Talk of The Villages Florida - View Single Post - Bond Prices
Thread: Bond Prices
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Old 12-22-2012, 03:49 PM
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Quote:
Originally Posted by janmcn View Post
Who gets away with charging 6.93% yearly interest in this day and age? After paying $1114.87 per year for 30 years, you would wind up paying $33,446.10 plus fees, for the $13,338.17 bond And from what I understand that interest is not tax deductible.

IMO, it would be better to add the cost of the infrastructure into the price of the new homes like a lot of developers do. Obviously, having the bonds separate keeps house prices lower.
The amount of interest seems excessive to me too.......but It is a marketing strategy to have the amount of the infrastructure separate from the price of the home. Different to be sure. But not illegal, immoral or fattening.
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Last edited by graciegirl; 12-22-2012 at 04:30 PM.