Quote:
Originally Posted by Ash Marwah
The VCDD debt must be $75,000 or more which basically means that you are paying $75,000 or more over and above the price of the house.
We are in District 5 and the original debt was $25,000 which is paid up now in our case.
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Our Bond in 14 is roughly $42k. We enjoy our neighbors, neighborhood, and our preserve view, and are unlikely to ever move. According to the districtgov website, we're paying 5.42% interest with this bond. Over the next 10 years we'll pay about half the bond amount in interest! Maybe smarter to just pay the bond off....?