Originally Posted by Bill14564 (Post 2107601)

What are you talking about? The bond is paid on the property tax bill, the property tax bill comes once per year. There is no "so much per month" for the bond payment.

My bond payment is in the neighborhood of $1,300. My house was built eight year ago and bonds are higher for the newer areas but it is incredibly difficult to believe that even they are at $13,200 per year ($1,100 per month).

Originally Posted by vb993 (Post 2107850)

All developments that I have lived in, the developer pays for the infrastructure - roads, utilities, etc. and pays for them from the profits of selling the homes. When the developer has completed the development he turns over the ownership of the common facilities to the Property owners, who then own the common facilities and decide what to do with and pay for them. Not so in the Villages. The developer charges a Bond to pay for the infrastructure, and the developer it turns out owns the common facilities and charges the homeowners a monthly fee to use them. So the property owners pay for the facilities, but the developer owns them and he can do what he wants with them. Close down amenities, convert common areas to apartments, whatever. Can't wait to see what else the greedy kids of the developer have in mind. Convert all of the golf courses into apartments? I know the response - if you don't like it here then move. So I have.

Originally Posted by rogerk (Post 2107871)

Do the math! The bond interest rate is probably less than you are earning on your investments. You can pay the bond off at anytime; there is no rush.

Originally Posted by rogerk (Post 2107871)

Do the math! The bond interest rate is probably less than you are earning on your investments. You can pay the bond off at anytime; there is no rush.

Originally Posted by rogerk (Post 2107871)

Do the math! The bond interest rate is probably less than you are earning on your investments. You can pay the bond off at anytime; there is no rush.

Originally Posted by rogerk (Post 2107872)

Ask the district what your specific bond’s interest is! They are not all the same.

Originally Posted by retiredguy123 (Post 2107839)

Even if they do the math and they are willing to pay an extra $20k for the house because the bond is paid off, at today's current mortgage rate of 6 percent, that is an extra $1,200 per year in interest. For some buyers, that may disqualify them for a mortgage. But, as I understand it, mortgage lenders do not even consider a bond on the house when they appraise the house or determine the buyer's mortgage eligibility.

Originally Posted by DAVES (Post 2107589)

Actually that is too common. So much per month is common You should check and know. It is so much per month is common sales tactics As is first month is free. They know exactly how many people will forget to cancel after the first free month.

Where does the money go? It is a good idea to write it down for a month.

Originally Posted by GOLFER54 (Post 2107679)

Pay it, save money and one less headache.

Originally Posted by Glowfromminnesota (Post 2107948)

From a buyers perspective, we specifically were only looking at homes with no bond or low bond when we purchased ours in September.

Originally Posted by fastboat (Post 2107734)

What we did was take out a home equity loan and paid off the bond. This way you can at least write off the interest and probably at a better rate than you're paying on the bond.

Originally Posted by ahill99 (Post 2107983)

Does anyone know if the if the interest expense on the bond payment is tax deductible? My guess is that it is not.