The Villages, Bonds, Taxes, Maintenance Fees and the CDD. What are they and why do we pay them?

[@Tommy3Putts]

Probably the best explanation of the property costs associated with the villages. Well done and easy to understand.

[@RustyNelson]

Thank you! Took a little to get it together. Subscribe Button: bit.ly/3aToJ3H

[@dawnmcmannama7920]

Great video!! This the best video I've seen on explaining the cost of living in The Villages. I saw this back when you published it but watched it again now that we are getting closer to moving down there. Keep up the good work!

[@RustyNelson]

Glad it was helpful! Subscribe for new Videos: bit.ly/3aToJ3H

[@auroranite]

Rusty you really provided an Excellent visual and narrative to understanding the expenses. It wouldn’t be TV’s without this continued maintenance of investment. Just consider where most move from to live at TV’s. For example, our home/yard is meticulously cared for, gaze across the street our neighbor’s property is an unkept trash heap. The city code enforcement does nothing to have owner improve the situation! Its why we have high hedges and one day will put up a For Sale sign. The beauty of TV’s is its beauty throughout, due to strict convenants and participation $$ byall.

[@RustyNelson]

Yes how true. People just don't understand and some folks really don't care. We are all diffrent that's for sure. Thanks for the note. Subscribe Button: bit.ly/3aToJ3H

[@AnnMarieZapolski]

Thank you! Extremely helpful!

[@RustyNelson]

Yes this is very important to know. Subscribe for new Videos: bit.ly/3aToJ3H

[@florencevall8092]

These cdd fees are really HOA fees. The fire fee is paid by taxes in a regular neighborhood with taxes. So just add FIRE fee as part of this sneaky pdd/HOA fee. Therefore living in the villages has super high sneaky HOA fees

[@Bucko74]

Excellent work on putting together this video explaining valuable information if you are considering buying or even currently living in The Villages! Job Well done Rusty!

[@RustyNelson]

Much appreciated! Subscribe Button: bit.ly/3aToJ3H

[@jon19100]

Thank you Rusty for explaining a confusing topic but so you know it’s somewhat clear now what to expect and I appreciate your time and work that you do

[@RustyNelson]

I get crazy for sure. Subscribe Button: bit.ly/3aToJ3H

[@joemanzione4044]

FINALLY !!!..a straight to the point in plain English an explanation to these at times confusing issues....THANK YOU Rusty

[@RustyNelson]

Welcome for sure. Subscribe Button: bit.ly/3aToJ3H

[@Imayamahamama]

Thank you for taking the time to put together this excellent video! I am considering a move to The Villages from Bethany Beach, Delaware and I want to be sure that I am financially prepared for the higher property taxes and other fees associated with living in The Villages. A huge decision for me. Your video is extremely helpful. Thanks again.

[@shadoman85]

Great video. Very informative.

[@RustyNelson]

Thanks I wish more people would watch this and get it spread around and have a better understanding. Subscribe for new Videos: bit.ly/3aToJ3H

[@Jaxmidway1]

Rusty thank you so much for that explanation. I'm thinking about moving down there I really like it but no one seemed to be able to answer my questions as well as you did thank you again so much

[@RustyNelson]

Any time! THanks for watching. Subscribe Button: bit.ly/3aToJ3H

[@ShakaTravelGuys]

We close on our new home in Dabney on Feb 27, 2023. Super helpful video. Thank you.

[@janisrandall3445]

Very informative Rusty. Great job

[@RustyNelson]

Glad you enjoyed it. Subscribe Button: bit.ly/3aToJ3H

[@RJnSD]

Excellent presentation, Rusty. The Villages should use this video to inform all potential buyers what to expect. You rock!

[@RustyNelson]

Wow, thanks! Please send it to them...LOL. ALthough I have been out of that biz for a while. Subscribe Button: bit.ly/3aToJ3H

[@LorieHastings]

Hi Rusty, I really appreciate you breaking this down for us and explaining each cost. I will be able to find the tax cost thanks to your instructions but I am wondering if there is a site that shows what the bond is for any given property so that I can figure the actual cost of the home. I do understand that the bond is frustrating to some people but we all pay it one way or another no matter where we buy a home (included in the price of the home) but it is really weird having it separated out. I would be able to wrap my head around the actual cost of a home if I could find how much I need to add to the price with the bond. TY Rusty! Have a great day!

