[RCT]

Originally Posted by nanci2539

Regardless of where you buy, or how the "bond" is advertised; every buyer will be paying it on a new home.

You can call it a bond or give it no name. A "bond" is what it cost builders/developers to put in the roads; lines for electricity; water, etc. It's for infrastructure.

Here in IL, they don't call it a bond, they don't call it anything. It's in the price of the home. When you buy a new home, you can bet that some of that price is for the infrastructure.

What TV has done is put it on the table. When a real estaet person tells you there is no bond on a new home in another area, what they are saying is the builder doesn't want to call it a bond and rather put it in the price of the home.

One way or another, you're paying for the infrastructure.

I know this because our good friend is a builder here in IL and told us this when i questioned the "bond" thing in TV. He told us that when we bought our home from him (new), it was included in the price of the home and he doesn't know a developer who has deep enough pockets to foot that bill.

So don't let the word bond turn you off; TV is just putting it on the table.

You took the words right out of my head. Was ready to type the same thing when I saw your post already there. I found it refreshing, actually, that they decided to let you know exactly what the price was for.