Mello-Roos Bonds: Poway School District.

[temeculaguy]

No investment is 100% safe but those bonds are as close as you are going to get. The taxes and bonds on a property do not go away when a house goes into foreclosure, they accrue interest and penalties and must be paid back when the bank sells the house or land, the transfer cannot take place until it is paid in full and if it isn’t paid in full for five years the county will take the property. Nobody is better at making sure it gets paid than the county assesor, mello roos cannot be negotiated down like the value. The ways that you can get screwed out of your investment are things like nuclear war, California falling into the ocean, or anything else that would make the land vanish and become inhabitable forever. The odds are in your favor.

[oxfordrick]

yes but what happens if 60% of the development does not build out until 2025?

And Black Mountain Ranch llc and merchant builders go BK?

[oxfordrick]

yes but what happens if 60% of the development does not build out until 2025?

And Black Mountain Ranch llc and merchant builders go BK?

[oxfordrick]

yes but what happens if 60% of the development does not build out until 2025?

And Black Mountain Ranch llc and merchant builders go BK?

[oxfordrick]

yes but what happens if 60% of the development does not build out until 2025?

And Black Mountain Ranch llc and merchant builders go BK?

[oxfordrick]

yes but what happens if 60% of the development does not build out until 2025?

And Black Mountain Ranch llc and merchant builders go BK?

[temeculaguy]

Maybe I read the data wrong but the numbers seemed to be beyond 40% built, it looked like 700 or 900 of the 1100 were already built. Bonds are tricky, I have no info about this one in particular but if it was designed to build three schools and only 2/3 of the houses get built, they don;t build the third school just yet. Water improvements are done ahead of building, but schools aren’t always. reputation and rating also play a role, if investors get screwed they will want more profit next time, so it is on Poway’s best interest to play the expenditures safe and keep the investors happy. I highly doubt that buildable, permitted residential in the Poway district sits vacant for 25 years, but it’s not my money so what do I know.

[temeculaguy]

Maybe I read the data wrong but the numbers seemed to be beyond 40% built, it looked like 700 or 900 of the 1100 were already built. Bonds are tricky, I have no info about this one in particular but if it was designed to build three schools and only 2/3 of the houses get built, they don;t build the third school just yet. Water improvements are done ahead of building, but schools aren’t always. reputation and rating also play a role, if investors get screwed they will want more profit next time, so it is on Poway’s best interest to play the expenditures safe and keep the investors happy. I highly doubt that buildable, permitted residential in the Poway district sits vacant for 25 years, but it’s not my money so what do I know.

[temeculaguy]

Maybe I read the data wrong but the numbers seemed to be beyond 40% built, it looked like 700 or 900 of the 1100 were already built. Bonds are tricky, I have no info about this one in particular but if it was designed to build three schools and only 2/3 of the houses get built, they don;t build the third school just yet. Water improvements are done ahead of building, but schools aren’t always. reputation and rating also play a role, if investors get screwed they will want more profit next time, so it is on Poway’s best interest to play the expenditures safe and keep the investors happy. I highly doubt that buildable, permitted residential in the Poway district sits vacant for 25 years, but it’s not my money so what do I know.

[temeculaguy]

Maybe I read the data wrong but the numbers seemed to be beyond 40% built, it looked like 700 or 900 of the 1100 were already built. Bonds are tricky, I have no info about this one in particular but if it was designed to build three schools and only 2/3 of the houses get built, they don;t build the third school just yet. Water improvements are done ahead of building, but schools aren’t always. reputation and rating also play a role, if investors get screwed they will want more profit next time, so it is on Poway’s best interest to play the expenditures safe and keep the investors happy. I highly doubt that buildable, permitted residential in the Poway district sits vacant for 25 years, but it’s not my money so what do I know.

[temeculaguy]

Maybe I read the data wrong but the numbers seemed to be beyond 40% built, it looked like 700 or 900 of the 1100 were already built. Bonds are tricky, I have no info about this one in particular but if it was designed to build three schools and only 2/3 of the houses get built, they don;t build the third school just yet. Water improvements are done ahead of building, but schools aren’t always. reputation and rating also play a role, if investors get screwed they will want more profit next time, so it is on Poway’s best interest to play the expenditures safe and keep the investors happy. I highly doubt that buildable, permitted residential in the Poway district sits vacant for 25 years, but it’s not my money so what do I know.

[PadreBrian]

Those are old numbers. That 900 figure is about right in the post above. Black Mountain Ranch almost has zero debt…the infrastructure was paid for with bonds…and they own the land, which is collateral for the bonds.

[PadreBrian]

Those are old numbers. That 900 figure is about right in the post above. Black Mountain Ranch almost has zero debt…the infrastructure was paid for with bonds…and they own the land, which is collateral for the bonds.

[PadreBrian]

Those are old numbers. That 900 figure is about right in the post above. Black Mountain Ranch almost has zero debt…the infrastructure was paid for with bonds…and they own the land, which is collateral for the bonds.

[PadreBrian]

Those are old numbers. That 900 figure is about right in the post above. Black Mountain Ranch almost has zero debt…the infrastructure was paid for with bonds…and they own the land, which is collateral for the bonds.

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