Quote:
Originally Posted by New Englander
What exactly is the Bond for?
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It pays for common things like streets and sewers and other infrastructure things.
In some parts of the country, like here, a builder, in effect, take take a loan to build this stuff and then, in effect, partitions out that loan to the buyers of the homes in the development. In other parts of the country those costs are just buried into the price of the house.