Quote:
Originally Posted by birdiebill
One point that everyone seems to be overlooking, or maybe not, is that all developer's costs are passed on to the buyers of the development. Impact fees, infrastructure costs, etc are in one way or another passed on to each buyer of each new house/home in the new development. Most of the time is it reflected in the higher cost of the homes and lots. In fewer cases it is passed on as a bond. Of course if all these costs were included in the price of the new homes and villas, it might make them too costly for buyers. That would slow down new home sales.
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Your point is very well taken and certainly not overlooked. That is why many existing homeowners are outraged. As you stated, "impact fees, infrastructure costs, etc are passed on to each buyer of each new house/home in the new development." You also stated that "if all these costs were included in the price of new homes and villas, it might make them too costly for buyers. That would slow down new home sales."
What you said is true, which is that impact fees for new development infrastructure are tryically paid by the buyers of the new homes in the development, because the developers pass the impact fees through in the price of the homes. The outrage here is that the developers effectively forced the impact fees to be paid by existing homeowners, allowing them to sell new homes cheaper and faster and make more money. So all Sumter county homeowners living north of 44 are subsidizing the developers profits. Personally, coming from someone with limited means, I don't particularly like subsidizing the profits of billionaires : (.