Nonsense to your claim of "almost a scam". Everything is upfront and spelled out, if people care to look and listen. You can use your financing for the house and use their (The Villages) financing for the bond (infrastructure), or pay cash for the house and finance the bond using their financing, or finance the bond with your own financing, or pay cash for both. Nobody is forcing anyone to buy here or use their financing for the bond. Your car comparison is a strawman argument.
Quote:
Originally Posted by Neils
The whole bond concept is almost a scam on buyers.
The cost to build any house, including all the infrastructure, should be the purchase price.
The bond simply allows a lower original selling price helping the builder appear to be offering a better deal to unsuspecting buyers.
Would you consider buying a new car for a great deal, but with the engine and transmission on a separate 10 year payment plan, plus interest?
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