Talk of The Villages Florida - View Single Post - Future Cost: Private to Public Transfer
Thread: Future Cost: Private to Public Transfer
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Old 02-09-2014, 10:26 AM
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Quote:
Originally Posted by TrudyM View Post
As I understand it bonds are not an ongoing recurring thing. The bond everyone speaks of is attached to the lot and reflect the cost of the initial construction of the public works infrastructure. The amount of the initial bonds differ by unit (area of TV) because the cost of building these infrastructures have changed over time. You have the option of paying off the bond at purchase and as the interest rate is well over prevailing a lot of people do so. It is just an artificial way of making the houses look cheaper it is a marketing trick of sorts for the real cost of a house take the price and add the bond. If you are speaking of some other bond please enlighten me, as I am unaware of it.

Yep Yep Yep..................I always looked at the bond amount as additional cost of the lot. The bond structure is used to spread the infrastructure costs PLUS one billion dollars for the developer.