Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
#1
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Just read two articles in today's Daily Sun about two new Village developments to be built (Bellaviva at Whispering Hills and Cypress Reserve).
Both have posted yearly assessments of over $8000 for a single family home. Am I correct in this figure? How many people can afford this? |
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#2
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Note that a bond is not an annual assessment. It is a lump sum loan that is amortized over 30 years and charged to the property owner as principal and interest. The property owner can also choose to pay off the loan to avoid paying the interest. If the owner chooses to pay off the loan, it must be paid off all at once.
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#3
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In addition to principal and interest there is an admin fee. Paying it off early saves the interest plus the admin fee. Don’t pay it off early and you can pass the balance to the purchaser.
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Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works. Confirmation bias is real; I can find any number of articles that say so. Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough |
#4
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OP, it looks like your figure is correct. The bond amount for a typical single family house in Cypress Reserve is estimated to be $87,408.62, and the annual bond payment to be $8,348.69, to include principal, interest, and the admin fee. As to how many people can afford it, I assume that a lot of people will be able to afford it.
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#5
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#6
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Do you think the purchaser will notice the house comes with an unpaid bond of $80K?
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#7
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So yes, I think the purchaser will notice but no, he won’t notice an unpaid bond of $80K.
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Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works. Confirmation bias is real; I can find any number of articles that say so. Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough |
#8
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#9
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#10
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I can tell you with absolute certainty I know one guy (very well) who can't afford it. He also can't afford a Porsche Cayenne. Yet somehow, he finds a reason to go on. |
#11
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Please any person who has done their due diligence knows there is a bond. Asks what the balance is. It not a secret
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#12
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OP should correct his wrong information if this is true.
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The further a society drifts from truth the more it will hate those who speak it. George Orwell. “Only truth and transparency can guarantee freedom”, John McCain |
#13
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The problem is many people will not do their due diligence and blindly go ahead
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#14
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There is no indication in either of these public filings that this is The Villages Land Company.
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#15
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Our cost page in 2007 was basically the same items, but cost was slightly higher on amenities fee, and bond on the current new neighborhood. When our oldest looked at homes in 2018 the agent assigned to them gave them the bond amount without the need to ask. I have found mls has a tendency to leave out bond cost, unless pressed I don’t think I have ever met anyone that said “I had no idea what the definition of bond cost” and we have lived in multiple villages (5). But many were confused that their Water bill was outrageous. They knew there was amenity fee, just didn’t realize that’s how the fee was paid.
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Do not worry about things you can not change ![]() Last edited by asianthree; 01-06-2025 at 05:36 PM. |
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