[eweissenbach]

Well I seem to be the exception, in that I always considered the bond as part of the price. We probably looked at 500 or more homes prior to buying in 2017 and if a home was priced at $300,000 with a $20,000 bond, I considered it as a $320,000 property. If it was $310,000 with the bond paid off, I considered it a $310,000 property. I once got into an argument with a salesperson at an open house when I mentioned that the price of the home was actually price plus bond (I wasn’t commenting to her But she overheard and interjected) and she said “oh, you can’t count the bond as part of the house, it will be part of your tax bill and you won’t even notice it”. My reply was something to the extent that “so you think I won’t notice that extra two grand on my tax bill? Do you think I’m an idiot?” When we bought our villa the bond had been paid off and we definitely took that into consideration in the negotiations. As some have said, the bond is amortized at a much higher interest than a current mortgage and unlike mortgage interest, is not income tax deductible.