Quote:
Originally Posted by Jayhawk
Would it make people sleep better if, instead of the bonds, the developer simply added the same cost to the total price of the house as they do pretty much everywhere else in the country? Bond-talk has been happening for years, and some people still don't get it.
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Actually it is to the buyer’s advantage to have the bond separate from the purchase price of the house! If it was included in the purchase price of the house, you would be paying property taxes on the value of the bond as long as you own the house!! Up north the infrastructure is roads, common utilities, maybe sewer, and maybe some common area for the residents. Here in The Villages the infrastructure is much more involved and the total cost is much more. Also, because of inflation driving up the cost of the infrastructure, current bonds on new homes are much higher that the bonds in the northern parts of The Villages that were developed 20 years or so ago.