Quote:
Originally Posted by manaboutown
I agree with the above post.
One needs to add the amount of the bond to its price to arrive at the actual cost of a home. That is simple arithmetic. As an aside the fact that the interest on the bond is not tax deductible and is higher than normally available mortgage interest adds even more to the cost of the home. I would factor that in as well.
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Also factor in the neighborhood maintenance fee that you pay on your taxes as well as the bond payment. That can be from $200 to $900 a year on top of your regular taxes. non-advolerums...