Doesn't the developer "issue" the bonds and did so at the rate they wanted to?
Not the same as corporate bonds and general obligation etc.
At 6% interest I'll take all the bonds I can buy.
Give me 7% and I'll go out 30 years!
We had a bond in Orlando too although not as much as here.
Our first offer from someone to buy our house included that they would "pay the bond" annually like we did.
The offer was good but went with renting the house out instead.
I think it will work the same here so no real reason to pay off the bond.
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