Quote:
Originally Posted by Renee
That’s just the way it is in The Villages and a few other communities in Florida. Most communities don’t have bonds. You will get more house for your money and the homeowners will end up owning all the amenities except maybe the golf course when the community is built out. But don’t expect that in The Villages, you will own nothing but the bond and your monthly fee will eventually sky rocket once the development is built out. I believe it’s being keep low now so sales will continue. Just look at the size of the development and the future costs to maintain it along with the fact that all the amenities are sold to private investors.
|
Your amenity fees go up annually by the CPI. Unless the CPI "'sky rockets" your fees will only go up by the CPI. Last year my amenity fee went down because the CPI went down.
Please read and understand the facts before you make unqualified statements.
__________________
Jacksonville, Florida
Andover, New Jersey
The Villages
Second star to the right, then straight on 'til morning.
|