[coleprice]

The link that you provided requires the user to do a search to find very little information regarding Bond Payments. It certainly doesn't quantify the Amounts of Payments and the Amount of the Bonds. Another response below quantified Bonds as high as $72,000, which is the amount a Buyer of a home owes, in ADDITION to the home's purchase price. The Villages is Transparent about the amount of the Bond that a Buyer is assuming when selling new homes. So Buyers need to consider the amount of Bond that they are responsible for whenever purchasing a home in The Villages since they are responsible for paying that debt, which they are assuming.

[Indydealmaker]

Originally Posted by Rainger99

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.

You need to remember that forum posts without reference to documentation are just OPINIONS.

[onfire]

Originally Posted by coleprice

The link that you provided requires the user to do a search to find very little information regarding Bond Payments. It certainly doesn't quantify the Amounts of Payments and the Amount of the Bonds.

I didn't post the link, but perhaps this will help:

Finance - The Villages Community Development Districts

You can navigate to the CDD and property location, then it will show a full schedule in detail.

[Birdrm]

Bought new in 2022 and my bond is $1,129 per year.

[Nana2Teddy]

Originally Posted by Goldwingnut

I think we'll find that no matter which side of the argument you are on over the impact of the bond on home sales here in The Villages it is all conjecture and opinion.

The bond amounts continue to rise and will likely always continue to rise. CDD15 phase 2 bonds are higher than the phase 1 bonds and CDD16's bonds next year will be even higher. All three are higher than cdd14, and those before CDD15. Inflation.

The only accurate way to assess if the bonds are truly increasing is to not look at the cost for the individual home but the cost per developed acre (the underlying factor), adjust it for inflation since issuance, and then compare it to the inflation and marked adjusted home cost in that area. I did this 5 years ago when I did my video on the bonds ( https://youtu.be/nGwf7AcmyEI?si=7zOHETbxY8DDnUSl ). What I found was that the adjusted cost per acre and the bond/home price ratio of the bond value actually decreased over a 15 year period.

Sure do miss your drone videos. Hope they’ll come back eventually.

[OrangeBlossomBaby]

Originally Posted by 4$ALE

Could you please double check that and maybe provide a link for us to read?

Found the reference, turns out it's a different type of bond, not a development bond. It's actually an anti-development bond that gives the city the right to purchase unused parcels and preserve them, thus preventing over-development. It was approved by the voters and will cost homeowners an average of $21 per year.

[DAVES]

Originally Posted by Rainger99

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.

An endless confusion. The bond, you are paying for home support stuff like roads. One way of the other you pay for this as taxes, and or in the price of the home. Sounds like you have a mortgage on your home. The bank can tell you the interest you pay on the bond it is our ours was higher than the interest on the mortgage. You will be told, if you pay it off you will not recover the cost. Not sure that is true. Buying a resale. The SALES PERSON will tell a new buyer that the AC is new or whatever. They try not to open up the bond can of worms. My view. If, you pay 500 for a home and the bond is 30, you paid 530 for the home and the 30 you pay a higher interest on it..
Finances, it always depends. Contrary to my PLAN, we do not itemize so interest is not deductible. Typically as in a mortgage you pay the interest first and then the principal; MATH CONFUSION. If, you pay the interest first and you then decide to pay it off the real interrst you've paid is higher than what you are told-if you ask.

[DAVES]

Originally Posted by Birdrm

Bought new in 2022 and my bond is $1,129 per year.

People tend to think so much per year kind of thing. It is based on what the house was priced at new. A more expensive home will have a higher bond.

[Pairadocs]

Originally Posted by Rainger99

It is to provide information to people who are considering buying in the Villages. As a general rule, the more information that you have, the more likely you are to make an intelligent decision.

Excellent, clear, succinct answer, bravo !

[DAVES]

Originally Posted by CoachKandSportsguy

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?

All posts here are OPINION. Wise to confirm anything you read. A cop gives you a ticket-but whatever pseudo name on talk of the villages said it was legal will not help.

[TheWarriors]

Originally Posted by DAVES

People tend to think so much per year kind of thing. It is based on what the house was priced at new. A more expensive home will have a higher bond.

Exactly, too many people comparing apples and steaks. A 1/1 is in no way comparable to a 3/2 or 4/3. The bond is less because the home is less. Seems to me those purchasing more expensive homes with higher bonds know the details and can afford it. Good for them and our community. It’s like a person driving a Honda CRV complaining about the cost of an oil change on a Ferrari they don’t own.

[Bill14564]

Originally Posted by DAVES

People tend to think so much per year kind of thing. It is based on what the house was priced at new. A more expensive home will have a higher bond.

Bond is not based on price of home. A more expensive home may have a higher bond but not necessarily. Easy example: all homes in an area pay the same bond amount though it’s very likely that some of those homes cost more than others.

[DAVES]

Originally Posted by mkjelenbaas

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

Sort of true but not. If, you want to, you can pick a house address and find who owns it what it is worth, if there is a mortgage and perhaps the name of their dog. PRIVACY is an illusion.

[Bogie Shooter]

Originally Posted by DAVES

All posts here are OPINION. Wise to confirm anything you read. A cop gives you a ticket-but whatever pseudo name on talk of the villages said it was legal will not help.

Originally Posted by DAVES

People tend to think so much per year kind of thing. It is based on what the house was priced at new. A more expensive home will have a higher bond.

Originally Posted by Bill14564

Bond is not based on price of home. A more expensive home may have a higher bond but not necessarily. Easy example: all homes in an area pay the same bond amount though it’s very likely that some of those homes cost more than others.

Confirmed as wrong.

[mtdjed]

Originally Posted by bowlingal

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

Not quite the way math works. In my opinion, a 30 year loan at 7% interest and a $1000 yearly payment would have an original bond somewhere near $12000 to $13000. MY math may be faulty but remember that the Interest is included in that $1000 yearly payment.