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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Basic economics: Competition prevents the Developer from simply passing all his increased costs on to the buyers of new houses. The Developer would have to absorb some or all of them. This is why he has had his toadies on the County Commission raise our taxes rather than his impact fees.