AS WE FIGHT AGAINST PROPERTY ASSESSMENT INCREASES
When you take the Devil's Advocacy for municipalities, you could say with the implosion of brick-n-mortar non-essential, discretionary income businesses, where would you look?
To people who have the incomes so they do not have to worry about any measly expenses such as taxes and fees. And when you're in a region or local area of scenic possibilities, who would you want? Those with the disposable incomes to afford any expense or treat the expense as a write off deduction or a minor consideration? Or would you want those whose ownership of the land would have not only a near static rare change in the value of the city property roles, as well as NOT being in a position for any dynamic change in property values??
If you chose the former, you are cynically correct and astute to why developments in former single-home residential areas that will be filled with the well-heeled and funded is the preferred. If you're even more cynical, you will understand why your property values increase exponentially from year to year.
The 'Old Town' wants a stable source of revenue. Why not let the well heeled have access and ownership to properties that will better guarantee that on a long-term basis? Or would you cater to the wage workers or retirees with limited resources, who couldn't tolerate or pay for the expenses the city treasurer needs to pay for the services they choose to provide?
Luke Merlin
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