSV Real Estate
in other words what is the best path forward?