No, the houses are now priced at the highest level that market conditions will allow. Businesses cannot simply pass all their costs on to buyers, otherwise no business would go bankrupt, especially if the costs are not incurred by all the the business's competitors.
Yes, housing prices would increase to some extent, and I am perfectly fine with that. Then the new residents AND the Developer, who are responsible for the new county infrastructure, would be paying for it, instead of us current residents. Remember, with the new-home buyers no longer paying for the Developer's subsequent county infrastructure through higher property taxes, they would recoup some or all of the higher home price. Better yet, the value of the houses of the current residents would increase correspondingly.
I know this is complicated, but think: If the Developer could simply pass on 100% of higher impact fees and not take a profit hit, do you seriously think he would have paid Hage $350,000.14 and would have fought so hard to keep his Commission puppets in office?
BTW, what makes you think that home prices around here went up 50% in the past year??
Last edited by ScottFenstermaker; 12-27-2021 at 05:28 PM.
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