Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#46
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The information found here might help some to better understand bonds in TV - > Residential Bond Assessment Information
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#47
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Real life is never that simple and is often rather messy. |
#48
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nope
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behavioral economics explains human behavior much more accurately, economic 101 is 1950 's theories, which no longer hold relevance. you are showing your age |
#49
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Judge Judy
The book is "Don't pee on my leg and tell me it's raining"
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#50
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I will comment on bond payments. If market price of your house appreciates you sell you are getting the appreciation when you sell and not necessarily the total value of the bond you paid off. We are in our house now for one year and not sure if we will move to a larger one. As a result we have decided not to pay off the bond now and will wait to see what we wish to do when the world allows us to travel again. |
#51
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Pam&Nick The government cannot give anything to anyone without first taking it from someone else |
#52
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never disagreed with that statement
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If you read my posts, I suggest that with the recent rate (say 2017 onwards ) of house appreciation for new houses, you will get your bond payment back between 3-5 years of house appreciation, based on a bond of approximately 10% of the house value and an appreciation rate of 2.5% to 3%. So, if you want to save the cost of interest, which is significant over 20 years, and you plan to stay over 5 years, then you will get the cash you paid back, and save a ton on interest payments, thereby making your retirement income last longer. So I don't disagree with your actions of not paying it off if you are thinking about moving within 3-5 years, I just disagree with the people who say that you never get your bond payment back if you pay it off early, or don't believe that they ever will. Kind of like debunking an old realtor tale to never pay it off, which if everyone paid off their bond, would cause the cost of the villages public bonds to be more expensive as they would get a reputation for never lasting their stated duration. sportsguy |
#53
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#54
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Identifying as Mr. Helpful |
#55
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Zero percent chance of rain today.
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#56
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Ask a current buyer how much the "Blue Whale" model house costs. Most will tell you it cost X dollars plus upgrades. Very few will include the 30 to 40K cost of the bond even though they are aware of it.
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Pam&Nick The government cannot give anything to anyone without first taking it from someone else Last edited by npwalters; 01-18-2021 at 08:45 PM. |
#57
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The bond is The Villages equivalent of " plus shipping and handling".
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Pam&Nick The government cannot give anything to anyone without first taking it from someone else |
#58
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