Quote:
Originally Posted by RRGuyNJ
The more I read about this bond nonsense, the more I see it as a deal breaker. I'm not a fan of HOA environments any way, but then add this bond to the mix and I don't see how they sell any homes at all. What am I missing? Other HOA communities don't have this set up. Yeah Yeah I know it's not technically an HOA but everyone knows it pretty much is.
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Another “The Villages is done” post. Their business model has worked, we will soon hear about a village selling out in 2 hours soon.
Um, you’re from NJ, based on your user name. So you are okay paying the highest property taxes in the country, but not paying LOW property taxes and a bond, that can be paid off at any time?
The bond and HOA are like comparing apples to pork chops - they are not related at all. Bond is for infrastructure, HOA fees are for maintenance of common areas of the Association and the homes/condo building.
Monthly Amenity fees are to the operating costs of the amenities (which do include maintenance).
The deed covenants are in place to be sure your neighbor doesn’t paint their house yellow with flamingos on the walls.