Talk of The Villages Florida - View Single Post - "No Bond" is promoted in home sales. But what's the real savings?
View Single Post
 
Old 12-04-2023, 11:13 AM
Bill14564 Bill14564 is online now
Sage
Join Date: Nov 2020
Location: Village of Hillsborough
Posts: 7,115
Thanks: 2,209
Thanked 7,548 Times in 2,934 Posts
Default

Quote:
Originally Posted by VApeople View Post
OK, I will answer your question.

There is no "average real-world saving on a property with a bond vs. no-bond".

The savings depends on the amount of the bond and the interest rate for the bond. You can figure it out for yourself.
Of course there is an average, it is just prohibitively difficult to calculate and not a terribly useful number. What really matters is the savings on the particular home you are interested in... which you state in the 2nd paragraph above.
__________________
Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works.
Confirmation bias is real; I can find any number of articles that say so.


Victor, NY
Randallstown, MD
Yakima, WA
Stevensville, MD
Village of Hillsborough