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Old 06-26-2016, 07:19 PM
 
Location: -"`-._,-'"`-._, ☀ Sunny Florida ☀ ,-"`-._,-'"`-.
1,352 posts, read 723,203 times
Reputation: 1295

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Quote:
Originally Posted by d4g4m View Post
If anyone is being misinformed, it is a person who thinks a home builder is selling their home at a discount because it is in a CDD. Same base price if built on a no deed restriction, no H.O.A. lot or on a CDD lot. And actually, the house built in a Cdd will probably cost more because it gets loaded with high cost options like crown molding, granite counters and lots of tile floors.
And you are not getting any break on the cost of the lot in a CDD.
Hey, you must be peeking inside the windows of my house.....
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Old 06-26-2016, 07:41 PM
 
Location: Davie, FL
2,117 posts, read 1,362,294 times
Reputation: 1487
Quote:
Originally Posted by bobandsherry View Post
The DISCUSSION has appeared to have ended with a lot of wrong information being shared. I was trying to INFORM so that there was closure around what a CDD is (and isn't) as overall I seem to find that many have a misinformed view of CDD's.
The discussion included plenty of comments from me, including references to actual CDD material. Considering I live in a CDD, and am involved in my CDD commission and management, I have a pretty good idea about what a CDD is.

What we don't need is someone like you jumping in and pretending to be the authority on the topic, and denouncing others who have weighed in on the DISCUSSION about CDD's.
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Old 06-27-2016, 09:22 AM
 
Location: -"`-._,-'"`-._, ☀ Sunny Florida ☀ ,-"`-._,-'"`-.
1,352 posts, read 723,203 times
Reputation: 1295
Quote:
Originally Posted by BNBR View Post
The discussion included plenty of comments from me, including references to actual CDD material. Considering I live in a CDD, and am involved in my CDD commission and management, I have a pretty good idea about what a CDD is.

What we don't need is someone like you jumping in and pretending to be the authority on the topic, and denouncing others who have weighed in on the DISCUSSION about CDD's.
First I didn't single you out, I commented that there was a LOT of bad information in this thread. Second, I NEVER claimed to be an authority, but instead provided link to INFORMATIVE details on CDD. Sorry you took offense, was not my intent. Just as I read through the various posts I saw more wrong and misleading information than correct.
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Old 06-28-2016, 07:04 PM
 
3,313 posts, read 4,290,432 times
Reputation: 1835
CDD is a total scam - created by developers to benefit them and only them. Developers are taking bonds to build infrastructure and amenities (like they have an option to build without infrastructure, dah). And homeowners are baying this bond back for 30 years. But as it was already mentioned here, maintenance and operation cost will never go away and will increase overtime to keep up with aging amenities and infrastructure.

If you feel having CDD on the tax bill is safe - think again. Take a look at this website and check out the list of communities with CDD. I am not sure how up to date it is, but it still represents the whole picture.
Florida Community Development Districts

Another thing to keep in mind CDD doesn't necessary mean cool amenities. Sometimes is nothing more than little community pool and playground. Someone mentioned CDD communities are taking care of common areas. So as pretty much any community with HOA and no CDD

Some communities might even have CDD + 2 (!) HOA fees! In some cases HOA are low like $100 a year, in some - not so much and are $100 per month on top of CDD.

CDD is the way out for developers. Very smart concept. Just brilliant.
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Old 06-29-2016, 07:56 AM
 
Location: Davie, FL
2,117 posts, read 1,362,294 times
Reputation: 1487
Quote:
Originally Posted by EngGirl View Post
CDD is a total scam - created by developers to benefit them and only them. Developers are taking bonds to build infrastructure and amenities (like they have an option to build without infrastructure, dah). And homeowners are baying this bond back for 30 years. But as it was already mentioned here, maintenance and operation cost will never go away and will increase overtime to keep up with aging amenities and infrastructure.

