Quote:
Originally Posted by Normal
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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No developer, anywhere, ever, is going to build infrastructure "on his own dime". Usually it is included in the price of the home, here it is financed by bond offerings. Same difference, but it does make the price of the home appear to be lower. No different that the low fare airlines that then want to charge you extra for the engines or a pilot.