[@deborahwilson-kujala9922]

Great help....thank you for video

[@RustyNelson]

Welcome. Subscribe Button: bit.ly/3aToJ3H

[@laruealegria4450]

Thank you Rusty for your good info…

[@RustyNelson]

You are very welcome

[@brockreynolds870]

Good explanation of taxes. These figures give a good idea of the costs involved in extra taxes when moving to a state that boasts "NO STATE INCOME TAX!" For people who are retired, or living on fixed income, but who are homeowners, this is almost always more costly for them. Working people making over 100K a year, are about the only ones who come out ahead in that situation. For instance... seems your tax bill total was 4,693$ a year for the Ad valorem taxes (Which is the only kind we have up here). My mother's home and property has about the same assessed valuation (275K), but her yearly taxes are 1,200$ per year. So you can see why I think the state income tax is more fair, it doens't punish homeowners, and you only pay more if you EARN more. Texas is far worse.... Your taxes there seem to be about quadruple what mine are here.. my sister lives in Texas, and hers are SIX times what mine are.

[@mbohn2526]

Thank you for explains in detail….it helped a lot!

[@RustyNelson]

Glad. Thanks for watching

[@nationalnotes]

Will be up there later this year. Property tax and bond is still lower than Miami! Good vid!

[@RustyNelson]

I would believe that. I thin you get what you pay for here. Subscribe Button: bit.ly/3aToJ3H

[@billjosh12345]

Rusty...you have visited TV now, what, 3 times? We all appreciate your insight and understand that you are getting ready to pull the trigger on buying a home down there. I think everyone will agree that it is a seller's market at the moment (May 2021). What does your gut tell you?...when in your humble layman's opinion do you think the market will start to soften? When will demand drop a little? When will supply catch up to demand? I guess I am asking an impossible question...when is the market top?

[@RustyNelson]

I wish I knew. My GUESS as with the market will be third quarter of this year. But it will change around the country. That was my guess around November of last year. BUT.... I really think that once you start to get to the retirement age you have to start looking at things a little different. It starts to become more of a quality of life investment then a "real" property investment. THis is as we run out f years...lol. Subscribe Button: bit.ly/3aToJ3H

[@josea5949]

I have been looking into TV for about the last 5 years. I don't think the market in TV is going to slow down any if not much. TV is on fire right now and may stay that way. We bit the bullet and decided not to wait any longer and just purchased a home there.

[@DailyPay_withKristina]

Nicely done. Good job.

[@matt51402]

Hi Rusty, You have really been a great asset to us with great information! This is why everyone needs to watch your videos!

[@RustyNelson]

I appreciate that! ...really...I do hope they help folks. Feel free to repost them if you fond a spot. All the best Matt.

[@kjisnot]

Great explanation of the fees that are foreign to someone out of state. What would really help is if TV developed an interactive map that you could click on an address and have it display what county, village and district it is in. Every time i see a map from TV it looks like it was colored with crayons and almost completely lacking in detail. Even their new homes have a basic map and the viewer has no clue what area it is in in relation to the entire development. I usually have to pull up google maps to figure out locations. Very frustrating. This business with development bonds isn't unique. Years ago developers would do the improvements and make that part of the purchase price of a new home. In my area I noticed the builder uses bonds to develop and then also make money on the interest as the bond holder. That strikes me as double dipping. I don't know if TV is doing that.

[@RustyNelson]

I believe you can go into the county and it will give you that info. But yes there are many folks in the pot of information and it seems hard to get sometimes. Subscribe Button: bit.ly/3aToJ3H

[@busboy4]

Thanks Rusty. Just revisiting this video to reacquaint myself with the nuances. I’m a data nerd and as we look at homes for sale for our likely future in The Villages it’s helping us to go in fully aware of all that awaits us. 👍

[@RustyNelson]

Glad it was helpful! Subscribe Button: bit.ly/3aToJ3H

[@SAMNJKN777]

Awesome, informative video!!

[@RustyNelson]

Thank you! Thanks for stopping in. Subscribe Button: bit.ly/3aToJ3H

[@MikeBush-zy6gh]

I did learn a lot. All states without state taxes will get you on home taxes to make up for it. Your taxes are high and too many community rules. The bond thing is over the top! Good luck.

[@lizzijansen6527]

Great job! I’ve lived in TV for 9 years, yet I learn something every time I watch your videos. Thank you.

[@RustyNelson]

Happy to hear that! Always nice to hear they are doing some good. Subscribe Button: bit.ly/3aToJ3H

[@HarryCane305]

use to be, the sales price covered the land improvement. even with HOA, there were no bonds. The problem is the CDD board can create New Bonds, for New improvements. there is no cap to the debt.

[@gregg413]

Great explanation. Good job on an easy to understand and informational video.

[@RustyNelson]

Glad you enjoyed it! Subscribe Button: bit.ly/3aToJ3H

[@lorijones564]

Great information, Rusty! I’ve watched this video twice this morning already, there is so much I need to learn!

[@RustyNelson]

Thanks Lori. It was a tough one to put together bet worth it I think. happy to help. Subscribe Button: bit.ly/3aToJ3H

[@ThomasHinz-v2m]

Great job.

[@RustyNelson]

Thank you! Cheers! Subscribe Button for new videos: bit.ly/3aToJ3H.

