[moose60061]

Originally Posted by Dutchman

I would think a seller should be including some amount in the sale price for the bond that was paid although I guess in some of the original neighborhoods there were no bonds.

The advantage to the buyer, as I see it, is that if you are looking to mortgage the purchase, that amount would be included in the mortgage amount, amortized over the life of the mortgage, and the interest tax deductible. But on a new home it's amortized over a 30? year period thru the taxing authority, paid on an annual basis, and the interest is not deductible.

The bond concept was a bit foreign to me also but I think I can relate it to my son telling me, when he built in Las Vegas, that if he wanted a paved street he, and all of his neighbors on the block would have to share the cost.

The bond is the cost of providing the infrastructure to the development.

Thanks Dutchman...............could you tell me how much this Bond is?? Say on a house selling for $180,000??
Tom