Quote:
Originally Posted by jrref
The bond is not a deferred tax. It's a loan you assume when you buy the house for the cost of the infrastructure.
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I know it's confusing but Bonds are not loans. They follow the property, not the buyer.
I said the bond is "effectively" a deferred tax. That paid for a corporate bond financing infrastructure. Similar to a government bond financing schools and roads.
Unlikely any financial advisor would recommend paying it off given only a small percentage of buyers would consider it on a purchase decision.
Doubtful any one here will live long enough to pay it off with annual payments.
But of it makes someone feel better to give part of their heirs inheritance to a stranger, go for it.