Quote:
Originally Posted by Goldwingnut
As I read your post it appears to have a major flaw in it, the assumption that the developer is holding this bond. If that's your assumption, you're completely incorrect in your posting.
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Nope, not my assumption. The CDD holds the bond
liability though. .
The comprehension issue here is that the word investments is used colloquially for two different points of view correctly, without proper attribution to the point of view.
Bonds are a financing vehicle for an investor, a way to raise money for investment purposes. Financing is about raising money for investments with a future payout(s) for the buyers of the financing vehicle in some form. (bonds, equities, mortgages, etc.)
Bonds are an investment to buyers.
Bonds are a
financing vehicles/processes for investors to raise money for their investments.
There are multiple financing processes for investors to raise money for their investments
The comprehension issue here is that the word investments is used for two different points of view, depending upon whose view point is active.
Bonds are an asset for the bond holder, with a claim on the investment. Left hand side of the bond holder ledger, in this case the investors who bought the bonds from wall street broker. (not related to anyone in TV, which GoldWingnut makes his assumption mistake about my post)
Bonds are a debt (liability) for the bond seller, the CDD, and shows up on the right hand side of the bond seller / CDD on which owes the interest and principal to the bond holders / buyers
On the left hand side of the of the CDD ledger, there is the cash (asset) from the sale of the bonds.
The CDD then uses the cash to create another asset or investment in the infrastructure of the CDD. . .
That is where the confusion lies, with the word investment used correctly for both the CDD and the bond holder, which is the buyer of the bond, without mentioning that the bond is also a debt / liability / financing method to the CDD which they must repay, or they lose ownership in their villages' investments.
So the CDD isn't going to lose ownership in the CDD, they will just exercise their lien on your property through their assessment for non payment.
PAY YOUR BOND ASSESSMENT EVERY YEAR OR PAY IT OFF BUT DON'T ASK REALTORS FOR PERSONAL FINANCE ADVICE!
damn, not living in TV and recently retired trying to get into retirement mindset is slow. . especially during the winter time in NE. . (currently here in TV visiting friends and not missing NE at all)