[Goldwingnut]

Originally Posted by Rainger99

I just checked the bond for Unit 84. It is $72,080.45.

If you pay it off over 30 years, you will pay $157,738.72!!!

Yes, the bond is higher than seen before, the cost of everything goes up over time. They haven’t had lots this larger in over 5 years (Conservation trail area), so many have never seen a high end home’s bond. Do some math and you’ll find that the bond rate per acre throughout The Villages has tracked pretty close with inflation. Trying to compare the bond for a home in CDD5 with the bond for a home in CDD14 must take into account the cost increases for 18 years, there are some differences in cost also based on the land’s characteristics that must be taken into account, when all factors are taken into account the adjusted bonds are of similar values.

As far as the 30 year cost goes, the people buying the homes in 84 will likely be paying 7 figures for their homes and have sufficient means to afford it, but will more than likely will just pay it off, just as most of the homes will probably not have a mortgage on them.

Most don’t realize that the bond is just a part of the cost of the home that will always have to be paid, either rolled into the cost of the home like most developments do or as a separate cost like done here.