Comments by "Jeffrey Deuitch" (@jeffreydeuitch2146) on "Realtor.com Homebuyers MISSED OPPORTUNITY!?!" video.

Julian missed one thing about tax on lots and the levage. In new developments there are often bond debt payments which are special assessments and not ad valorum. In Florida these are called CDD fees (community development district). The bonds were issued to pay for the costs of development, infrastructure, etc to get the project ready to have finished lots ready for marketing and onstruction. Even if there are token value assessments for the lots, the CDDs can be several thousands of dollars for each lot regardless of whether vacant or improved. Multiply this by hundreds of lots, you will see that this can lever against the builder. In some cases, the builder will not pay the tax and allow tax certs to be issued which are satisfied upon sale. These accrue interest during the time the taxes are unpaid.
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