[@marks9072]

Hi Rusty- Closing in St. Catherine in June. So looking forward to this next adventure. Enjoy following your videos, learning more about the goings on in the Villages. Hope to catch up with you at some point.

[@RustyNelson]

Best of luck! Should be fun. Subscribe Button: bit.ly/3aToJ3H

[@kenmiller8157]

Rusty, great job on this topic. Since we have never had to deal with development costs in traditional housing, I am curious how this works in a new subdivision up north. Does the developer assume those costs and then include them in the price of the new homes? Or does the county somehow subsidize that new infrastructure - streets, utilities, etc. I expect the answer will vary in different places, but normally you just buy the house, and somebody paid for that development to occur. Let me know your thoughts.

[@RustyNelson]

Diferent all over the place. But in the end run it is always built into the house. Subscribe for new Videos: bit.ly/3aToJ3H

[@128MrRon]

Dang!!!😂😂😂 I’ll never be able to afford to live there but I sure did learn a lot of stuff about living there as far as taxes and bond and maintenance… Good Job Rusty👍

[@RustyNelson]

Thanks for watching though. Subscribe for new Videos: bit.ly/3aToJ3H

[@lesann1896]

Wow so you pay taxes the first section- plus maintenance plus bond - plus amenities fee so on that example you are paying about nearly $8k a year plus your mortgage payments.

[@rosemariekelly645]

OMG, hubby and I just watched your live video. Beyond excited for you. Working on making our dream come true, as well. Wishing you smooth transition and best wishes.

[@RustyNelson]

Thanks for the note and thanks for watching. Subscribe Button: bit.ly/3aToJ3H

[@patd6291]

Rusty - great illustration in explaining the bond. Thanks for all your info.

[@RustyNelson]

Thanks Pat. Subscribe Button: bit.ly/3aToJ3H

[@josea5949]

Probably the best explanation of the fees that I have come across. I'm one of those "carefully follow the bouncing ball" guys and you had my attention and understanding everything. Thank you

[@RustyNelson]

Glad to help. Thanks Jose. Took a little research but I'm glad its helping others. Feel free to share that link on other sites if you think it wil help.

[@margiesoobitsky7615]

Thank you for this information! It really helps to better understand the bond and CDD.

[@RustyNelson]

So glad! Yes sometimes just to see it all together. Subscribe Button: bit.ly/3aToJ3H

[@mbraden8949]

Excellent explanation - succinct and easy to understand. Great job!

[@RustyNelson]

Glad you enjoyed it and thanks for stopping in. Subscribe Button: bit.ly/3aToJ3H

[@billg2470]

Once again, a very good and informative video. I really enjoyed the information since I am considering a purchase in TV someday.

[@RustyNelson]

Go for it! Make sure you visit first. Subscribe Button: bit.ly/3aToJ3H

[@kathywood5740]

Great info. Thanks for taking the time.

[@RustyNelson]

Same to you Kathy. Subscribe Button: bit.ly/3aToJ3H

[@brianmadigan3052]

I live on Long Island and taxes including flood insurance are 14k per year. If I bought a house in the village's for 350k would all of these fees, taxes be under or above this 14k benchmark. When we retire and move we can live with a $100 or $200 per month sticker shock increase but you do not want to move expect a monthly payment of let's say 2k and now it's 2,500 per month. Thank you Rusty

[@RustyNelson]

Here are the taxes on a home that was assessed at 347K. This includes a $50k homestead...meaning you are getting a reduction because you are living there as a resident. So the total is about 7500. It changes with areas but this is south in the area of Fenny. It does not include the amenities fee of 164 a month. that is not a tax...it is the fee you pay monthly to pay for the fun stuff. Ad valorem: $4,695.69 Non-ad valorem: $2,749.94 Total Discountable: $7,445.63 No discount NAVA: $0.00 Total tax: $7,445.63 Subscribe Button: bit.ly/3aToJ3H

[@brianmadigan3052]

@@RustyNelson Thank you Mr. Nelson (such respect lol ) for your reply going down for lifestyle visit in two weeks and knowledge is essential.

[@waynee.weatherwax8408]

very good explanation of property and bonds/taxes in the villages

[@RustyNelson]

Thanks Wayne. Happy if it helped. Subscribe Button: bit.ly/3aToJ3H

[@MaryOKC]

I agree it is pretty … but it is very crowded / congested… shopping is excellent if you are into more stuff, restaurants … but the congestion is ridiculous. The Mill rate is high … I heard about the extra $20,000 bond…and the CDD cost depends which area you purchase as the cost can vary … you are talking a HOA board and elected officers when it comes to the CDD correct?

