Talk of The Villages Florida
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Talk of The Villages Florida (https://www.talkofthevillages.com/forums/)
-   The Villages, Florida, General Discussion (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/)
-   -   60,000 homes planned south of 470 (https://www.talkofthevillages.com/forums/villages-florida-general-discussion-73/60-000-homes-planned-south-470-a-301039/)

tophcfa 12-22-2019 11:45 PM
Quote:
Originally Posted by JoMar (Post 1704054)
I looked at the bond as an opportunity....what the bond represents is included in the price of homes up north and you have no choice. Here you can pay it up front or finance. When it was included up north that choice was not available.
The bond is an opportunity? As i see it, the real opportunity involving the bond is to do what we did. We took advantage of an opportunity to buy a pre-owned home with a bond balance of zero : )

Altavia 12-22-2019 11:57 PM
Quote:
Originally Posted by JoMar (Post 1704054)
I looked at the bond as an opportunity....what the bond represents is included in the price of homes up north and you have no choice. Here you can pay it up front or finance. When it was included up north that choice was not available.
AFAIK, not intuitive but there is no evidence having a bond impacts the sale price of homes. If there were, there might be rational to reduce the tax value of the home by the amount of the bond.

Ashley from UK 12-23-2019 05:14 AM
Quote:
Originally Posted by JimJohnson (Post 1703840)
Remember to add a few thousand to your annual tax bill if you buy south of 44. You will be in the Wildwood City tax zone.
Yes around $7-$8k gulp, double our taxes in London !!!

And a massive bond at humongous 6% interest rate It may be better for us to clear it up front at that rate as UK savings rates are at best 0.5%...

It did re-ignite the discussion New down South or Old up North.

BRN_RI_FL 12-23-2019 05:53 AM
Quote:
Originally Posted by vintageogauge (Post 1704017)
When we bought our home down here all of that was explained to us, our agent, Beth Pope, held nothing back and we had no surprises. We just bought another home from her as an investment and the very first thing she told us was the bond information. If you are working with a good experienced sales agent you will get all the information as they do not want bad press. Your bond is higher and maintenance is higher than your tax bill was in S. Florida, our total bill is less than half of what we were paying in Ohio so everything is relative.
We bought in the northern part of the Villages and also used Beth Pope. She was great. She’s one of the top Villages salespersons and I can see why.

golfing eagles 12-23-2019 06:08 AM
Quote:
Originally Posted by tophcfa (Post 1704080)
The bond is an opportunity? As i see it, the real opportunity involving the bond is to do what we did. We took advantage of an opportunity to buy a pre-owned home with a bond balance of zero : )
Of course you realize the previous owners probably set a sale price that included them recovering some or all of their bond. Look at it this way: Two identical homes right next to each other, let's say intrinsic worth of 300K each. One has a 30K bond, the other none. What do you think the sales price would be for each?

ColdNoMore 12-23-2019 06:39 AM
Quote:
Originally Posted by golfing eagles (Post 1704089)
Of course you realize the previous owners probably set a sale price that included them recovering some or all of their bond. Look at it this way: Two identical homes right next to each other, let's say intrinsic worth of 300K each. One has a 30K bond, the other none. What do you think the sales price would be for each?
While intuitively it would seem that the sales price would take into account the balance of any bond, I don't recall ever seeing any 'comps' include the bond balance...when looking to buy 7 years ago.

In other words, both houses (given that they are essentially the same) would most likely be priced almost the same (primarily based on SF/# of bedrooms/garage size/Etc.), even though you're paying more overall...for the one with the bond balance. :shrug:

Altavia 12-23-2019 07:16 AM
Quote:
Originally Posted by Ashley from UK (Post 1704083)
Yes around $7-$8k gulp, double our taxes in London !!!

And a massive bond at humongous 6% interest rate It may be better for us to clear it up front at that rate as UK savings rates are at best 0.5%...

It did re-ignite the discussion New down South or Old up North.
Bond interest rates currently are close to 4% for new construction.

Balanced, diversified investment funds are earning 2-3 time more than that currently in the US..

dewilson58 12-23-2019 07:37 AM
Quote:
Originally Posted by Robbie0723 (Post 1704099)
Bond interest rates currently are close to 4% for new construction.

Balanced, diversified investment funds are earning 2-3 time more than that currently in the US..



Must add the monthly admin fee to get a true effective rate on the bonds.


Plus


Must take into effect the tax impacts on both sides.


Now you have a more accurate analysis.

crosby114 12-23-2019 07:46 AM
They will end up near Orlando if they keep this up.

golfing eagles 12-23-2019 07:57 AM
Quote:
Originally Posted by Robbie0723 (Post 1704099)
Bond interest rates currently are close to 4% for new construction.

Balanced, diversified investment funds are earning 2-3 time more than that currently in the US..
If you know of a balanced fund that is paying 8-12%, long term, please share:1rotfl::1rotfl::1rotfl:

Kerry Azz 12-23-2019 08:07 AM
Quote:
Originally Posted by Sabrina&Bill (Post 1703714)
Hi, my wife and I are looking to move to TV next spring. Are you aware of any new ground breaking in the near future? I am thinking south Monarch Grove or Fenney? Thanks for your help!
Due to all the blasting in the Fenney area there is a lot of ground breaking.
Just a little holiday humor

psgolf@comcast.net 12-23-2019 08:22 AM
And where are all the golf courses for all these new homes ???

Annie66 12-23-2019 08:32 AM
Quote:
Originally Posted by Lottoguy (Post 1703923)
Geeesshhh after reading these posts were very happy we chose to live in the northern part of The Villages. Less traffic, more golf, more shopping and less taxes.
- not to mention, a much smaller bond payment.

bluecenturian 12-23-2019 08:37 AM
We currently live in Desoto. They are building in Deluna now and then will start on chirpy chatty (44 & 468). Have drove through Deluna weekly and my concern buying there would be the close proximity to the turnpike. You can hear the traffic. If you can hold off I would wait for chatty chatty.

Annie66 12-23-2019 08:37 AM
Quote:
Originally Posted by crosby114 (Post 1704107)
They will end up near Orlando if they keep this up.
- I've often said in kidding that in 10 years, Orlando will be a suburb of The Villages. I'm not so sure that is a joke anymore.


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