Talk of The Villages Florida - View Single Post - District Bond Amortization schedule is very weird, doesn't match normal calcs
Thread: District Bond Amortization schedule is very weird, doesn't match normal calcs
View Single Post
 
Old 09-21-2023, 09:32 PM
CoachKandSportsguy CoachKandSportsguy is offline
Sage
Join Date: Jan 2019
Location: Marsh Bend
Posts: 3,698
Thanks: 650
Thanked 2,693 Times in 1,315 Posts
Default
Quote:
Originally Posted by Stu from NYC View Post
Thought long and hard when we moved here about paying off the bond immediately. Consulted two prominent real estate agents and their opinion that if we sell within a few years we would not recover the cost of the bond to the people we would sell too.

As a result for now we are not paying off the rest of the bond. In a year or two will reconsider.
Correct, if you are considering moving within the first 5-10 years, its best to not pay off the bond.

However, there is a behavioral economics question about how houses are priced to resell with or without a bond, based on total cost of ownership and the naiveness of the buyers.