Quote:
Originally Posted by RL Lemke
I am stating that this is accurate. How infrastructure is financed is not the province of the assessor. Just as city debt, often bond sales, doesn’t influence the assessment. Nor state or federal debt.
I consider the parcel specific bond debt, within a specific unit of apportioned development debt, to be just one of a number of ways a developer finances the improvements. Guided by state law, the use of debt before or after development is common, going by different names in different states. It is my experience that the sales price of the thousands of lots I’ve developed were not impacted by the development debt. National homebuilders paid the same.
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How did you recover the cost of infrastructure required by the thousands of lots you've developed? Did you put in the roads, sidewalks, entrance signs, water mains, and sewers with money out of your own pocket never to be seen again or did you pass those costs to the home buyers in the price of their homes?
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Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works.
Confirmation bias is real; I can find any number of articles that say so.
Victor, NY - Randallstown, MD - Yakima, WA - Stevensville, MD - Village of Hillsborough
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