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Originally Posted by retiredwineladys
The interest rate on my bond is almost 7%. I am wondering how I can purchase the bonds when they become available since that is a very high interest rate for something that has no risk whatsoever. Has anyone looked into this?
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Yes, you can buy them IF your broker knows what to look for and lets you know as soon as they are available. I understand that they usually sell out to institutional investors within hours after an offering is made. You don't buy the individual homeowners' bonds, but the bonds that are sold when a whole section or district is being developed. I bought some a couple of years ago with 6% interest and I agree with you, it's about as close to no risk as investments go these days. I believe that $10,000 is the minimum purchase.