Quote:
Originally Posted by Mr.Kris
For me, I’m looking at buying a $350,000 designer with a $51,000 rec facility bond requirement, and if new, with a $30,000 infrastructure bond. Therefore I will be obligated for $431,000 plus fees (amenity), taxes, etc.
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The last sentence confuses me. It seems you are charging yourself the amenities fee twice. You list a $51K rec facility bond requirement and later mention amenities fee, taxes, etc. as an additional expense. The bonds for purchase of the facilities are issued by the central district (LSCDD) and the principle and interest payments are from our amenities fee, not a separate amenity fee. So the $51K is your only obligation as far as the purchase AND use of the facilities.
I understand that when you look at the total like that it may not be attractive, but it's not different from looking at the total paid for a financed car or the total paid on a 30-year mortgage. You have to do what works for you financially and psychologically. My interest is that others read these threads and I want to be sure that we are clear in what we say.
Best to you.