Quote:
Originally Posted by Normal
If you bought between 2020-2022 it may be cash foolish to pay off your bond. 30,000 will make more in a CD at the bank than the loss in interest for a bond. Of course now interest rates are much higher.
Fun fact though, your bond payment for many Villages south of 44 is paying for roads and your sewage treatment plant etc. You are also paying for another sewage treatment plant for the city of Wildwood to the tune of 120 million and that price is escalating.
Hmm, in hock for the sewage treatment plant for your village fo a decade plus, and then paying for someone else’s simultaneously. The bond for one and more taxes for the other. What a great idea. /s
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We bought new in 2022 and our bond interest is around 3%. We’re definitely not going to pay it off. Interest began to rise significantly right after we bought, so we lucked out.