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Old 01-18-2024, 07:40 PM
Laker14 Laker14 is offline
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Originally Posted by GoRedSox! View Post
I generally agree with all of this. I think one thing that is not mentioned enough about the "frontier," though, is that for folks where finances are a consideration, the homes in Newell, Lake Denham and Dabney do have higher costs. Not only are the bond amounts higher, but so is the bond interest rate. There are many average homes down there where the bond approaches $3,000 a year. Add to that Leesburg/Lake County taxes which are higher and higher mortgage interest rates, and the monthly costs may be more than typical Villages buyers have been comfortable paying. Obviously if someone is a cash buyer and a few thousand dollars a year is not a deal-breaker, this won't apply, but it certainly applies to some.
Yeah, I hadn't even considered the effects of the higher bonds and taxes.