[quote=bearishgurl][quote=earlyretirement]…BG, to your knowledge, has any CFD areas ever had their bonds extended past their original pay off dates?[/quote]
NO! But in 1987-1991, it was not common to use exotic vehicles and/or I/O loans to fund the MR construction bonds. In addition, the community got three fire stations and a YMCA out of the deal. All but one fire station was built in 1992 or prior. Building costs and materials have gone up exponentially since then.[/quote]
Thanks. Yep. I agree. Not only have building costs and materials gone up but probably so has the propensity for fraud and abuse! LOL.
I appreciate all of this information. I totally agree with you that it will be interesting to read more stories about this Mello-Roos issue. Most people don’t seem to care about this at all as we both noted.
