Normal, thank you for that easy to discern demarcation line. Bill14564, your explanation of the Bond and its pros/cons is very clear. It is how I already understood it. In CA they have a similar thing to a bond in new areas called a Mello-Roos. It's added onto your property tax for 30 years as well. Does the same thing, pays for the underlying infrastructure. The only thing I would add is that having a bond/lower purchase price is the same as having a higher purchase price except the new buyer can "defer" part of the purchase price out over 30 years on what is essentially a guaranteed pre-approved loan that doesn't factor into their ability to qualify for the purchase loan.
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Chino 1960's to 1976, Torrance, CA 1976-1983, 87-91, 94-98 / Frederick Co., MD 1983-1987/ Valencia, CA 1991-1994/ Brea, CA 1998-2002/ Dana Point, CA 2002-2019/ Knoxville, TN 2019-Current/ FL 2022-Current
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