I think they may have contract obligations to the bond holder to keep it at a certain interest rate??? just speculation on my part.
haha, we are in lizard country, aka Stonebridge. According to some people’s Thomas Guide, the place is so far flung they didn’t even assign a page #![/quote]
Yes, I thought about that as a possibility. Like with the PUSD Capital Appreciation Bond mess and the lack of them being able to refinance lower. It’s all shady and even when you try to investigate and find answers it’s usually a dead end.
Our only hope with that is the media and that they continue to press forward with investigations and reporting it. It’s the taxpayers biggest ally.
Stonebridge is great….. We have a friend living there and they LOVE it and our realtor also lives out there and raves about it. Such beautiful homes as well. That’s a great area. far flung..ha ha. Yeah, I get a crack out of some of that “far flung and lizardland” talk….
