Quote:
Originally Posted by Michael G.
I love those &(>/&^$$%^&* Bonds we have to pay
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Hey, seen a few replies to MG's post, that are critical. I agree with all of you, including MG. He is right to point this out. The builder was a really shrewd guy. Up north builders pay for all improvements and get the money back when they sell the houses. The cost of the improvements are built into the selling price. Here in TV, the builder took out bonds for the improvements and he passed those bonds on to the people who bought the houses. And by the way, the TV bank made the loans on the bonds.
I think of the bond as additional purchase price cost. I purchased a pre-existing house with a low bond, in part because of this.
So, it is what it is. TV is nice, and it cost money to make it that way, so the residents have to pay. IMHO, TV real estate is expensive for the house you get, but a good value to me because of the environment and proximity to activities. That's worth alot. Just ask people who by $2M for a small apartment in NYC.