[@RustyNelson]

I think you need to relook at the video. Mentioning the HOA makes me believe that you have not seen the whole video as there are NO HOA's in TV. I never mention HOA. Also crowded is all relative. From NY...no. Live on a farm or in the mountains...sure. But I do not plan on "living" in the house. I bought a place there to be with people and have choices on where I go...not the same place over and over again. If I want I can always go out to the close towns just like you would if you lived in any other town. Not sure what you mean by extra 20k bond? Extra over what? Somebody always pays for your surroundings. Somebody always pays for the development...and that is you. Take a look at this where I compare to a person that talked about taxes (NY) to the Villages. kzbin.info/www/bejne/iXi8fKSmq7CeY7s I sounds like you have been to TV a bunch of times...you must live close.

[@YTDLW064]

Rusty … Question? If I pay the house & bond off - in full, in my will I leave house to my child (provided he/she is 55+) … can the “paid in full” bond be transferred to my child? Or, will he/she have to start paying for another bond (starting from that date)?

[@RustyNelson]

Remember I always say do not listen to me...I'm not a professional. With that said...when it is paid off you owe nothing after that...my understanding.. Subscribe for new Videos: bit.ly/3aToJ3H

[@mrskfpowers]

Excellent video! Thanks for sharing your information. Your language, graphics and editing were superb. You have a real tale t for this.

[@RustyNelson]

Wow, thank you! More to come and thanks for subscribing. feel free to pass it along to others if it will help. All the best. Subscribe Button: bit.ly/3aToJ3H

[@Daisydeb16]

Very thorough explanation! Thank you so much!

[@RustyNelson]

You're very welcome! Subscribe Button: bit.ly/3aToJ3H

[@susanclark2756]

Thanks for explaining the bond, maintenance & CDD. BUT, i DON'T UNDERSTAND WHY THE SCHOOL DISTRICT BASES THEIR TAXES ON $50,000 MORE THAN ANYONE ELSE ----PLEASE EXPLAIN, THANKS!

[@RustyNelson]

Not more that I know of. It is just not discounted. I believe because it is not local and the discount is a state incentive thing to homestead. Subscribe Button: bit.ly/3aToJ3H

[@susanclark2756]

Hmmmm guess I'm confused because it didn't say anything about discounts. I saw on another video about $25, 000 homestead discount but that leaves the other $25,000.....weird 🤔.

[@robobrio3580]

Well done. I was able to polish off a nice bottle of Chianti while learnin a whole bunch.

[@RustyNelson]

Not bad for 30 minutes...LOL Thanks. Subscribe Button: bit.ly/3aToJ3H

[@nshaver24]

Wow...you nailed it!!.....finally I can understand all this👍👏Thank you Rusty👏👍...I know this had to be a lot of work putting this together👏👍.....Nancy

[@RustyNelson]

Glad it was helpful! Thanks so much Nancy...yes it was some work but I hope it helped some folks understand just what they were getting into. Don't mean that in a bad way but I know it can be a little frustrating. thanks again. Subscribe Button: bit.ly/3aToJ3H

[@Judes121]

Thanks for explaining ! 👍🏼

[@RustyNelson]

u r welsome for sure. Subscribe Button: bit.ly/3aToJ3H

[@LLMiller1]

Rusty, can you explain how this plays out with 100% Diasabled Vet who is Property Tax Exempt? I understand that it would not effect the Bond or Bond Maintenance.

[@RustyNelson]

Hate to say it but I'm not sure. May want to talk to the VA. Subscribe for new Videos: bit.ly/3aToJ3H

[@nf2885]

Hi Rusty! Question, is the bond included in the price if the house or is it a separate payment that you make over time? Love love your videos!! 👏👏👍❤️

[@RustyNelson]

Bond is not in the price of the house. BUT...if the bond has been paid off by the previous owner...then you might say it is. New house...NO. Subscribe Button: bit.ly/3aToJ3H

[@ourfamilyvideos7283]

So the tax bill comes out and yearly payment on Ad Valorem and the non ad valorem CDD(bond,maintenance ,fire)is monthly ? Both listed on taxes….still kinda confused

[@pamelacook2839]

In your opinion, is it cheaper to rent a home or apt. Rather than own.?

[@carmentyminski3866]

8-10-23 is there a bond for the schools and utilities in Middleton? if so, who is paying them? I see “The Villages” name and logo on videos about Middleton.

[@RJMEL24]

Maintenance fees?? Do they include amenities like pools, etc.?

[@doreenlee9408]

Is the maintenance fee and HOA the same thing?

[@RustyNelson]

I think you did not watch the whole thing. If you did start from here. IE. there is NO HOA fee. kzbin.info/www/bejne/d2KVYZ6Dpchlq8ksi=Jgmzp4Fvm-rAT8h5&t=615

[@ohiogirl1730]

Wow. You are the best and thank you for your research on Florida 's Bond and taxes issues.

