80,000 bond is high
Personally, I think they should dump the bond idea altogether. Florida should legally eliminate bonds. If a builder wants to develop fine, but have them do it on their own dime and charge accordingly.
Bonds are just a way to muddy the waters of a real estate deal and make things “appear” cheaper than they actually are. They entice the builder to keep on building and leverage against buyers.
80 K bonds do seem rather high.
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