Talk of The Villages Florida - View Single Post - What is your bond payment?
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Old 11-12-2024, 04:39 PM
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Quote:
Originally Posted by DAVES View Post
People tend to think so much per year kind of thing. It is based on what the house was priced at new. A more expensive home will have a higher bond.
NO! NO! NO!
The price of the house has nothing to do with the bond amount. It is based on the cost per acre for the area of development times the number of acres in a subdivision divided by the number of homes in the subdivision. The cost of the home has no impact on the amount of the bond.
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