[Sidney Lanier]

Check out the other threads about the bond. (Hopefully) simply put, the developer spends whatever it costs to put in the infrastructure of a village (roads, sewers, water lines for both potable and irrigation, underground utilities, and so forth), then 'sells' the cost to a bond company who then collects back from the homeowners based on the type of home (the more expensive the home, the higher the bond) and when that particular village is built. This from the point of view that infrastructure at today's prices will result in higher bonds than villages built, say, five or ten years ago. In TV, instead of building in the cost of the bond to the price of the house, it is separate, giving the home buyer the flexibility to pay it all up front or pay it out over 30 years or pay it off at any point along the way which, I believe, can be done only at one certain point of the year. There is a bond on all new homes, and it is important to factor this into the price of the home itself. On a resale, at least a portion of the bond has been paid for the period that the house has existed--or it might have been paid off by the original owner or even a subsequent owner. Hope this helps....