Re: The Bond
People have found ways to make the bond payment tax deductible..ie home equity loans etc while others I know simply take it as a deduction and plan to use the check they write to the tax collector as proof of payment. Not what I suggest but simply what I know is happening in this confusion.
Benefits of not paying the Bond, In todays real estate market if by any chance you had to sell a house bought in 2006 or later, I think you would be hard pressed to get the price you paid for you house plus the closing costs and any improvements you paid..never mind the additional $15-30K bond price you paid. Having a bond paid provides you peace of mind, saves you some money as long as you stay in the house, and makes you house more marketable, but in all likelihood you will lose money if the bond is fully paid and you have to sell in todays market. If you plan to stay for 20-30 years pay it off!
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