Good to hear that more people are catching on WRT Mello-Roos bonds. Personally, I detest this type of financing because it’s like everything else in this credit-crazed market: “How much per month?” Whenever I hear about “payments” when I ask about price, it makes me want to scream.
It’s a crazy market, isn’t it?[/quote]
Oh, I totally agree with you CAR that I hate these types of bonds. I wasn’t crazy about buying at first in a Mello Roos area but I can honestly say 100% that I totally don’t regret it at all.
I’m so thrilled with our area, the schools are excellent and I love our community that we ended up in. In principle I understand why they have Mello Roos bonds if they stick with the original amounts, they don’t squander the money and everything is above board and transparent.
Unfortunately with governmental entities here, that isn’t always the case as we all know.
Your point CAR about “how many payments” is so spot on target! That drives me nuts as well.
Absolutely it’s a crazy market. Certainly not “normal” at all. And I get a bit of a kick out of people that think this is a “normal” market. Normal real estate market, normal stock market, etc.
