Join Date: Jun 2007
Location: Around here somewhere
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Originally Posted by Roody
Why do they have a minimum sf requirement? I mean by that, what good is it supposed to accomplish?
Property taxes and uniform values. Introduce oddball subdivisions of propertiies or decrease the average property resale value and revenues from property taxes are adversely affected as well.
It's an old problem...it skirts the reality of the new homes being more valuable in the long run due to factors such as energy efficiency, safety and attracting residents who will be part of the workforce and enhance the economy by deferring to traditional families who might add to some retail sales but are typically of lower income and probably somewhat transitory as their children's needs change and they move to different schools or out to higher education and life outside the family home.
I cite the example of my parents as we never held a mortgage for more than maybe five years until the housing market and my parents' health forced them to rent. Some families do indeed stay a lifetime but I'd be willing to bet that many have the wanderlust.
My disaffection is severely affected.