[dwbevan]

Originally Posted by graciegirl

This is over simplification about THE BOND.

Here in Ohio when a developer puts a price on the home he/she figures in the cost of the infrastructure, the roads, the laying of pipes and electic lines, the street signs, the flower beds at the entrance, the club house etc.

In The Villages the price for the infrastructure (IN PLACE and FINISHED when you buy the house) is called the bond and it is separate. It is easier to understand if you figure that a typical Camellia on an interior lot is selling for around 220K and the Bond is around 20K so the house is really selling for 240K and than it is easier to make comparisons.

When you buy this home, new or used, you have a choice to pay the bond off in one lump sum or continue payments, much like taxes over the years. Although about half of home buyers pay for the home, many do not pay off the bond.

Hope this helps. BK is better at explaining this and she will get my back.

Welcome Mermaid.

Gracie,

You are a wealth of information, and have a great way of putting things in perspective. Thank you.

Debbie