Quote:
Originally Posted by crash
I don’t care if the Morse family makes money but why should the tax payers subsidize them. There would be no development if there were no roads built so the developer should pay for that.
In most areas the developer pays for the infrastructure (roads) by developer fees these run about $20,000 per home. The Morse’s pay $900.
The entire counties taxes went up because now the tax payers are paying for this cost instead of the developer. This cost is usually built into the price of the home.
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All costs are part of the consideration for the home. Consideration = price paid+ any other liens against the property . If there were no bond program , the developer would have paid out of pocket or with a construction loan and the outcome would be the same.All costs are passed through to the buyer through one mechanism or the other. Any increase in "impact fees will' by definition be passed through to the buyer. Ergo a higher price. I have no quarrel with higher impact fees, but the final result will still be that the buyer pays.