[Indydealmaker]

Even the most cursory inquiry into the CDD costs reveals the Annual Maintenance Assessment.

[tophcfa]

Originally Posted by jrandall

The counties throughout the State of Florida are on an Oct 1 Fiscal Year. The late summer months are when hearings occur regarding the budget. Just because there are more seasonals that own homes in The Villages does not require a change in how the State Counties conduct their fiscal process. If one is very interested to participate in hearings they are published in newspapers and the Counties websites.

True, but the CDD’s are not part of the state counties. The CDD’s are local Villages governing bodies. Anyone with even half a brain would have know when each CDD was formed that approximately half of the homeowners in the CDD’s would be seasonal residents, yet they set the fiscal year such that the the important budget meetings take place during the summer! Go figure?

[Marathon Man]

Originally Posted by Luggage

The real question should be what is your total tax burden, compared to being outside of the villages such as being in Leesburg proper in a normal home without golf courses or 50 pools?
I live in a senior community in Lake county and my taxes for a 2000 foot home is approximately $1,300 a year, my HOA fees which do not include going to the golf course for free, but do include cable and high-speed internet or roughly $212 a month. We don't have a bond to pay off either. So basically you do get what you pay for more or less, we chose less as we do not golf and we have less flowers than you do and a much less restrictive HOA covenant.

Someone who does not live in The Villages has over 800 comments on "Talk of The Villages". Makes me wonder - Why the interest?

[Carla B]

Originally Posted by RichardDonnaH

Hi
May we ask what community you are in? We're looking to relocate and think the Villages may have to many fees.

Thank You

Richard Donna

He may be speaking of Pennbrooke, which is on Hwy. 44 toward Leesburg. There are several developments in Lake and Marion Counties, as well. Some names that come to mind, although I have no details about their structure: Arlington Ridge, Legacy of Leesburg, Plantation, Scottish Highlands. In Marion County, Del Webb Spruce Creek, Stonecrest. Harbor Hills is a beautiful community on Lake Griffin but I believe it is an all-age community..

[Laker14]

Originally Posted by Bill14564

Why would someone who doesn't own a home here and feels our homes are not the best homes to purchase be commenting on these boards?

ignore him. He's a bitter troll.

[Laker14]

I have to admit, I don't think I was paying attention if the maintenance assessment was explained, however, I think we can easily understand that it costs money to build infrastructure (which is what the bond is financing), and amazingly, the stuff doesn't last forever without needing some repairs or improvements from time to time. Maintenance is not paid for by the bond. We are assessed for those expenses as they arise.

I may not be the sharpest crayon in the box, but even I can understand that.

[Laker14]

Originally Posted by RICH1

When people wanted Fast Food workers wages to be that of a Union Tradesmen, these kind of things happen… it’s a chain reaction

Federal Minimum Wage: $7.25/ hour. Minimum Wage | U.S. Department of Labor

Florida Minimum Wage: $10.00/hour. What's the Minimum Wage in Florida in 2022? | GOBankingRates


New York Minimum Wage: $15/ hour. Proposed New York state minimum wage increases would lift wages for more than 2 million workers through 2026: Minimum wages would range by region from $16.35 to $21.25 per hour by 2026 | Economic Policy Institute


California Minimum Wage: $15.75/ hour. July 2022 California Minimum Wage Increases - California Payroll

Your post implies that these minimum wages are the same as what union tradesmen make. Is that really your position?

[Laker14]

Originally Posted by Regorp

We come here on a fixed income, calculate what we can afford, buy that new home on a budget, then that fickle finger breaks your best laid plan with gimme more money. I love TV, but give us a bit more of a financial break, please

Did you fail to calculate the effects of inflation?

[skippy05]

Yes, it is true you should have done better research before purchasing. The fees are indeed endless. However, good news, it is easy to sell at this time in The Villages and there are plenty of nearby options that are still 55+ and far fewer fees. And, you can still visit The Villages. Real options to consider....

[jmaccallum]

Originally Posted by Sabella

A lot of important $ information was not discussed/disclosed when I purchased.

Florida Real Estate Agents work as “Transaction Brokers” brokering only the transaction. They represent neither Buyer nor Seller and don’t have a fiduciary responsibility to either. Hence, they don’t have to disclose anything. Caveat Emptor.

[Blueblaze]

Originally Posted by Bogie Shooter

Easy to criticize from afar, without any facts.

What facts would those be? They raised the assessment 15%. The only thing that changed was the cost of delivering the same services as last year. The government and my social security check says the money is only worth 8% less than last year, not 15%.

What facts am I missing?

[retiredguy123]

Originally Posted by jmaccallum

Florida Real Estate Agents work as “Transaction Brokers” brokering only the transaction. They represent neither Buyer nor Seller and don’t have a fiduciary responsibility to either. Hence, they don’t have to disclose anything. Caveat Emptor.

Not true. If you are a Florida licensed real estate agent, you have a fiduciary relationship with both the buyer and the seller. That is the law. Having a fiduciary relationship is not the same as representing a client in a transaction.

[Bill14564]

Originally Posted by Blueblaze

What facts would those be? They raised the assessment 15%. The only thing that changed was the cost of delivering the same services as last year. The government and my social security check says the money is only worth 8% less than last year, not 15%.

What facts am I missing?

So you don't understand what the maintenance assessment goes towards. While there are some "same services as last year" the maintenance projects are an as-needed type of thing. It is likely that either the projects last year cost more than anticipated or there are some large projects expected in the near future. Both of those cases would necessitate collecting additional maintenance funds above what are needed to provide the "same services as last year."

[Rwirish]

Continue to leave the check book open while living in TV.

[Laker14]

Originally Posted by Rwirish

Continue to leave the check book open while living in TV.

Yep. Like life in general.
I'm going to go way out on a limb here and predict that in 3 years food, medical insurance, and cars will cost more than today.
While I'm playing Nostradamus, I'm also going to predict that nobody working for the companies that maintain the infrastructure in and around TV are going to be making less in their wages than they are today.