They need to pay more in property taxes, no? Why do people think they get their cake and it can be recouped by destroying the next generation’s quality of life and disposable income? Pay for your own stuff
Although I agree, “pay for your own stuff” would mean that new homeowners should pay for the sewer/road hookups. AFAIU that’s done through development fees.
What do you mean?
They need to pay more in property taxes, no? Why do people think they get their cake and it can be recouped by destroying the next generation’s quality of life and disposable income? Pay for your own stuff
Although I agree, “pay for your own stuff” would mean that new homeowners should pay for the sewer/road hookups. AFAIU that’s done through development fees.
So how can that be more equitably distributed if the name of the game is practicality?
That’s a philosophical question: What’s fairer? New home owners pay for their hookups, or everyone shares the cost?
I’d lean to the former, but that’s just me.
Since we’re trying to encourage new builds, lowering the cost of construction makes sense. So up everyone’s property taxes.
Or introduce more usage fees. But that screws poor people. 🤷
Getting rid of development charges doesn’t make things cheaper for people
You’re right that it just goes to property taxes but it also means you still qualify for the same mortgage so houses can be sold for the same price
Another way to look at it is buyers will have to pay for it for 30 years while retirees can just move to places that aren’t seeing massive expansion