[@RustyNelson]

Thanks Ohio... I went to Dayton. Subscribe Button: bit.ly/3aToJ3H

[@hosegooseman5]

Very simple, Sesame Street like explanation of a somewhat “complicated” subject. Thanks!!!

[@RustyNelson]

You're welcome! Sesame Street....LOL Subscribe Button: bit.ly/3aToJ3H

[@kimwarner8848]

Much appreciated, I'm planning a trip to the Villages. I was looking for a basic explanation of the bond, maintenance, taxes, etc.

[@RustyNelson]

Glad it was helpful Kim. I know it can be a little crazy figuring it out. Subscribe Button: bit.ly/3aToJ3H

[@marvinhorlick5039]

Great info. Thanks! How are the recreation centers paid for?

[@RustyNelson]

They are different. Butt with that said basically the a combination of income and the amenity fees from what I can figure. they are $164 as if this date. Subscribe Button: bit.ly/3aToJ3H

[@FreeListingsNow]

Thanks for the info Rusty. Do you (or any of the people commenting) know how much the elected CDD Supervisors get paid to serve?

[@RustyNelson]

Hey Rob I was wondering the same thing. I know there is an appointed (hired) manager but no idea. Maybe somebody knows.

[@lauralampe1664]

If you watch Gold Wingnut's You Tube Channel, I believe Don Wiley is on the CDD board for the district he lives in. Don knows a lot about how his district board operates. Don should be able to answer your question.

[@donnamlanda9789]

Great job Rusty, you made everything understandable. I have 81 more months to go before I retire to the villages. Not that I am counting or anything, lol. :)

[@RustyNelson]

Best of luck! Trust me it will be here before you know it. Subscribe Button: bit.ly/3aToJ3H

[@juliegary7425]

Hi Rusty, We are planning a lifestyle visit Dec 2-9th 2021. Are you a private pilot? Are their any clubs for pilots or airports nearby for private planes? Many thanks Rusty!

[@RustyNelson]

Sea planes are big around here. Also a airport in Leesburg. I do not fly anymore but I will go and get a seaplane ride. Subscribe Button: bit.ly/3aToJ3H

[@brentstr10]

Wow...that's tax information overload. Adding in the cost of a mortgage is The Villages worth the expense?

[@lizzijansen6527]

Absolutely. TV is awesome.

[@RustyNelson]

Good question. I'll ask when I go into get my mortgage. Subscribe Button: bit.ly/3aToJ3H

[@RustyNelson]

agree. Subscribe Button: bit.ly/3aToJ3H

[@RustyNelson]

I think so. At this point in life you are investing in the quality of life and not property. At Least for me anyway. Subscribe Button: bit.ly/3aToJ3H

[@brentstr10]

@@RustyNelson Thanks Rusty...you brought up a good point.

[@BarryB382]

Does the maintenance fee go forever on after the bond is paid in full?

[@RustyNelson]

Yes it keeps going. It pay for the upkeep of the the infrastructure that the bond paid for. Subscribe Button: bit.ly/3aToJ3H

[@Ndiver81]

@@RustyNelson In top of paying county taxes??? What is the point of paying twice…. Double dipping

[@madusonkeeper]

Historically roads etc were part of house cost. Dont like CDD or HOA at all

[@RustyNelson]

If you think about it...does not make a big difference. You pay for it in the end. Subscribe Button: bit.ly/3aToJ3H

[@briannorton5028]

Is there any developer in Florida that passes the cost of the bond to homebuyers besides the Villages?

[@RustyNelson]

Brian...here is the point. It will always be passed to the home buyer...always. You will pay for it one way or the other. The bond is taken out by the developer to develop the land. THen divided up amongst the lot owners. Then each pays it off as they like. Monthly or all at once. If they did not do it that way it would just be put in the price of the home. The great thing about this is that there is money to develop before the homes are sold. as with all things, there are good and bad. But...buyer will pay for it in the end. Subscribe Button: bit.ly/3aToJ3H

[@briannorton5028]

@@RustyNelson I just don't see that fact reflected in the Villages home prices. They charge as much or more than any developer and stick you with the bond on top of that. I like the Villages but the way they handle the bond is entirely to their advantage.

[@RustyNelson]

Ok so we have to pay that amount anyway...yes the Villages does cost because of what you get...you are not just buying a house on a hill. So there is give and take in all things so how is it all in their advantage? THanks for your reply.

[@briannorton5028]

@@RustyNelson I guess I would give an analogy to illustrate my point. Imagine if there was one gas station in town that was allowed to advertise their gas prices without taxes included and every other gas station has to include taxes in their price. Would an uninformed motorist think this was the best gas price in town only to realize after they filled up that it's not? Would this gas station be tempted to raise their prices because they still appear to be lower than their competitors? I have little doubt that there are a lot of buyers who only find out about this substantial additional fee after they decide to buy and...surprise! Yes, it is a cost all developers have that is passed on to their buyers. I just don't like the way the Villages plays three card monte with it.

