how does that work ??? so long as mcmansions continue to sell and make money for the developers, and the resulting tax base, whose going to stop it ???
further up the food chain in the political/finance trap is where wealth gets destroyed without being noticed...Im almost ready for hyperinflation, so that i get the mortgage paid off with those inflated dollars...
for the price of a couple cheeseburgers in new money, the house will be secured under the old contract, *unless* that contract is voided by new political/finance regs, of course ???...heheheheh...
we-r-screwed, actually, WERE screwed long ago, and a lil lobbying and ballot box initiative seems too little, too late...
Right , and the spending required to support those new developments is larger than those increases in tax base requiring even higher local taxes which the clueless sheep go along with, hostages of the resulting traffic jams and crowded schools that they seem to have no idea why things changed for the worst.
I used to propose passing a significant development tax on developers per acre that would be passed on to new houses price which would slow this process, instead of my taxes always going up. But they wont do it. Why?
1) Affordable house a priority goal of politicians even more than Green and current homeowners are clueless to how it hurts them.
2) Gives More representation in congress, even if they are illegals
3) NEW Voting base become MORE liberal and more accepting of taxes and spending.
To #3, when I moved here my county was solidly Republican, last year Dems in charge added ‘gender identity’ to the housing and employment discrimination laws. That will tell you what development did.