Originally Posted by asianthree (Post 2385935)

New house in 2021 and only $1000 a year bond is impressive on a new house south of 466a. In 2010 we were just under $1,000 that was in Pennacamp near LSL.

Originally Posted by jimhoward (Post 2385918)

I just bought a new house in shady brook. The bond was just over $40k. The interest rate is around 5.5%. I was surprised it wasn’t more.. It’s easy enough do the math and the payment comes out to $3300 or so (plus or minus a couple hundred bucks).

I didn't see any lack of transparency. They tell you the exact bond amount, the term and the interest rate. The payment just falls out.

I doubt I will pay off the bond early because the bond has little effect on the market price if you sell. It perhaps should but it doesn’t seem to. It affects the market size as some people won’t accept bonds and some people mentally add the bond to the price which steers them away from newer homes. But those people are few. A bond free home may sell fast, but it doesn’t seem to sell for more.

Financially keeping or paying the bond is about a wash as the return on money invested elsewhere is similar to the interest rate on the bond.

So I plan to just keep the bond and pay it every year.

Originally Posted by OrangeBlossomBaby (Post 2385945)

My home didn't have a bond. Neither did anyone else on my side of The Villages. We're in the city of Lady Lake, in Lake County, and there were no bonds imposed on the manufactured homes rolled in when the "Historic Secton" was developed. All homes built in our area up to the present time, replacing those manufactured homes with "site-built" and block and stucco, also had no bond.

I think we voted to start imposing bonds going forward though, it was one of the things on our ballots in November.

Originally Posted by CoachKandSportsguy (Post 2385955)

So where is your source of data to prove your assumptions of sales effect?, otherwise they are just another opinion. And if you have data, how did you attribute the customers which didn't look at the houses?

Originally Posted by bowlingal (Post 2385997)

bond payment of $1000/per year, for how many years? 30? then your bond is $30,000 at what 7%? Not so good

Originally Posted by CoachKandSportsguy (Post 2385955)

So where is your source of data to prove your assumptions of sales effect?, otherwise they are just another opinion. And if you have data, how did you attribute the customers which didn't look at the houses?

Originally Posted by Rainger99 (Post 2385698)

Some threads say that the Villages is not that transparent about bond payments on new sales and that people are shocked when they get their first tax bill.

I have been told that bonds in the new areas are very expensive.

I bought new in 2021 and pay about $1,000 a year.

Originally Posted by asianthree (Post 2386005)

So OP $1,000 a year bond with interest and admin fees in 2021 would be far less than $30,000, which OP has not stated original bond at build.

Originally Posted by mkjelenbaas (Post 2386012)

As to your question wanting to know my bond payment - that is proprietary information and don’t disclose the amount - but thanks for asking.