Does anyone actually think the developer would actually volunteer to a tax increase if it didn't benefit the family. Why do you think they set up this Bond structure, because it helps them make it look like the homes are cheaper than what they really are. 99.9999 percent of developers buy property, they put in all the infrastructure, decide how many homes per acre, divide up the cost of the infrastructure by the amount of homes in the development, and add this cost to each home before they are put on the market. This way everyone pays the same for infrastructure, no messing around with bonds, which I believe the developer makes all the interest off these bonds, which is really high compared to other interest rates. Developer here in The Villages always wins.
|