Quote:
Originally Posted by Villages Kahuna
The “money hungry Morses” don’t make any money by financing the infrastructure with bond proceeds. The other alternative used by most developers is to let the local government finance the infrastructure and let them pay for them by increasing property taxes. Almost for sure local governments would not create infrastructure as complete and attractive as done by the Developer.
You get what you pay for!
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Exactly! This is why I think of it as a deferred tax.
In return we each own a piece of the infrastructure around us from day one.