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06-23-2015, 07:55 PM
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Senior Member
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Join Date: Feb 2012
Location: Lima,OH;St.Paul,MN;Vallejo,CA;Pennsacola,FL;Fremont,OH,Naperville,IL,Sylvania,OH,Fernandina
Posts: 161
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Thanked 20 Times in 9 Posts
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Quote:
Originally Posted by Jim 9922
No problem for the developer either way (new bonds). The new home buyers are on the hook for interest and principal, so what does the developer care if the interest is a point or two higher? It is the buyer who carries the load!
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Didn't they just issue new taxable bonds replacing some of the old tax exempt bonds saving us mucho dinero?
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