Talk of The Villages Florida - View Single Post - Bond payment now all up front on new homes???
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Old 03-23-2014, 10:04 AM
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Quote:
Originally Posted by jebartle View Post
and pay NO bond!....Yea!
All of the infrastructure costs in Lake County must then be built into the sales price. That makes development much more costly in Lake County as the developer must front that cost prior to the first sale.

Many developers fund that infrastructure with cash flow from sales which often results in home owners left holding the bag with unfinished streets, pools, rec centers, etc. as a result of a bankrupt developer.
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Real Name: Steven Massy Arrived at TV through Greenwood, IN; Moss Beach, CA; La Grange, KY; Crystal River, FL; The Villages, FL