[@billg2470]

Sorry, ‘and’ was a mistake

[@GringoLoco1]

Good info, Rusty. Many thanks.

[@RustyNelson]

Many welcomes...LOL Subscribe Button: bit.ly/3aToJ3H

[@donaldfrierson743]

How is the Villages different from Disney.

[@elizabethstever6627]

The Bond is the same as your cost for a building lot where you live with town water and sewer. $30,000 for an approved building lot where we live (CT) is cheap. A 1/4 acre approved building lot in our area on average is $80,000. Town property tax and school tax in our area on average is $8,000 annually for a $250,000 home. When you buy your home in the Villages and you plan to retire there full time, you could include your bond amount into your residential mortgage which today is around 2.9% which is cheaper than the 4% interest charged on your bond that was mentioned in the video.

[@RustyNelson]

Not so sure that is right about the bond. You can pay it off and then try and refinance I guess and then you would be able to write the interest off. But there is no way that I know of to just add the bond to your mortgage. Trust me I've been thinking about it. NOW....if you plan on renting the home out then that may be a different story. Subscribe Button: bit.ly/3aToJ3H

[@aballantyne27]

Very helpful information

[@RustyNelson]

Glad it was helpful! Subscribe Button: bit.ly/3aToJ3H

[@jerrydonahue1830]

Rusty I live in the village of amelia. I payed 215,000 5yrs ago.Sumter county assessed value 186,000 Homestead 50,000. taxes---876 county 863 school swfwmd 37 Total 1776.00 Maintenance 465 fire 124 no bond total with discount 2,271.83 Very cheap compared to PA.

[@RustyNelson]

ah....yes you git in when the getting was good. Good for you!!!! Subscribe Button: bit.ly/3aToJ3H

[@lauralampe1664]

You have a good deal going. Last year my taxes went up $1,000 for a 2 bdrm, 1,000 sq ft. Townhouse. Highest increase since I bought this place in 1998. And in 2 years there could be another increase. I gotta get out of suburban Chicago.

[@lauralampe1664]

Thank you for the iuseful nformation Rusty. U am a subscriber, and anyone considering buying a home in The Villages should watch this video. 👍👍

[@RustyNelson]

Absolutely. Thanks for the mention. I know it can be a little confusing. Subscribe Button: bit.ly/3aToJ3H

[@bobbertolino8474]

That was clear & concise, Thank You!

[@RustyNelson]

Thanks. Those type of comments help get an idea if it is helping. Thanks for the time. Subscribe Button: bit.ly/3aToJ3H

[@juliegarren2994]

Rusty, great job explaining some very complex subjects. Thank you!

[@RustyNelson]

More to come and thanks for hanging in there. Subscribe Button: bit.ly/3aToJ3H

[@tikitinatv1420]

BTW not hassling you. I believe you’ve done a great job here. It’s been extremely helpful in causing me to think twice about jumping in to the deep end of the pool.

[@RustyNelson]

Glad to hear!

[@bettyb1581]

You look like Robert Redford

[@RustyNelson]

I'll take it thanks...LOL. Subscribe Button: bit.ly/3aToJ3H

[@stevenwilburn235]

Rusty, Thank you for sharing.

[@RustyNelson]

Welcome Steven and thanks for the comment. Subscribe Button: bit.ly/3aToJ3H

[@vajraman2067]

Thanks Rusty. I’ve watched a few of your videos and appreciate the work you put in. It might be helpful but a little difficult, how much money do I need on hand in cash or assets to be able to live there? Just give me a number based on a 3 or 4 bedroom home. I’d love to move down there but I feel like I would be getting “nickel and dime’d to death. You must have a feel by now of how munch money one needs to live down there. Thanks again.

[@RustyNelson]

Yes they are broken down into many little areas. BUT...you have to pay for things. Would it make a difference if they wrapped it up into one bill...no...you still have to pay for it. there is much more going on then just living in a medium size town in the middle of the US. Subscribe Button: bit.ly/3aToJ3H

[@robertwhite6311]

Nicely done!

[@RustyNelson]

Thanks!

[@htoobr]

Thanks for a great video covering a very dry but important subject. I have a question that doesn't really pertain to this but hoping you or others might be able to address it. I understand there are covenants that must be adhered to, but when you buy a used house and go through closing, do you start with a clean slate? In other words, if a modification to the property or structure was made by the previous owner without permission, can the new, and unknowing, owner be held accountable to rectify it and be responsible for the costs? Lastly, is there a way to have an inspection prior to closing on your previous owned home that clears you from this concern? Thanks again Rusty; very professional videos.