If you feel having CDD on the tax bill is safe - think again. Take a look at this website and check out the list of communities with CDD. I am not sure how up to date it is, but it still represents the whole picture.
Florida Community Development Districts

Another thing to keep in mind CDD doesn't necessary mean cool amenities. Sometimes is nothing more than little community pool and playground. Someone mentioned CDD communities are taking care of common areas. So as pretty much any community with HOA and no CDD

Some communities might even have CDD + 2 (!) HOA fees! In some cases HOA are low like $100 a year, in some - not so much and are $100 per month on top of CDD.

CDD is the way out for developers. Very smart concept. Just brilliant.

Lol. CDD's are not a scam. The initial infrastructure to build the community - where do you think the money comes from to build it? And yes, the homeowners WHO LIVE THERE AND USE THE INFRASTRUCTURE pay back the bonds. Makes sense to me.

An HOA can and does handle the responsibilities of the operations and maintenance of a CDD, so what? It doesn't mean an HOA does it better. There are many benefits to a CDD vs. an HOA. For one, FEMA. Since the CDD is a governmental entity, you get much better access to FEMA funds should a hurricane come through and damage the common grounds. You also have much fewer issues with non-payments as it's collected through the tax bill. Any homeowner who has a mortgage and escrow, it's built in. So unavoidable.

Yes, there is often an HOA fee also, to pay the management company to run the HOA side. This is almost always close to nothing. Since the HOA just handles basic policing of the community (citing residents for dirty roof, driveway, painting, etc.) - but doesn't pay for any of the maintenance. So the HOA fee covers a very small management fee, only.
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Old 06-29-2016, 05:56 PM
 
Location: Ormond Beach, FL
1,338 posts, read 1,383,033 times
Reputation: 1226
CDD are a way for developers to shift what would be part of their up front costs to the buyers. Most buyers won't be aware of how much they will end up paying over the life of the CDD. CDDs are created by the developer for the developers benefit. If the developer did not think a CDD would help them suck out more profit from the buyers they wouldn't create them.
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Old 06-29-2016, 08:38 PM
 
Location: -"`-._,-'"`-._, ☀ Sunny Florida ☀ ,-"`-._,-'"`-.
1,352 posts, read 723,203 times
Reputation: 1295
Quote:
Originally Posted by Fredesch View Post
CDD are a way for developers to shift what would be part of their up front costs to the buyers. Most buyers won't be aware of how much they will end up paying over the life of the CDD. CDDs are created by the developer for the developers benefit. If the developer did not think a CDD would help them suck out more profit from the buyers they wouldn't create them.
The options for covering infrastructure:
1. City/Town/Village pays for infrastructure and residents of the city/town/village absorb the cost by paying overall higher taxes. Becoming less common today as existing residents have tired of paying the extra cost for new communities with newer and higher cost homes
2. Builder and passed to buyer by increased cost of home and most likely higher HOA's (HOA fees are NOT tax deductible)
3. Builder gets bonds and rolls into CDD (CDD fee IS tax deductible)

There is a cost to pay for infrastructure - roads, sewers, landscaping, streetlights, wetland mitigation, etc. One can kid themselves that one is better or worse. Bottom line is there is a cost for the infrastructure, just depends on how the costs are recouped.
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Old 06-30-2016, 05:55 AM
 
3,552 posts, read 6,175,716 times
Reputation: 3100
Quote:
Originally Posted by bobandsherry View Post
The options for covering infrastructure:
1. City/Town/Village pays for infrastructure and residents of the city/town/village absorb the cost by paying overall higher taxes. Becoming less common today as existing residents have tired of paying the extra cost for new communities with newer and higher cost homes
2. Builder and passed to buyer by increased cost of home and most likely higher HOA's (HOA fees are NOT tax deductible)
3. Builder gets bonds and rolls into CDD (CDD fee IS tax deductible)

There is a cost to pay for infrastructure - roads, sewers, landscaping, streetlights, wetland mitigation, etc. One can kid themselves that one is better or worse. Bottom line is there is a cost for the infrastructure, just depends on how the costs are recouped.
In some areas you can be paying CDD fees without even living in an area with a CDD . Some developers of commercial sites like shopping centers form a CDD to add turn lanes and roads in the area of the shopping center than charge the stores for the CDD who pass it on to the customers. I think 1 shopping center in West Melbourne adds 1.5% user fee on everything you purchase.
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