Originally Posted by rustyp (Post 2302715)

Thanks for the heads up. I would not like being so isolated from amenities that I had to party in a driveway.

Originally Posted by Rainger99 (Post 2302678)

Is there a way to find out what the bonds are for new homes??

I don’t think the Villages lists them on their website.

If not, can people let people know what the bonds are in Lake Denham and Dabney and Moultrie Creek?

Originally Posted by rustyp (Post 2302674)

Did you happen to ask what the interest rate is today on the bonds in those areas ?

Originally Posted by Rainger99 (Post 2302678)

Is there a way to find out what the bonds are for new homes??

Originally Posted by tophcfa (Post 2302594)

There are always lots of excellent pre owned homes available that are very close to everything including amenities, shopping, dining, multiple town squares, and lots of golf and many of them have the bond paid off and are surrounded by beautiful mature landscaping. If you’re not hell bent on buying new, your opportunities are significantly enhanced. Also something that you should add to the list of important things to think about. Best of luck with your search.

Originally Posted by Dusty_Star (Post 2302727)

I just looked at three units in Moultrie Creek & the bond interest rate was 5.19

Originally Posted by frayedends (Post 2302721)

What amenities are we isolated from? Driveway parties happen in most all villages. By your reasoning they are all isolated because they have parties?

Originally Posted by jrref (Post 2302738)

Don't be fooled. After a while all that newness wears off, people get on with their lives, get involved in clubs and activities. Same thing with the town squares. They are very nice but you will probably visit them less often as you get involved in things in the rest of the Villages.

Originally Posted by onfire (Post 2302737)

Does anyone know if CDD's have restructured loans in the past, to reduce interest rates?

It would depend how these bonds are originally written as there could be prepayment penalties or other clauses that make it difficult. I suppose an individual could take out a loan at a lower rate to pay the bond if they wanted.

Originally Posted by frayedends (Post 2302701)

Designer home in Lake Denham and I think my bond was 48K.

We are terribly isolated down here with nothing to do. Just yesterday at lunch in Sawgrass we were discussing that. We talked about how we had to go to the Dabney pool, almost 5 minutes by cart. Or we could go to Franklin, or Homestead, or Ezell. We mentioned how Eastport is 17 minutes by cart and they would only have like 2 or 3 restaurants open by years end. We talked about Harry and the Natives restaurant in Okahumka won’t be open for almost a year.

Two nights ago at the driveway party with over 100 people we talked about how lonely and isolated we were. As the planning for next months party was discussed, we talked about how there was nothing down to do down here, but we ran out of time and decided to discuss tomorrow at pickle ball.

Brownwood is 30 minutes by cart and so it takes us a bit to get to all the restaurants everyone says are so bad. We also don’t get to shop in all the stores and we talked about how we were definitely being screwed because we hadn’t been to a brick and mortar store since the 90s and it would be nostalgic.

Last night when 10 of our neighbors came over for game night we all wondered if we would need therapy to help our loneliness.

I’m not positive but when Jerry and Linda came to our get together at aviary they may have mentioned how they almost couldn’t find us out here in the boondocks.

Yeah it’s horrible down here.

Originally Posted by rustyp (Post 2302715)

Thanks for the heads up. I would not like being so isolated from amenities that I had to party in a driveway.

Originally Posted by onfire (Post 2302732)

You can see bond amounts and amortization schedules on the districtgov website.

e.g. Lake Denham - Unit 69V; bond $40,525 @ 5.47% interest. Payment is ~$2,918 per year for total payment of $88,685 over 30 years.

You can also look up houses on the CAD sites to see their taxes, almost all newer homes have city taxes (Wildwood or Leesburg). Keep in mind the taxes will likely increase significantly on pre-owned homes as the assessed value will increase after purchase (you lose the cap that the previous owners enjoyed).

Originally Posted by BigDawgInLakeDenham (Post 2302745)

:BigApplause::BigApplause:

Soooo Horrible down here. My new friend Dan E is despondent after hosting that driveway party with a fun live band because so many new residents came to share food, fun, and fellowship. Everyone was so unhappy with their decisions to buy into Lake Denham that they were spending the last few dollars they had left on AED donations and contributions to the NEXT neighborhood party....kinda like we like our new community???:shrug::shrug::shrug:

Originally Posted by Altavia (Post 2302676)

It is a confusing market considering they continue to sell within their average of 70-100 homes a week.

I wouldn't be surprised to see prices go back up once Danby is sold out and Richmond/Eastport homes becomes available.

Good luck to your daughter in her search.

Originally Posted by Altavia (Post 2302707)

Unless you are keeping your money under a mattress, $80K invested 30 years @ 5% it will grow to $345,755.

You will have earned $345,000 in interest.

It's unlikely you will fully recover the full amount of a bond early payment in the sale price of a home.