[@RustyNelson]

I'm not answering this in any way that is official...I'm not a professional. But two things come to mind. 1. If there was something that was done by the previous owner that would have to be stated by the seller prior to the sale then it is up to the buyer and seller to work it out. If not you could go back after them to remedy the problem if there is one. just a thought. Or maybe you could have it resubmitted to the board after the fact or actually have the seller take care of it. But I would think it would just come up if somebody complained. But I don't think it would erase the problem so to speak just because somebody bought the property with it that way.

[@tikitinatv1420]

What’s the homestead

[@RustyNelson]

When that is your primary home and you live there. Subscribe Button: bit.ly/3aToJ3H

[@phukit5456]

Great job Rusty Redford. Thank you.

[@RustyNelson]

Funny one...thanks for dropping though. Subscribe Button: bit.ly/3aToJ3H

[@phukit5456]

@@RustyNelson Not being sarcastic Rusty, but honestly you are a dead ringer for a younger Robert Redford. Has anyone ever told you that?

[@educationalretreats]

I appreciate the information you’ve provided. You made it very easy to understand. One question I still have is about the CDD. I’ve seen listings on homes in the northern part of TV that say no Bond ( which you explained) and the listing will also say no CDD... so who is paying for maintenance and improvements in those neighborhoods? Does money come from new areas/residents that do pay a CDD fee or will those areas without CDD fees just not receive the same upkeep? Thank you

[@RustyNelson]

Yes, absolutely. I think that if the place is within Lake County East of 441 (Spanish Spring) there is no cdd. I believe it has to do with if the home is within the city limits if Lady Lake, FL. Not an agent but I think that is the reason. VERY small percentage. Subscribe Button: bit.ly/3aToJ3H

[@jamesdelahanty4187]

Great job. As far as paying off the bond......if you have that amount of extra money earning less than .5% in a bank savings account, pay off the bond. Why float 4+%? Losing money every year.

[@RustyNelson]

Unless you have had that money in the market for the past 4 years... Allso how long you are going to own the place. Not sure how a rental property fits into that equation. Subscribe Button: bit.ly/3aToJ3H

[@jamesdelahanty4187]

@@RustyNelson Agreed. I was not referring to investable money, just liquid bank assets.

[@saltlifess6226]

all the extra payments priced me out from buying

[@fredhobbs3613]

I live in Connecticut. It is known we pay high taxes. Based on your presentation, we aren’t to far off from what Villagers appear to pay. I’m sure it’s worth what they pay but that is surprising.

[@RustyNelson]

I think people really don't pay all that much attention unless it gets REALLY noticeable to their wallet. And that is unfortunate. Subscribe Button: bit.ly/3aToJ3H

[@rayh4929]

Thank you. Looking forward to being your neighbor in St. Catherine.

[@RustyNelson]

Will be fun to be part of the "hood". Subscribe Button: bit.ly/3aToJ3H

[@michaelf.m2047]

Hi Rusty. My wife and I are set for a July 1 week visit BUT ... Golf cart insurance!!! I recall you were covered under USAA but did you ever hear of any coverage from other carriers? I am a AAA member but striking out here and I want to protect myself. Thanks Rusty

[@RustyNelson]

All policies are different so there is not one rule. I do know that with USAA we had to do some real digging to find out the information so thanks to a good person there. Subscribe Button: bit.ly/3aToJ3H

[@gailstalcup1477]

Ouch my head hurts. Lol...thanks great info

[@RustyNelson]

Sorry! wine helps though. I'm a bourbon person too...LOL Subscribe Button: bit.ly/3aToJ3H

[@patdennis2586]

I love our CDD government!! So much better than an HOA!

[@RustyNelson]

Seems to work well from what I can tell. Thanks Pat. Subscribe Button: bit.ly/3aToJ3H

[@pattyc301]

Hi Pat! If I may ask, why is it so much better than an HOA? I'm sure you have a perspective I haven't considered, and would greatly appreciate learning more.

[@robertwinchester1057]

Perfectly (and simply) explained. Thank you!

[@RustyNelson]

Thanks Robert. Subscribe Button: bit.ly/3aToJ3H

[@scottt988]

Way off topic, but this is the second video of yours I watched where you change shirts in the middle of the video. Whats up with that?

[@RustyNelson]

They take a while to do and have to do it in a couple of days...Subscribe Button: bit.ly/3aToJ3H

[@scottt988]

@@RustyNelson LOL and takes 5 months to reply :-)

[@markpatterson2507]

You pay them because people want your money.....good vid

[@RustyNelson]

Thanks.... Subscribe Button: bit.ly/3aToJ3H

[@sarahbierman5490]

Wow! I'm glad I didn't buy in there! We bought a condo directly on the intercoastal in Daytona Beach, for way under 200.000! 2 bedrooms 2 baths. We have one maintenance fee of 545.00 a month which includes cable and 5 G internet , huge heated pool, tennis courts, corn hole, horseshoes, Bingo Monday night's, lots of activities! taxes are low! We love it here, I get to sit on our balcony , right on the water, see the bridges, lots of boats , dolphins, etc... We are very happy with this place, , we are walking distance to the beautiful beach! We won't be running from hurricanes anymore, feel very safe here. A whole lot cheaper than the villages! No thanks! If you buy baying the 5th floor ya got ocean and intercoastal views! Beautiful! But when we bought , ours was the only one available and it's on the first floor, which is really up 2 floors from the ground, so no flooding issues during a hurricane, with wrap around balcony. Come to find out, I'm good with this one!

