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Originally Posted by kenkard
Where I'm stuck is If this idea has worked so well can someone explain to me why nobody else has been able to duplicate what's been done?
I also understand that these a bond that needs to be paid off. Is this something that's included with your real estate taxs and thus tax deductible as far as my friends at the IRS are concerned?
Ken
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This community takes in 40 square miles in a part of Florida that has great climate. There aren't many places like that for a developer to develop. The big factor is they spare no expense to make this place manicured and beautiful. They don't use every square foot to develop, instead leave large areas natural. What is built is maintained constantly and everything always looks new. There is a large price range of homes to suit everyone and wherever you move into you have access to everywhere. It's like spending the rest of your life in a vacation resort.
As far as the bond is concerned, it is your share of the cost of the sewers, roads, etc which is usually included in the original cost of the home . Here it is a separate bill which you can include in your house payment, pay once a year or pay off. It's not a tax so not deductible.