There is a development of new homes going in behind us. I watched the construction from the first clearing of trees, to new homes being sold. I spoke with the developer and was told that they had to put out about 10 million to do all the permitting and excavation work just to get the point of building the first house. All during this time, the town harassed him and gave him grief over minute little details about this and that.
Once the house is sold, then the town proceeds to collect taxes on each home forever, feeding the public school beast and every few years coming up with some kind of excuse to raise the property tax rate.
There is a development of new homes going in behind us. I watched the construction from the first clearing of trees, to new homes being sold. I spoke with the developer and was told that they had to put out about 10 million to do all the permitting and excavation work just to get the point of building the first house. All during this time, the town harassed him and gave him grief over minute little details about this and that.
Once the house is sold, then the town proceeds to collect taxes on each home forever, feeding the public school beast and every few years coming up with some kind of excuse to raise the property tax rate.
It is infuriating usury.
Yes.