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Originally Posted by Altavia
Very interesting point, that tax savings could cover a significant amount of the bond cost.
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Perhaps if you lived in an unincorporated section. But aren’t most of those bonds already paid off?
The only real place where bonds are high and only climbing are in the new sales area. Here 100% of the homes have a bond and 100% of the homes are incorporated. Generalizing any new home purchased has about a $50,000 added bond and at least an additional 1,000 dollars annually for life to cover municipality taxes. The rarity is finding an almost new home where someone paid off the bond.
Unincorporated is quickly becoming the viable buying option for those who are budget savvy.