No Cuts
 

I agree, why cut rates at all? They won’t till the fall or even at all this year. The new norm is setting in and prices have to be driven down in homes. Those who bought in 2020 or 2021, Merry Christmas if you borrowed at 2.5%. Those days are long gone now. Nobody is going to pay those loans off early. Interest rates need to stay in the 7-10% range.

This is not similar to what has happened in the past. The last time loans were being given to anyone, even those that they knew could not afford them and the prices sky rocketed on homes. Fast forward a couple years they were all in foreclosure, tons of vacant homes hit the market, and the prices tanked. That is not the case here, Prices are high due to inflation, and lack of inventory. There are thousands of buyers out there waiting for rates to come down that will jump in and buy at the current high prices as soon as a rate drop happens, if it ever does. 7% is still a bargain when compared to rates 30 years ago.

I think what is being missed is that one of the reasons interest rates are manipulated over time is to force people to put their money into the pyramid scheme, ah.... stock market, to make any type of gains. One cannot be elected if the stock market is bottoming to it's actual value.

Why would they? Why would anyone with half a brain?

Makes no diff they get 40-50k from each home and that pays for probably
 

Wrong answer

In The Villages, property bonds are used to finance many of the community's amenities, including golf courses, recreation centers, and swimming pools. When a new facility is proposed, the developers of The Villages will issue a property bond to finance its construction. The bond is then sold to investors, who receive interest payments over the life of the bond.



I guess you forgot the “ect” part. This is all about infrastructure period.

Not sure why no one understands what a cdd pays for.. What is the Community Development District in our community specifically responsible for?
The CDD may provide the following publicly-owned elements:
Recreation, Executive Golf Courses, Public Safety, Neighborhood and Village Watch Services, Gate Houses
Off-site road improvements, streets, sidewalks, street signs and street lighting. This will be transferred to the County for maintenance
Water management. Including main line irrigation, lake and water control structures
Conservation areas
Water and sewer facilities, which will be transferred to the appropriate franchised utility
Landscaping and entry features

More
 

Florida created CDDs, a particular kind of local government, to make it easier to finance and manage infrastructure and services in planned communities. To finance the construction of infrastructure, such as roads, water and sewer facilities, stormwater management systems, and recreational amenities, CDDs, as special-purpose governmental units, have the right to issue tax-exempt municipal bonds. Notable CDDs include the Reedy Creek Improvement District, the location of Walt Disney World and currently the center of a power struggle in the State of Florida, as well as substantially all of The Villages, the giant Central Florida retirement community.

Just cut and pasted off their website.

Go read it and educate what THEY SAY.



Hope your day improves.................not enjoying the hatred.

Did not forget, jus don't know what "ect" is.

chilout

:1rotfl::1rotfl::1rotfl:

Funny
 

I have had a great day laughing at…

Look !
 

Right at the bottom of the villages story .. this is about infrastructure! Pretty good explanations out there.

Investors can take their profits and run anytime they wish. Also one WILL be elected if the stock market has bottomed, no doubt about it.

Thank you for sharing. We are looking to buy in Eastport!

They've broken ground for about a dozen new Villages within 3-4 mi of Eastport that are in various stages of site prep and construction.

They historically complete about 3 Villages a year, so they likely will be building in that area the next 3-4 years.

Good luck!

Yeah, I should have said re-elected if the stock market tanks around November in an election year.

An investor can take what is currently left of his investment in a down year and run. I agree.