Quote:
Originally Posted by RickeyD
If and only if both houses are virtually identical in a virtually identical neighborhood located in a virtually identical location. If I liked the house with a bond more, I'd buy it.
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We THINK, that you buy a home with your mind. It is in reality, your mind and your heart.
For most homes, OUTSIDE THE VILLAGES, the bond, which pays for the roads etc, is in the price you pay for the home-the lot and the house.
Someone mentioned a bond of 23,000. The heart forgets or does not fully see that if a house is 300,000 and has a 23,000 bond THE REAL PRICE is 323,000. Actually, it is a little more than that as if you do not pay off the bond, while few people here ask or know, the interest on the bond is far higher than mortgage rates.
Interestng-these bonds were resold on the open market as TAX FREE BONDS.
There have been law suits-the bonds have been called-result-I DON'T KNOW.