[@RustyNelson]

Sounds like you got what you need. Happy for you and hope people get what they need in TV. I did not know they had a bunch of golf courses on the IC waterway. I missed that one. But it can be nice around there. BTW what are the taxes for a year...including all the local fees too?

[@sandy7543]

This sounds better to me! Can you say more specifically where you are located in Daytona beach.? Thanks

[@richardc488]

Rusty, you can never get away from taxes!

[@RustyNelson]

Only when you are looking at the roots of the grass and even then they keep taking taxes for a while...LOL. Subscribe Button: bit.ly/3aToJ3H

[@tikitinatv1420]

Man this really makes less sense the more I dive into it. Here in Hawaii, let’s use Ewa Beach as an example, the houses have an HOA. A reasonable one. This pays for the upkeep of the common grassy areas, plants, flowers, waterfalls etc. The areas are very, very nice. I should post a video of what I am talking about in comparison. The streets are C&C. The fire dept is C&C. These are paid for by your property taxes. So that begs the question what exactly does your taxes pay for if not these things? The infrastructure is paid for by your property tax. Meaning the fire deot and streets are maintained by your property taxes. This would include schools etc. so somewhere, somehow, someone is making out like a bandit. Seriously. The homeowner appears to be taking it twice. Again beside the Bond, CDD....what does your tax pay for if not the streets and fire dept????

[@tikitinatv1420]

What I meant to say was bond maintenance. Okay MAYBE I can swallow the bond one time but why aren’t the streets turned over to C&C? To then be paid by your property tax. Same with Fire dept and other “infrastructure”. In sales I was told we are selling you a lifestyle. So question to self...Hmmm, am I that desperate that I need to pay for a friend structure? Not really. I make friends pretty easily. This “Stepford” seems attractive at first glance. I like the color of the koolaid. But not convinced I want to drink it.

[@tikitinatv1420]

So go someplace else Tina....... probably a good suggestion.

[@tikitinatv1420]

Still in thought. Wonder what percentage of the original bond goes toward building golf courses. Additionally, these villages are steeped in golf. The amenities fees seem to be more about golf than anything else. The golf courses are extremely expensive to operate. New turf, watering, grass cutting, keepers etc. So, if you don’t golf you are supplementing someone else’s lifestyle. I don’t golf BTW. I do love to go to the gym. But wait, I’m told that if I’d like to use the gym equipment I will need to pay a $70+ per month to do it. Shucks that sucks. Let’s see. Golf at around 3/4 the budgeted $165/month is $123. That leaves $41/ for all other amenities. If I go to 24 Jour Fit was the gym membership is a straight up $40/month. So why would I want to chip in the other $123/month for someone else to golf? Seems there should be a column system in place. Your amenity fees should be to opt in or opt out a certain columns. Column A has golf. Column B has gym membership. Etc. I opt into gym but opt out of golf. NOT pay for golf I never use then him pay extra to use the gym. Sorry people if this all comes across as a bit bitcheeee. It’s not meant to be. I’m really a nice person. I’m just a fun of using my critical thinking to ask the tough questions. The place is super cute. The financial structures are a bit weird. I’d LOOOOOVE to look at their budget and see what the money goes to. K done I think sorry for all the posts on poor Rusty’s site. BTW Rusty, you are a looker!! Oh and LOVE ❤️ the storm photos!!!

[@RustyNelson]

You need to listen to the whole video over again. ALL of the things at the Villages create a synergy. You are not paying for just golf. You are paying for the synergy of the whole. YOU CAN NOT SEPARATE things out. take away the golf and you take away the people that are there to play golf. I don't play shuffleboard or cornhole but I like them there. I don't join a bunch of the 3000+ clubs and groups but I like them there. It costs what it costs to make the whole and it has to come from someplace. Figure out if you like the place...figure out if the cost if worth that synergy and if it is...your gold for the rest of your retirement or until you find better. Don't mean that in a mean way but we start running out of years and if the Villages can supply me with some real happy people and a wonderful place to live....I'm good. But with that said I understand what you are saying.

[@RustyNelson]

You know you got me thinking about the double-dipping on the taxes. Yes, I agree there os some overlap where the municipalities charge a tax and the taxpayer seems to be charged twice. That does get to me but it's just the way it is.