Quote:
Originally Posted by dewilson58
"artificially depressed" ..................... my home as increased over 10% per year. not too depressed. 
The Developer would LOVE to have taxes cut. They pay millions in property taxes every year. Increase the impact fee on new homes will not cost the Developer a dime. The fee will just be added onto the price of the new house.  |
Your home would have increased more if you were not competing with the Developer's artificially low new home prices, which you are subsidizing with your tax increase and the Developer's sweetheart impact fee. In addition, the Developer's sweetheart impact fee is garnering him hundreds of millions of dollars, which more than makes up for whatever higher property taxes he is now paying on his mostly vacant land and on the relatively small number of completed houses in his inventory.
Finally, you obviously never studied economics or ran a business if you think that a business can simply add increased costs to its prices without reducing sales and taking a profit hit. A reasonable impact fee will cut, but certainly not eliminate, the Developer's bottom line, which is why his puppets set the fee so low.