Quote:
Originally Posted by dewilson58
Realistically Impact Fees don't impact the Developer.
IF the Impact Fee tripled, the Developer would just increase the price of the new houses by $2k. This would not slow sales. Every house in Southern Oaks would have sold if the price was $2k higher.
The Developer will make their 30% margin with a $1,000 Impact Fee or a $3,000 Impact Fee. It has nothing to do with Developer greed...............they will make their margins and they will continue to sell their new homes.
A friend is moving from an area by 466a to Southern Oaks. They have signed on the line. Construction will not start until February. What a great back-log. $2,000 additional fee would not have impacted the Developer.
Look for greed, controlling the commissioner, fraud some where else.
 |
I am trying to follow your logic, if what you are saying is true then why wouldn't the developer gladly pay the impact fee and simply pass it on to the new homes sale price while maintaining their profit margin? I highly doubt pi$$ing off the majority of existing residents with a huge tax increase is something the developers would do if it had no impact on profits?
I keep asking myself, would this have happened if Gary Morse was still alive and running operations?