Quote:
Originally Posted by IowaParkersburg
The bond is the cost per lot of the infrastructure costs that in other places is included in the cost of building a home like nails and concrete and shingles for the roof. Bond is roads, side walks, curbs, etc. Don't blame the tax man, this one is on the developers. No offense, I just except that I paid 250K for our house and not 230K plus 20K bond. It is a way to make the house appear to be 20K less than it really cost you. Nothing sinister, just a Marketing tool.
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You are making my point, these are legitimate housing costs. Has the deductability been tested. If so, when and what was the decision and or legal opinion? Does anyone posting here know? I think that the purpose of the bond was more a financing strategy than a marketing tool. Most housing affordability issues revolve around monthly out of pocket, and less on nominal purchase price.