[Bill14564]

Originally Posted by jrref

If you were in the market to buy a home and you had a choice of basically two identical homes priced the same. One with the bond paid and one not. Would you choose the home that has the added yearly expense of $1,500+, for example, over the home that doesn't have that extra yearly expense?

Look at the bond being paid as an added feature of your home just like having a pool or an enclosed Lanai or any other feature that will make your home more attractive to potential buyers. Some of the bonds in the newer areas $40-$50K can add a significant yearly cost to owning that home with interest rates the way they are right now.

If all else was the same then of course I would choose the home without the bond. However, if the home has been around long enough that an owner has paid the bond then it is unlikely that all else is the same.

For me, location mattered more than the yearly bond payment.

[Bilyclub]

Originally Posted by manaboutown

Are these CDD bonds tax exempt municipals?

No, to the best of my internet knowledge. The developer was in a multi year battle with the IRS over taxes and the bonds that ended a few years back.