When we were looking at pre-owned homes, if the listing included “Bond is paid,” that property became a contender. One must realize that the Seller would likely increase the selling price in order to recoup the bond payment(s). They may or may not recoup all of it, but now the buyer could be amortizing the higher purchase price at an interest rate greater than the original bond.
I embraced the idea offered earlier to keep a pile of “cash” inside MY portfolio that throws off enough interest/dividends to pay the yearly bond. I sleep pretty well after making this decision. Your mileage might vary.
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