Based upon my rough calculations, each single family home will start out with MR about $1450 – $1500 year and condos $1064 – $1140 year which will go up 2% per year into perpetuity because there are no bonds to “retire.”
That has the same financial effect to the homeowner of adding $145K to $150K to the purchase price compared to a similarly-situated living unit nearby which does not have all these fees (Mello Roos) attached to it.
All the former arguments for MR here on the forum stated that they (the Pigg buyers) felt they got a better deal because they got more house for the money than they would have had they NOT bought into a CFD.
At Horse Creek Ridge, the opposite appears to be true due to the negotiations crafty County (who is NOT going to be left holding the bag) made with this developer.
